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  • Nitin Gadkari urges players to produce methanol from high-ash coal Aug 01, 2017 07:45 AM IST

    Nitin Gadkari urges players to produce methanol from high-ash coal

    The Road, Transport, Highways and Shipping Minister also asked global players like Volvo and Stena Lines whether they could run automobile and shipping fleet on methanol.

  • HPCL to invest Rs 61,000 cr by 2021 on expansion projects Jul 17, 2017 09:45 AM IST

    HPCL to invest Rs 61,000 cr by 2021 on expansion projects

    HPCL is upgrading both its Mumbai and Visakh refineries to produce fuel meeting Euro-VI emission norms.

  • Need affordable oil prices for masses: Dharmendra Pradhan to producers Jul 12, 2017 02:39 PM IST

    Need affordable oil prices for masses: Dharmendra Pradhan to producers

    Addressing a plenary session on 'Supply and Demand Challenges for Oil, Gas and Products' at the 22nd World Petroleum Congress in Istanbul, he said the rising middle class of emerging Asian countries like India will drive the demand for energy both in terms of electricity and cooking, and transportation fuel.

  • RIL's KGD6 investment to up its regulatory exposure: Moody's Jun 20, 2017 01:07 PM IST

    RIL's KGD6 investment to up its regulatory exposure: Moody's

    According to Moody's, the planned investment will increase RIL's exposure to Indian gas business which is extremely challenging.

  • India's fuel demand rose 5.4% in May Jun 12, 2017 01:46 PM IST

    India's fuel demand rose 5.4% in May

    Consumption of fuel, a proxy for oil demand, totalled 17.79 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

  • India's record diesel demand to continue in 2017, growth to slow May 30, 2017 02:21 PM IST

    India's record diesel demand to continue in 2017, growth to slow

    Increased fuel efficiency, a fall in commercial vehicle sales, and the use of other fuels for power generation are also expected to dent demand growth for diesel, analysts and traders told Reuters.

  • 3 Years of Modi: Govt scores high marks on pulse control, low grades on fuel May 11, 2017 12:20 PM IST

    3 Years of Modi: Govt scores high marks on pulse control, low grades on fuel

    It has been three years since the NDA-led government came to power. It is time to take stock. The government deserves credit for taming runaway lentil prices, but stands guilty of denying cheaper petrol and diesel to millions of consumers.

  • Sri Lanka's oil firm workers call off strike over India deal Apr 25, 2017 07:30 AM IST

    Sri Lanka's oil firm workers call off strike over India deal

    Thousands of Sri Lankan motorists queued for fuel earlier in the day after the workers went on strike to demand the government scrap the deal which trade unions say would give India too much influence over fuel prices.

  • India plans home delivery of petroleum products Apr 22, 2017 02:06 PM IST

    India plans home delivery of petroleum products

    About 350 million people come to fuel stations every day, it said. Annually 25 billion rupees (USD 387.00 million) worth of transactions takes place at fuel stations.

  • No plans to acquire coal mines overseas: NLC India CMD Apr 17, 2017 02:56 PM IST

    No plans to acquire coal mines overseas: NLC India CMD

    The company would continue to focus on the blocks allotted to it in line with government of India's mission of 'Make in India'

  • State oil cos to revise petrol, diesel prices in 5 cities daily from May 1: Sources Apr 12, 2017 01:27 PM IST

    State oil cos to revise petrol, diesel prices in 5 cities daily from May 1: Sources

    To begin with, daily revision of fuel prices will be implemented in Puducherry and Vizag in southern India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North, they said.

  • Indian Oil to supply fuels to Nepal for five years Mar 28, 2017 08:52 AM IST

    Indian Oil to supply fuels to Nepal for five years

    India has supplied all Nepal's fuel needs since 1974 and is keen to maintain close trading ties with its neighbour in South Asia, an area where regional rival China has sought to expand its influence.

  • Petrol prices set to rise in Goa with increase in VAT Mar 24, 2017 04:13 PM IST

    Petrol prices set to rise in Goa with increase in VAT

  • Govt may clear new coal linkage policy for power plants soon Mar 08, 2017 09:24 AM IST

    Govt may clear new coal linkage policy for power plants soon

    "The proposal on the scheme called 'SHAKTI' to provide coal linkages to power plants was listed on the agenda of the Cabinet meeting held on March 6. However, it could not be taken up due to paucity of time as the meeting was called on short notice," a source said.

