President Ram Nath Kovind hosted an LPG Panchayat at the in Rashtrapati Bhawan a few days ago. LPG (Liquified Petroleum Gas) consumers and beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) scheme from more than 20 states attended the Panchayat.
With as many as 15 oil & gas blocks out of 55 on offer under the Hydrocarbon Exploration & Licensing Policy (HELP) located in Gujarat, the state holds the key to the success of the policy, a senior official said.
India hopes Abu Dhabi National Oil Company (ADNOC) will send the first shipment of crude oil to fill the country’s 0.75 million tonnes strategic petroleum reserve at Mangalore starting in May, Oil Minister Dharmendra Pradhan said in New Delhi on Tuesday.
Total oil consumption expanded at the fastest pace in 14 months to 16.9 million tons from 15.3 million a year ago, according to the oil ministry’s Petroleum Planning and Analysis Cell.
The massive allocations made in the Union Budget to expedite ongoing and new railway lines could see Karimnagar town emerging as the biggest railway junction of the State.
India’s oil refining capacity is set to jump 80%, or by 194 mt (mt), by 2030 as state refiners, Reliance Industries and Rosneft line up expansion plans, undeterred by the renewables explosion, hoping to meet future demand.
Oil Minister Dharmendra Pradhan on the issue of splitting gas utility GAIL today said a decade- old policy provides for a natural gas transporter not having any interest in marketing of the fuel.
Delhi reported 785 cases of short-delivery of fuel at petrol pumps between April 2014 and December 2017, ranking third among all the states in the number of such cases.
Demand for diesel will rise threefold and petrol three and a half times by 2040 in India, an official panel has forecast, allaying fears among industry executives that the push for renewables and electric vehicles could dent oil demand.
The refining capacity in the western part of the country is likely to touch 242 million tonne per annum (mtpa) almost double the capacity of 121.4 mtpa.