Petroleum

14 Results

  • Oil gives, doesn’t take

    Oil gives, doesn’t take

    To boost sales, an intelligent person in business attracts gullible customers with hefty rebates, say, an outright 50 or 70 per cent cut after sufficiently increasing the original price, even by 100 per cent or more. That is exactly how......

    November 24, 2017
  • The petroleum chimera

    The petroleum chimera

    Stung by the Opposition attack on the rising prices of petrol and diesel despite a drastic fall in global crude prices since 2014, the Finance Ministry has eventually reduced the Basic Excise Duty on these fuels by Rs 2 a......

    October 27, 2017
  • GST: Domestic LPG gets costlier, commercial LPG is cheaper

    GST: Domestic LPG gets costlier, commercial LPG is cheaper

    With all grades of liquefied petroleum gas (LPG) coming under GST, consumers in India will be paying more from this month for their cooking gas cylinders. While petroleum is not under the Goods and Services Tax (GST) that rolled out......

    July 3, 2017
  • Daily pan-India fuel pricing from Friday, dealers won't strike

    Daily pan-India fuel pricing from Friday, dealers won't strike

    The hurdles have been cleared for India to switch over from Friday to the daily pricing mode for transport fuels in line with global rates as petroleum dealers have withdrawn their call for closure of vends on June 16. The government agreed to......

    June 15, 2017
  • Qatar Petroleum says production not impacted by Gulf crisis

    Qatar Petroleum says production not impacted by Gulf crisis

    Qatar Petroleum says it has responded to a diplomatic crisis engulfing Qatar by mobilising to mitigate the impact any action could have on its energy supplies to customers around the world. More than a third of the world's liquefied natural......

    June 10, 2017
  • Govt to promote domestic gas, oil sector through purchase preference

    Govt to promote domestic gas, oil sector through purchase preference

    In a bid to promote the ‘Make in India’ drive, the Union Government has announced increasing the target of domestic procurement by public sector companies working in the oil and gas sector. The decision was taken at a meeting of......

    April 13, 2017
  • Cabinet approves local purchase preference policy for oil firms

    Cabinet approves local purchase preference policy for oil firms

    In a bid to promote manufacturing in India, the cabinet on Wednesday approved the domestic purchase preference policy for state-run oil firms that will allow domestic service or product providers to offer a higher bid and still be eligible for......

    April 12, 2017
  • Black sea in Chennai

    Black sea in Chennai

    Days after LGP carrier BW Maple and oil tanker Dawn Kanchipuram loaded with petroleum products, including lubricants, collided off the Ennore Port last Saturday, a thick layer of more than 20 tonnes of black fuel oil has spread over the......

    February 2, 2017
  • Oil & Gas sector bringing socio economic change: Pradhan

    Oil & Gas sector bringing socio economic change: Pradhan

    Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday said that oil and gas sector is emerging as a vehicle for socio-economic change in the country."Internationally, the hydrocarbon sector is witnessing unprecedented technological developments," the minister said at inauguration of......

    December 4, 2016
  • Pradhan holds auction roadshow in Aberdeen

    Pradhan holds auction roadshow in Aberdeen

    Petroleum Minister Dharmendra Pradhan was in Scotland's Aberdeen on the last leg of his roadshow abroad to woo foreign investors to India&’s small oil and gas fields. "Visiting Aberdeen, Scotland on shore of North Sea; it's known as Houston of......

    September 14, 2016
  • ‘India to increase share of gas in energy mix to 15%’

    ‘India to increase share of gas in energy mix to 15%’

     In a bid to move towards gas-based economy, India will increase proportion of natural gas in its energy mix from existing 6.5 per cent to 15 per cent, Union Petroleum Minister Dharmendra Pradhan said on Tuesday. "At present the (proportion......

    September 6, 2016
  • India will soon be zero petroleum import country: Gadkari

    India will soon be zero petroleum import country: Gadkari

    With the Centre focusing more on developing alternative fuel economy, India will soon stop importing petroleum products, Union Minister Nitin Gadkari said on Tuesday. "We are going to develop this country where our import of petroleum will be zero. We......

    September 6, 2016
  • India to carry petroleum products via Bangladesh

    India to carry petroleum products via Bangladesh

    The Indian Oil Corporation Limited (IOCL) will transport petroleum products from the Northeastern state of Assam to Tripura through Bangladesh from September 7, an official said here on Sunday. The official said the arrangement was due to the difficulties faced......

    September 4, 2016