  • US oil ticks up for 2nd day on record OPEC output cut compliance Feb 28, 2017 08:23 AM IST

    US oil ticks up for 2nd day on record OPEC output cut compliance

    OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards - the United Arab Emirates and Iraq - pledge to catch up quickly with their targets.

  • ONGC may acquire HPCL in deal worth around $6.6 billion Feb 27, 2017 03:30 PM IST

    ONGC may acquire HPCL in deal worth around $6.6 billion

    ONGC may buy all of the government's 51.11 percent stake in Hindustan Petroleum Corporation Ltd (HPCL) and follow it up with an open offer to acquire additional 26 percent from other shareholders of HPCL. The deal for the 77.11 percent stake would be worth Rs 44,000 crore or roughly around USD 6.6 billion at current market prices.

  • Toyota recalling fuel-cell Mirai vehicles Feb 15, 2017 03:42 PM IST

    Toyota recalling fuel-cell Mirai vehicles

    The auto giant said it would call back about 2,800 Mirai vehicles made between November 2014 and December 2016 to repair the defect.

  • British inflation hits two-and-half-year high Feb 15, 2017 09:54 AM IST

    British inflation hits two-and-half-year high

    The 12-month inflation rate hit 1.8 percent last month compared with 1.6 percent in December, the Office for National Statistics (ONS) said in a statement.

  • Jet Airways Q3 net plunges to Rs 142 crore Feb 03, 2017 07:54 PM IST

    Jet Airways Q3 net plunges to Rs 142 crore

    Jet Airways today posted a nearly 70 per cent fall in its third quarter net profit at Rs 142.38 crore as steep rise in fuel costs and other expenses took a toll on its bottom-line.

  • Coal India supply to power sector drop 3.6% to 288 MT Jan 23, 2017 03:22 PM IST

    Coal India supply to power sector drop 3.6% to 288 MT

    According to official data, coal dispatches to the power sector in the same period of previous fiscal were 299.1 million tonnes (MT).

  • OMCs ask govt for compensation for cashless discount burden Jan 20, 2017 08:31 AM IST

    OMCs ask govt for compensation for cashless discount burden

    State-owned oil firms, that are bearing the discount cost of 0.75 percent for cashless payments announced by the government in the wake of demonetisation, may urge the government to compensate for their losses.

  • India fuel consumption to hit 200 mn tonnes in 2016/17 Jan 16, 2017 12:44 PM IST

    India fuel consumption to hit 200 mn tonnes in 2016/17

    "Demand for petroleum products is increasing as the economy grows. India has the best growth amongst the large economies in the world ... we have massive hunger for petroleum products," said oil ministry Additional Secretay A K Sawhney.

  • Dec WPI at 3.39% vs 3.15% MoM; food inflation turns negative Jan 16, 2017 12:43 PM IST

    Dec WPI at 3.39% vs 3.15% MoM; food inflation turns negative

    Wholesale inflation for December came in at 3.39 percent, marginally higher than 3.15 percent in November. Numbers for October have been revised to 3.79 percent from 3.39 percent.

  • China will quadruple energy vehicle annual output by 2020 Jan 16, 2017 12:04 PM IST

    China will quadruple energy vehicle annual output by 2020

    Citing a government plan, Industry and Information Technology Minister Miao Wei said at a Beijing forum over the weekend that by 2025, at least one in every five cars sold in China will be a new energy model.

  • New aircraft to trim costs by 15-17% in long run: SpiceJet Chief Jan 13, 2017 03:07 PM IST

    New aircraft to trim costs by 15-17% in long run: SpiceJet Chief

    With fuel burn at 20 percent less than the existing fleet, the new airplane range will help reduce costs, said Ajay Singh, CMD of SpiceJet. The low-cost carrier, on January 13, announced a mammoth deal worth Rs 1,50,000 crore to purchase 205 aircraft from the US-based aircraft maker Boeing.

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