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| 09 August, 2020, 02:08 AM IST | E-Paper
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    Oil & Gas

    Total and Adani group to apply for petrol pump licence in India

    Total-Adani Fuels Marketing Ltd will apply for licences to offer the full bouquet of auto fuels at retail outlets, Adani Gas CEO Suresh Manglani said in first-quarter earnings call.

    Assam well fire: Oil India objects to committee's report in NGT

    Oil India Ltd has objected before the National Green Tribunal to a preliminary report filed by a committee of experts on the fire incident in Assam's Baghjan oil well saying it is based on desk research and review of secondary data.

    India's fuel demand may take 6-9 months to reach normal levels: IOC

    India's fuel demand may take 6 to 9 months to rebound to normal levels as several states impose lockdown to curb the spread of coronavirus, Indian Oil Corp (IOC) Director-Finance S K Gupta said on Tuesday.

    Minimum Rs 500 crore net worth must for licence to sell petrol, diesel to retail, bulk users

    Last year, the government had relaxed norms for retailing of auto fuels, allowing non-oil companies to venture into the business - a move that could help private and foreign firms to enter the world's fastest-growing market.

    New wave of lockdowns takes toll on diesel sales, puts spoke in India's recovery wheel

    Indian Oil Corp., the country’s biggest refiner, said on Friday that it had slashed throughput at its plants to 75% from 93% in the first week of July and that it doesn’t see activity increasing soon.

    Demand for diesel declines 12.5% over the previous month, petrol 1% lower in July

    Sale of aviation turbine fuel (ATF) rose 3.8% in July from a month earlier but was down 65% from the July of 2019 due to the absence of international flights and limited domestic operations. Sales of liquefied petroleum gas, used mainly as cooking fuel in India, rose 10% month-on-month and were up 3.4% year-on-year.

    Fuel demand recovery falters in July amid record Covid cases, lockdowns, high prices

    Demand for diesel in July dropped 12.5% over June, halting a swift recovery witnessed in May and June. Petrol sales in July also fell 1% compared to June.

    India's June crude oil imports slip to lowest levels in over five years, exports dip too

    Crude oil imports last month dropped about 19% from a year earlier to 13.68 million tonnes, down for a third straight month, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed.

    Move to cap Baghjan gas well unsuccessful after Athey Wagon topples over during operation

    OIL India Limited (OIL) stated all operational crew reached site early for carrying out the planned capping operation. BOP stack was hooked up with the Athey Wagon for placing on the well head.

    Indian Oil Corp to continue to operate its refineries below capacity in 2020/21

    Indian Oil Corp Chairman S. M. Vaidya said refinery runs have declined to about 75% from 93% in early July on low fuel demand. He said the operations are expected to remain at 70%-75% for the remainder of the fiscal year through March 2021.

    Domestic oil demand wouldn't return to normal in the near future: Indian Oil Chairman

    Domestic oil demand wouldn't return to normal in the near future: Indian Oil Chairman

    Indian Oil sold 16.5 million tonnes of products, including exports, during the first quarter. The refining throughput was 12.9 million tonnes and the pipeline throughput was 15 million tonnes.

    Diesel price dips by Rs 8.36 per litre: CM Arvind Kejriwal

    Diesel price dips by Rs 8.36 per litre: CM Arvind Kejriwal

    Delhi Chief Minister Arvind Kejriwal on July 30 announced a drop in diesel prices in the national capital. He said, “Delhi Cabinet has decided to reduce VAT on diesel from 30% to 16.75%. This will reduce price of diesel in Delhi from Rs 82 to Rs 73.64 that is by Rs 8.36 per litre.” He further said, “Multiple requests were coming in from business men and common man that spike in diesel price has adversely affected the household budgets therefore I believe that this decision will help in giving a push to the economy of Delhi.”

    Diesel to get cheaper in Delhi as state Cabinet reduces VAT

    Diesel to get cheaper in Delhi as state Cabinet reduces VAT

    In the Cabinet meeting chaired by chief minister Arvind Kejriwal, it was decided to reduce the VAT on diesel from 30% to 16.75%. The reduction will bring down diesel prices in Delhi to Rs 73.64 from Rs 82, the chief minister said.

    This is how companies are reacting to unified tariff proposal for gas pipelines

    This is how companies are reacting to unified tariff proposal for gas pipelines

    Indian Oil and several other companies and industry bodies have reacted to the regulator’s proposal of a unified tariff.

    Government extends bid submission deadline for stake in Bharat Petroleum to September 30

    Government extends bid submission deadline for stake in Bharat Petroleum to September 30

    Government has decided to extend the last date for submission of EOI for BPCL strategic disinvestment to 30th September 2020," Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM) said on Twitter.

    Praj Industries and Automotive Research Association of India sign MoU for biofuels

    Praj Industries and Automotive Research Association of India sign MoU for biofuels

    Praj and ARAI will jointly address technologies to propagate use of biofuels in variety of applications including usage in internal combustion engines (ICE) in the transportation sector.

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