Former Rajasthan chief minister Ashok Gehlot has urged the state and central governments to complete the Barmery refinery-cum-petrochemical project on time. He noted that 79 per cent of the work
The Indian government aims to have liquefied natural gas (LNG) power a third of the country’s long-haul heavy-duty vehicle fleet within 5-7 years, with plans to use domestic gas for
Continue readingAim to shift a third of trucks to LNG in 5-7 Years: Oil Ministry
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd.
CBG prices, which are linked to the retail rates of compressed natural gas (CNG), have fallen about 12% in the past year and a half to Rs 1,290 per mmbtu
Continue readingCompressed biogas price mechanism to be tweaked
OPEC+ has decided to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months. The group, which includes OPEC and allies
Continue readingOPEC+ agrees to delay October oil output hike for two months
The Punjab Cabinet has approved an increase in value-added tax on petrol and diesel by 61 paise and 92 paise per litre, respectively. This decision, made during a meeting chaired
Continue readingFuel prices to go up in Punjab as VAT on petrol, diesel hiked
Chinese and Indian diesel markets are showing signs of a slowdown, potentially leading to weaker crude oil prices. In China, diesel demand is contracting, while in India, consumption growth has
Continue readingDiesel dilemma: Demand drop in India and China puts pressure on crude oil prices
Oil prices have fallen to their lowest since January, improving profitability for fuel marketing companies and potentially allowing for a reduction in pump rates ahead of Maharashtra and Haryana assembly
The Mizoram government has increased petrol and diesel prices by Rs 4 per litre from September 1. The hike includes a new levy for social infrastructure and road maintenance. Despite
Continue readingMizoram govt hikes petrol, diesel prices for social infrastructure, road maintenance
IndianOil has set a new benchmark by blending 23.24 crore liters of biodiesel with regular diesel, achieving a 0.49 percent blending ratio. The company also reached over 15 percent ethanol