Interfering in the pricing of the commodity is the most anti-consumer step a government can take. Let the competition decide the price as in the open market.
India’s fuel demand surged 9.9 per cent in September, the biggest expansion in more than one year, after petrol and diesel consumption soared.
India may export fewer fuels in the next four years as growth in the demand for oil products is rising faster than new refining to produce them is being added, an Essar Oil company executive said on Monday.
The strong demand for oil products will continue and may stay above 5 per cent in the medium term, driven by demand for three key items – petrol, diesel and cooking gas, said a report.
India`s fuel demand fell 6.1 percent in August compared with the same month last year.
India must push for a trans-national deep water gas pipeline from Iran, passing through Oman but by-passing Pakistan, to feedstock the country’s power, fertilizer
Scientists have created cyborg bacteria – microbes covered with tiny, highly efficient solar panels – that are better than plants at harvesting the Sun’s energy to produce fuel from carbon dioxide and water.
The government is considering enhancing the revenue base of state-owned oil companies’ petrol pumps by allowing them to offer pharmaceuticals, groceries and other such products for sale.
“Eight days ago we had a meeting (with veteran scientist and Niti Aayog member V K Saraswat) where we decided that if marine engines are run on methanol, it can be import substitute, cost-effective and pollution-free,” the minister said.
Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery at Ellesmere Port, has confirmed a new agreement with Etihad Airways for the direct supply of aviation fuel at Manchester Airport.