Cooking gas (LPG) price was hiked by Rs 1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March.
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.
Public sector oil marketing companies (OMC) have lined up investment of over Rs 1,260 crore in Uttar Pradesh over the next two years to augment their Liquefied Petroleum Gas (LPG) bottling and distribution capacity.
With Diwali just round the corner, the Narendra Modi government has plans to make poor women happy by gifting clean cooking fuel.
The Narendra Modi government is planning to offer some tax relief to those who are willing to donate cooking gas connections for poor households, reported the Times of India.
State-run Hindustan Petroleum Corp. Ltd (HPCL) and France’s Total SA may revive their plan to build an underground liquefied petroleum gas (LPG) storage facility in Mangaluru, said Mukesh Kumar Surana, chairman and managing director of HPCL.
India`s fuel demand fell 6.1 percent in August compared with the same month last year.
The lack of urgency shown by the government in resolving issuance of ‘non-explosive licences’ to Nepali gas bullets is likely to hit the supply of liquefied petroleum gas (LPG)in the near future.
Union Petroleum and Natural Gas minister Dharmendra Pradhan said LPG coverage in Odisha has increased from 20 per cent in 2014 to 50 per cent of the households in the state which is about 150 per cent increase.
Public sector petrochem giant Indian Oil Corporation ( IOC) is going to launch its 450 kg jumbo pack of LPG in entire West Bengal this financial year keeping bulk consumers as target buyers.