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  • Cabinet hikes ethanol prices; Sugarcane farmers to benefit Oct 29, 2020 03:59 PM IST

    Cabinet hikes ethanol prices; Sugarcane farmers to benefit

    The price of sugar juice-based ethanol was being increased by Rs 3.25 per litre to Rs 62.65 per litre, that of ethanol ‘B Heavy’ was being raised to Rs 57.61 per litre, and ‘C Heavy’ ethanol will fetch Rs 45.69 per litre.

  • India saved Rs 5,000 crore by filling strategic reserves with low-priced oil: Dharmendra Pradhan Sep 21, 2020 06:53 PM IST

    India saved Rs 5,000 crore by filling strategic reserves with low-priced oil: Dharmendra Pradhan

    India filled up its strategic reserves in April and May when international oil prices hit a two-decade low. The country maintains 5.33 million tonnes of emergency storage, enough to meet its oil needs for 9.5 days, in three locations.

  • Big Story | While fuel demand slipped sharply in August, IOC expects sales to reach pre-COVID level in H1FY21 Sep 17, 2020 04:54 PM IST

    Big Story | While fuel demand slipped sharply in August, IOC expects sales to reach pre-COVID level in H1FY21

    Petroleum product sales fell to 14.39 million tonnes in August, down 7.5 per cent over the previous month

  • PM Modi to dedicate to nation 3 petroleum projects in Bihar Sep 13, 2020 02:36 PM IST

    PM Modi to dedicate to nation 3 petroleum projects in Bihar

    The projects include the Durgapur-Banka section of the Paradip-Haldia-Durgapur pipeline project and two LPG bottling plants, an official statement said.

  • Fuel demand gradually returning to pre-COVID levels: Govt Jul 01, 2020 08:00 PM IST

    Fuel demand gradually returning to pre-COVID levels: Govt

    "The sales of petroleum products in India, the world's third-biggest oil consuming nation, had in April fallen to the lowest since 2007, due to the nationwide lockdown, necessitated to prevent the spread of COVID-19 pandemic," an official statement said.

  • India's fuel demand continues to recover in June Jul 01, 2020 02:25 PM IST

    India's fuel demand continues to recover in June

    State-retailers' gasoline sales in June rose by about 36 percent from May to about 2.04 million tonnes (MT).

  • India's fuel consumption dips 46% in April; expected to rebound in May May 10, 2020 12:58 PM IST

    India's fuel consumption dips 46% in April; expected to rebound in May

    India's fuel consumption fell almost 46 per cent in April as all petroleum products, except LPG, saw massive demand erosion following the nationwide lockdown that halted economic activity and travel.

  • Oil price crash can be a blessing in disguise for India Apr 21, 2020 12:39 PM IST

    Oil price crash can be a blessing in disguise for India

    The current slump in global crude price is an opportunity for India’s ambitious Indian Strategic Petroleum Reserves programme. India may leverage the depressed prices to fill in its strategic crude oil reserves

  • Let gasping gas plants breathe freely Feb 17, 2020 08:50 AM IST

    Let gasping gas plants breathe freely

    A sharp drop in natural gas prices offers government the opportunity to reignite gas-based power units

  • Know your minister | Dharmendra Pradhan - Petroleum, Natural Gas and Steel Minister May 31, 2019 01:54 PM IST

    Know your minister | Dharmendra Pradhan - Petroleum, Natural Gas and Steel Minister

    Pradhan, 49, a tough task-master was credited for implementation of the Pradhan Mantri Ujjawla Yojana to see LPG customer base more than double to 26 crore in just five years

  • Government gives nod to add 25,000 petrol pumps Jun 19, 2018 04:00 PM IST

    Government gives nod to add 25,000 petrol pumps

    Currently, state-run companies operate around 57,000 filling stations while the private players run around 6,000.

  • GST on petroleum products may run into stiff opposition from states Jun 13, 2018 06:02 PM IST

    GST on petroleum products may run into stiff opposition from states

    States such as Telangana and Andhra Pradesh have showed resistance towards bringing in petroleum products under GST as they don’t want to forego a substantial chunk of revenue that comes from petroleum products

  • Watch | Decoding taxes on petroleum products Apr 16, 2018 04:11 PM IST

    Watch | Decoding taxes on petroleum products

    In this year, petrol prices have been raised by Rs. 4.05 per litre in Delhi, Rs. 4.01 per litre in Kolkata, Rs. 4 per litre in Mumbai and Rs. 4.26 per litre in Chennai.

