After enjoying the benefits of low oil prices, we should also be ready to shell out more on trend reversal
Symbolising the growing hydrocarbon engagement between India and Myanmar, the first consignment of 30 MT of High Speed Diesel was sent today from India to Myanmar by land route.
Oil Minister Dharmendra Pradhan today said the daily revision in petrol and diesel prices will continue despite petrol price spiking by Rs 6.6 per litre in two months.
Addressing the workshop on ‘Converging the Divergence between Diesel and Petrol Prices’ here today, the Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said
Indian Oil Corp. Ltd, the nation’s biggest refiner, will spend Rs1.8 trillion over the next 5-7 years to expand refining capacity and build its new businesses, chairman Sanjiv Singh said at the company’s annual general meeting in Mumbai on Tuesday.
India’s leading renewables company Greenko is in talks with Anil Ambani-led Reliance Infrastructure to acquire its Mumbai electricity business for an enterprise value of Rs 10,000-13,000 crore ($1.75-2 billion), people aware of the discussions said.
Indian energy firms are exploring investment opportunity in Israel’s offshore gas fields as well as possibilities of importing some of their advanced technologies as part of a larger effort between the two countries to strengthen energy ties following the recent visit by Prime Minister Narendra Modi to the Middle East nation.
Oil and natural gas corporation limited (ONGC) has said that it is committed to enable organic farming in the country in line with the prime minister’s goal of doubling farmers’ income by 2022 and reducing the carbon footprint.
Oil marketing companies’ (OMCs) 55,000 petrol pumps across the country will sell LED tube-lights and energy efficient fans in addition to LED lamps following the signing of pacts with Energy Efficiency Services Ltd (EESL) on Wednesday.
The government is hoping for lower subsidy bills over next two years as the global crude oil market struggles to rise despite the historic agreement between Opec and non-Opec producers to cut output. The government has budgeted Rs 25,000 crore toward petroleum subsidy in the current fiscal.