Petroleum Ministry while coming down heavily on petrol pump owners has slammed their decision to observe Sunday off under the pretext of answering Prime Minister Narendra Modi’s call for oil conservation
Petroleum Conservation Research Association (PCRA) and Oil PSUs under the aegis of Ministry of Petroleum & Natural Gas organised a campaign to sensitize the masses about importance and advantages of fuel conservation and its effective utilization.
The Centre slammed the Consortium of Indian Petroleum Dealers (CIPD) move to close petrol pumps on Sundays and said that such closure of petro pumps by a small section of dealers will lead to inconvenience to general public.
Union Petroleum Minister Dharmendra Pradhan today said the country will augment its refining capacity to 600 million metric tonnes from the present 230 million metric tones to meet the growing demand.
Refinery Technology Meet (RTM), one of the most prominent technical conferences pertaining to refining sector in the country, is being periodically organized by Centre for High Technology (CHT) under the aegis of MOP&NG and attended by luminaries from Oil industry.
Oil companies have invested nearly $14 billion to upgrade facilities and help implement Bharat Stage IV (BS-IV) , according to Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan.
At a time when India is trying to cut its oil import by 10%, a study by S&P Global Platts today stated that India’s crude oil demand is expected to go at a compound annual growth rate of 5% per year till 2020.
The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.
When OPEC and Russia meet next month to assess the impact of their oil cuts they face a surprising outcome: stockpiles are even higher than when they started
India’s newest petrochemicals maker is seeking to sell half its $4.6 billion facility to Saudi Arabian Oil Co., according to people with knowledge of the matter.