Consumers would soon be able to buy energy efficient LED bulbs, tubelights and ceiling fans at petrol pumps at much lower retail rates.
The move to implement daily fuel price revision has pushed neighbouring markets towards price distortion on its very first day
Under a recently announced pilot project, the price of petrol and diesel is being revised on a daily basis in five cities.
India is looking to invest in a colonial-era Sri Lankan oil-storage facility as it seeks to further its naval interests in the Indian Ocean and push China back in the process.
Indian Oil, National Fertilizers, L&T and Godrej & Boyce are among those that have won the top National Safety Council (NSC) award Sarva Shreshtha Suraksha Puraskar for 2016
Indian Oil Corporation Ltd (IOCL) will augment its LPG production facilities in Kerala and Tamil Nadu to meet the increased demand for the gas that is growing at 11% annually with the completion of construction of LPG import terminal and the pipeline connecting it to Salem.
Rates were last revised on January 16 when price of petrol went up by 54 paise. On that date, diesel rates were hiked by Rs 1.20 a litre.
Thanks to the fall in global oil prices, state-owned domestic fuel retailers cut petrol and diesel prices by Rs 3.77 per litre and Rs 2.91 a litre respectively, the first change in rates in two-and-a-half months.
Minister Pradhan said India is also considering extending the natural gas pipeline from Gorakhpur in Uttar Pradesh to Nepal. State-run GAIL is building the proposed pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal, which crosses Gorakhpur.
India’s largest oil marketing company, IndianOil will assist Nepal Oil Corp (NOC) in laying a petroleum products pipeline that will supply fuel to Nepal and in jointly marketing fuel in Nepal, union minister of state for oil and gas Dharmendra Pradhan said on Monday.
The government will extend the lease for oil or gas fields four years before the initial 20-year term expires, failing which an extension plea would be deemed to have been rejected
India is open to the idea of investing in America’s energy sector and acquiring assets if it gets a good deal, Union Oil and Natural Gas Minister Dharmendra Pradhan has said today.