Monday, Jun 27, 2022
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Petronet Seeks Lower Price For Renewing Qatar Deal

Petronet Seeks Lower Price For Renewing Qatar Deal

The company in the immediate term is looking to tie up 0.75 to 1 million tonnes of LNG to meet the burgeoning energy demand in the country, particularly in the city gas sector.

12 May 2022
Core Sector Growth Slows Down To 4.3% In March

Core Sector Growth Slows Down To 4.3% In March

The growth rate of the eight infrastructure sectors - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded...

29 April 2022

India's Oil Import Bill Doubles To $119 Billion In FY22 Amid Soaring Energy Prices

India spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with $8.4 billion spending in the same month last year.

ONGC Commissions Rs 6,000 Crore Projects To Boost Oil, Gas Output

ONGC Commissions Rs 6,000 Crore Projects To Boost Oil, Gas Output

The state-of-the-art 8-legged water Injection-cum-Living Quarter platform has been installed as part of the implementation of the low salinity waterflood...

24 April 2022

EXPLAINER: What's The Impact If Europe Cuts Off Russian Oil?

The EU sends $450 million a day to Russia for oil and $400 million per day for natural gas, according to calculations by analysts at the Bruegel think tank in...

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20 April 2022
India's Crude Oil Production Drops By 2.6% In FY22

India's Crude Oil Production Drops By 2.6% In FY22

India's crude oil production has been on a decline during the past few years. From 35.7 million tonnes in 2017-18, it fell to 34.2 million tonnes in the...


18 April 2022
Wholesale Inflation Surges To Record High Of 14.5% In March

Wholesale Inflation Surges To Record High Of 14.5% In March

Inflation last month was 13.11 per cent, while wholesale inflation in March last year stood at 7.39 per cent.


17 April 2022
Government Freezes Gas Allocation, Prices Of CNG, PNG Spike

Government Freezes Gas Allocation, Prices Of CNG, PNG Spike

Despite a decision of the Union Cabinet to give 100 per cent gas supply under 'no cut' priority to the city gas distribution (CGD) sector, current supplies...


14 April 2022
Amazon Adds 5% 'Fuel And Inflation Surcharge' To Seller Fees

Amazon Adds 5% 'Fuel And Inflation Surcharge' To Seller Fees

The Seattle-based company said on its website that the added fees, which take effect April 28, are “subject to change” and will apply to both apparel and...


12 April 2022
Mumbai, Kandla Ports Clog As Oil Companies Clamour To Select Ports For LPG Imports

Mumbai, Kandla Ports Clog As Oil Companies Clamour To Select Ports For LPG Imports

The oil industry and the petroleum ministry have made a case for expanding the list of designated ports, but the finance ministry shot down the proposal.


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11 April 2022
India's Fuel Sales Hit Three-Year High In March Amid Soaring Petrol, Diesel Prices

India's Fuel Sales Hit Three-Year High In March Amid Soaring Petrol, Diesel Prices

The demand for petrol in FY22 was the highest ever while the diesel sales were the highest since 82.6 million tonnes of consumption in 2019-20.


10 April 2022
Government Spends Rs 90.9 Lakh Crore On Development, Social Sector Schemes In 8 Years

Government Spends Rs 90.9 Lakh Crore On Development, Social Sector Schemes In 8 Years

Citing an RBI report, sources said that the total developmental expenditure by the central government was a whopping Rs 90,89,233 crore (Rs 90.9 lakh crore)...


07 April 2022
CNG Price Hiked By Rs 2.50 Per Kg For Second Day In A Row In Delhi

CNG Price Hiked By Rs 2.50 Per Kg For Second Day In A Row In Delhi

CNG prices in Delhi have increased by Rs 12.48 per kg since March when city gas distributors started factoring in high international energy prices.


17 March 2022
India's Oil Demand Likely To Jump 8% In 2022

India's Oil Demand Likely To Jump 8% In 2022

India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth.


15 March 2022
42% Households Can’t Tolerate Another Hike In Fuel Prices: Survey

42% Households Can’t Tolerate Another Hike In Fuel Prices: Survey

Approximately 22 per cent of households said that they can tolerate a short-term increase in fuel prices without them having to cut discretionary spending,...


14 March 2022
India Considers Buying Russian Oil, Commodities At Discounted Price: Report

India Considers Buying Russian Oil, Commodities At Discounted Price: Report

As per the report, out of 80 per cent of India's oil imports, 2 to 3 per cent account from Russia currently. However, with soaring oil prices, India is...


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14 March 2022
Wholesale Inflation Surges To 13.11% In February

Wholesale Inflation Surges To 13.11% In February

As per the government data released on Monday, WPI inflation has remained in double digits for the 11th consecutive month beginning April 2021. 


10 March 2022
Reliance Sells CBM Gas For Over $23; HOEC Gets $25

Reliance Sells CBM Gas For Over $23; HOEC Gets $25

At the current Brent crude oil price of $115 per barrel, the base comes to $15.18 per mmBtu and adding $8.28 premium bid by state-owned gas utility GAIL and...


06 March 2022
Costlier Crude Oil Pushing Up Raw Materials Prices, Says JSPL MD

Costlier Crude Oil Pushing Up Raw Materials Prices, Says JSPL MD

As oil prices have gone up, freight rates of cargo ships, which currently stand at $20,000 a day, are likely to reach $30,000 per day.


06 March 2022
Government Working On 14 Critical Coal-Evacuation Rail Projects For Faster Transportation Of Fuel

Government Working On 14 Critical Coal-Evacuation Rail Projects For Faster Transportation Of Fuel

The projects include -- Tori-Shivpur Railway Line (on Deposit Basis), Jharsuguda-Barpali-Sardega Rail Link at Ib-Valley Coalfield of MCL in Odisha (on deposit...


04 March 2022
Rs 12 Hike In Petrol, Diesel Price Needed To Break-Even

Rs 12 Hike In Petrol, Diesel Price Needed To Break-Even

International crude oil prices shot above $120 a barrel for the first time in nine years on Thursday before retreating a little to $111 on Friday, but the gulf...


04 March 2022
SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

Major Indian oil companies such as ONGC, Oil India Limited (OIL), Indian Oil Corporation (IOC), and BPCL have invested in Russian energy projects, according to...


27 February 2022
IOC To Ramp Up LPG Output In North-East By 53% To 8 Crore Cylinders By 2030

IOC To Ramp Up LPG Output In North-East By 53% To 8 Crore Cylinders By 2030

IndianOil-AOD, the company's Northeast division, at present has an annual capacity to bottle 5.23 crore LPG cylinders at its nine planets, and the capacity...


27 February 2022
India's Oil Import Bill To Top $100 Billion In FY2021-22, Says Report

India's Oil Import Bill To Top $100 Billion In FY2021-22, Says Report

India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021.


27 February 2022
EXPLAINER: What Does Ukraine Invasion Mean For Energy Bills?

EXPLAINER: What Does Ukraine Invasion Mean For Energy Bills?

A barrel of U.S. benchmark crude oil shot past $100 Thursday after Russia invaded Ukraine. Natural gas prices also soared, even as operators say pipelines...


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