The Ministry of Petroleum and Natural Gas has stated that there has been a fall of around Rs 100 in the retail selling price of LPG (Liquefied Petroleum Gas) (non-subsidized price) at Delhi in the recent months.
Petroleum and Natural Gas Regulatory Board (PNGRB), India’s downstream oil and gas regulator, has appointed ratings agency CRISIL as consultant to prepare regulations for the planned Natural Gas Trading Exchange.
The government has shelved the plan to privatise several key ageing fields of ONGC and Oil India following strong opposition from the state-run companies and consultations between the oil ministry and the Prime Minister’s Office. The two companies will now draw up their own proposals to boost output from the fields.
Prime Minister Narendra Modi’s initiative to provide a shield to women and children from smoke, the Ujjwala Scheme, has been much admired in the new WHO pollution report. “Countries are taking measures to tackle and reduce air pollution from particulate matter.
Crude oil prices settled at a three-year high in the previous week, with WTI finishing at $68.40 per barrel and Brent at $74.06.
Union Petroleum Minister Dharmendra Pradhan opined that the development of the region around Odisha’s Paradip Port will lead to the creation of around 20,000 direct employment opportunities.
With petrol and diesel prices touching multi-year highs, Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices but said there is no going back on free market pricing.
Indian Oil Refiners Are Investing Rs 30,000 Crore For Upgrading To BS VI Technology: SSV Ramakumar, IOC
India has just launched the high efficiency BS VI grade of petrol and diesel in a bid to cut vehicular emissions. However, However, the improved fuel quality will have a marginal impact on emissions until the launch of the complimentary BS VI compliant automobile engines
India has raised the prices of locally produced natural gas by 6% to $3.06 per million metric British thermal units (mmBtu) for the April-September period in line with the rising international rates.
India`s Bharat Petroleum Corporation Ltd (BPCL) plans to build a $3 billion petrochemical unit to serve the Mumbai region, a company official said, to profit from the country`s expected surge in demand for petrochemicals as its economy expands.