  • NGT allows registration of diesel trucks for carrying petrol Jan 11, 2018 05:55 PM IST

    NGT allows registration of diesel trucks for carrying petrol

    A bench headed by acting Chairperson Justice U D Salvi directed the Commissioner of Transport Department of Delhi government to register the vehicles, subject to certain conditions.

  • Dharmendra Pradhan inaugurates Paradip-Raipur-Ranchi petro pipeline Nov 30, 2017 08:12 AM IST

    Dharmendra Pradhan inaugurates Paradip-Raipur-Ranchi petro pipeline

    On the occasion, Pradhan and Chhattisgarh Chief Minister Raman Singh also dedicated the newly set-up oil terminals of Indian Oil Corp (IOCL) in Korba and Raipur (Chhattisgarh), Ranchi (Jharkhand) and Jharsuguda and Jatni (Odisha) and also laid the foundation stone of a LPG bottling plant in Korba, an official here said.

  • Union Oil Minister takes up Paradip refinery tax issue with Naveen Patnaik Aug 18, 2017 09:15 PM IST

    Union Oil Minister takes up Paradip refinery tax issue with Naveen Patnaik

    The state government had last year withdrawn tax incentives to the 15-million tonne refinery, a decision that IOC has challenged in court.

  • Petroleum, motor vehicles boost US import prices May 10, 2017 09:30 PM IST

    Petroleum, motor vehicles boost US import prices

    The Labor Department said on Wednesday that import prices jumped 0.5 percent last month after gaining 0.1 percent in March. It was the fifth straight monthly increase and beat economists' expectations for a 0.2 percent advance.

  • Petroleum Minister says households with LPG connections rose by 6 crore since 2014 Apr 06, 2017 12:44 PM IST

    Petroleum Minister says households with LPG connections rose by 6 crore since 2014

    "In 2014 the number of households with gas connections was 14 crore and it stands at 20 crore now, Dharmendra Pradhan, the Minister of State for Petroleum and Natural Gas said at the Global Natural Resources Conclave. India has a total of 26 crore households.

  • MRPL jumps 4.5% on likely share sale to comply with norms Mar 09, 2017 01:21 PM IST

    MRPL jumps 4.5% on likely share sale to comply with norms

    According to a media report, the company currently has 11.42 percent shares with the public against 25 percent that is needed to comply with SEBI norms.

  • Cargo traffic at 12 major ports up 7.14% at 535 MT in Apr-Jan Feb 28, 2017 12:10 PM IST

    Cargo traffic at 12 major ports up 7.14% at 535 MT in Apr-Jan

    These top ports under the Centre had handled 499.68 MT cargo during the April-January period of the last fiscal.

  • Exports go up 4% to $22 bn in Jan, gold imports slip 30% Feb 16, 2017 07:48 AM IST

    Exports go up 4% to $22 bn in Jan, gold imports slip 30%

    The growth in shipments came despite the growing protectionist and anti-trade sentiment in the US and Europe, which exporters said pose "major challenges" for the sector in the near future.

  • 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.

  • US manufacturing growth picks up in December: ISM Jan 04, 2017 07:44 AM IST

    US manufacturing growth picks up in December: ISM

    The ISM manufacturing index rose 1.5 points from November to 54.7 per cent, with 11 of the 18 industries surveyed reporting growth, led by petroleum and coal products, primary metals, miscellaneous manufacturing, and food, beverage and tobacco products.

  • Sudan holds up OVL oil field licence extension Dec 06, 2016 10:00 AM IST

    Sudan holds up OVL oil field licence extension

    The licence for Block 2B expired last week and an automatic 5-year extension is available, but Sudan, whose revenues have been hit with a drop in oil prices, wants higher taxes and royalties before it agrees to the same, officials said.

  • Crude prices may stay range-bound, upside capped: IOC Chief Dec 05, 2016 02:23 PM IST

    Crude prices may stay range-bound, upside capped: IOC Chief

    B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.

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