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oil ministry news

Govt fixes gas price for April at ₹648, rates capped at ₹532 for consumers

"For the gas produced by ONGC/OIL from their nomination fields, the price shall be subject to ceiling of USD 6.5 per mmBtu," the order said.
business
Published on Apr 07, 2023 07:07 pm IST

PNG, CNG prices set to reduce as Cabinet announces new pricing mechanism

New Delhi, India - Oct. 20, 2020: A view of the HCNG Plant and Dispensing Station inaugurated by Minister of Petroleum and Natural Gas Dharmendra Pradhan at Rajghat DTC Bus Depot in New Delhi, India, on Tuesday, October 20, 2020. (Photo by Ajay Aggarwal / Hindustan Times) (Ajay Aggarwal /HT PHOTO)
india news
Updated on Apr 07, 2023 07:45 am IST

Oil ministry tells ONGC to sell oilfields; hive off drilling, other services

ONGC produced 20.2 million tonnes of crude oil in the fiscal year ending March 31.
business
Published on Apr 25, 2021 03:05 pm IST

Demand for gasoline, diesel will reach record 215.24 million in 12 months: PPAC

The world’s No. 3 oil importer and consumer expects strong demand for transport and industrial fuels to drive next year’s rebound. Consumption of diesel an economic barometer and the country’s most-used fuel will grow by more than 13%, as will demand for gasoline.
india news
Published on Mar 03, 2021 12:28 pm IST

Crude refining capacity to rise 80% by 2025: PM Modi

According to oil ministry’s datakeeper Petroleum Planning and Analysis Cell (PPAC), India’s refining capacity is 249.9 million tonnes, but capacity utilisation was higher at 254.4 million tonnes in 2019-20.
business
Updated on Oct 27, 2020 04:01 am IST

12.7 per cent dip in diesel demand in July

Consumption of diesel in July dropped to 5.5 million tonnes (MMT) compared to 6.3 million tonnes in June.
india news
Updated on Aug 24, 2020 01:26 am IST

Retail oil prices could be down by ₹5-8 after crude slide: Data

The fall in crude oil prices have once again highlighted the opacity of retail fuel prices in India.
india news
Updated on Mar 12, 2020 05:59 am IST

Prepare for the Iranian crude waiver to end

Iran was India’s second largest oil exporter as recently as in Q1FY19
editorials
Updated on Apr 24, 2019 10:30 am IST

India in talks with US to extend Iran sanctions waiver

Cracking towers and chimneys stand at the processing plant at the Persian Gulf Star Co. gas condensate refinery in Bandar Abbas, Iran.
business
Updated on Jan 31, 2019 04:52 pm IST

Government forms six-member panel to look at selling 149 fields of ONGC, OIL to pvt companies

The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and OIL.
india news
Published on Dec 02, 2018 01:37 pm IST

LPG price hiked by over Rs 2 after rise in dealers’ commission

Activists of TMC hold cut-out replicas of LPG cylinders and fuel dispensers during a protest against steady hike in fuel prices, in Kolkata on May 29.
business
Updated on Nov 10, 2018 04:56 pm IST

India eases oil import rules as it seeks to cut costs: Report

A Bharat Petroleum oil pump station displays the price of unleaded petrol and Diesel as a pedestrian walks past in New Delhi.
business
Updated on Sept 25, 2018 10:26 pm IST

Diesel price in Mumbai soars to all-time high, stokes fear and worry

On Tuesday, the diesel price went up by 16 paise from ₹73.74 per litre while the cost of petrol increased by 14 paise from ₹85.33 per litre.
mumbai news
Updated on Aug 29, 2018 12:40 am IST

Biggest trade deficit in five years is adding to rupee’s woes

A driver sits inside the cabin of a cement tanker truck at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra.
business
Updated on Aug 15, 2018 11:50 am IST

Petrol price hits high at ₹81.54 a litre in Pune, diesel rate highest in last five years

In Pune, petrol was sold at ₹81.54 per litre,and diesel was sold at Rs.67.71, the highest in the last five years.
pune news
Updated on Apr 03, 2018 03:36 pm IST
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