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.
Petroleum Minister Dharendra Pradhan on Monday clarified that the poor will continue to get subsidised LPG cylinder for domestic use, scotching media speculation that the government has decided to phase out the dole .
As many as 38,596 out of the state’s 38,073 villages have been lit up, chief secretary Anjani Kumar Singh said while briefing media about the review meet.
Bihar’s 98.8 per cent villages have already been electrified and power will reach the remaining ones by December end, chief minister Nitish Kumar was informed in a review meet in Patna.
Determined to benefit from fast-growing fuel demand in the country, IOC intends to nearly double its refining capacity to 150 mt by 2030, says the company’s top boss.
When we came to power the subsidy burden on kerosene was around Rs 30,000 crore. In the first year of our government the subsidy burden on kerosene was around Rs 25,600 crore.
The Government of India is planning to set up petrochemical clusters, in Eastern, Western and Southern India to spur the growth of the sector with a view to meeting the increasing demand for polymers/plastics and speciality chemicals across diverse industrial segments.
Modi-Trump Summit has successfully open the avenues of natural gas cooperation between the U.S. and India. The scope of this cooperation is based on the premise of the U.S. shale gas boom and technology advancement in hydrocarbons, which can not only help India to increase its domestic gas production but also increase its share of LNG exports to India.
After successful implementation of daily revision of Retail Selling Prices of Petrol and Diesel on a pilot basis in Chandigarh, Jamshedpur, Puducherry District, Udaipur and Visakhapatnam from 1st May, 2017, Indian Oil Corporation Ltd. (IOC) said on Thursday that it will on the same start revising Retail Selling Prices of Petrol and Diesel across the country on a daily basis from 16th June 2017.
The 60 million metric tonnes per annum (MMTPA) west coast refinery-cum-petrochemicals complex will be a state-of-the-art unit built at an estimated cost of US$ 40 Billion, and is expected to be commissioned by the year 2022. It will be a green refinery comprising 50 units designed to operate at the highest level of efficiency, and will be self-sufficient in power and utilities requirements, besides creating a benchmark in environment management.
As Many As 71 GAIL and 11 IGL Sponsored Students qualify JEE Advanced Examination and are set to join India’s most prestigious academic institution, the Indian Institute of Technology (IIT).