Refills under Ujjwala scheme too low, says CAG report
Low consumption of refills by about nine million consumers who had taken loans hindered the recovery of Rs 1,234.7 crore worth of loans, the report said. It also flagged the risk of illegal diversion of subsidised cylinder as there were 344,000 instances of 2-40 refills in a single day by a beneficiary having a single cylinder connection.
India's fuel demand growth hits near 2-yr high in November
Consumption of refined fuels, a proxy for oil demand in Asia's third largest econo...
Full Text: RBI keeps powder dry, maintains status quo; here's why
Overall liquidity in the system remained in surplus in October and November...
Tata Motors to shed 140 models in shift to BS-VI
In the run-up to the new Bharat Stage VI emission norms, that are due to kick in by April 2020, Tata Motos is looking to shed 120-140 models.
Doubling auto LPG fleet to result in USD 59 bn social, economic and environmental benefits: Study
A new analysis estimates that doubling the global fleet of vehicles run on auto LPG by 2040 can yield Euro 54 billion or USD 59 billion of social, economic and environmental benefits from cleaner air. The results of the analysis were discussed at a global conference of the LPG industry held in Amsterdam recently where experts underlined the potential for LPG.
NGC Energy, Petredec to set up Rs 400-crore LPG terminal
NGC Energy India, a joint venture between Oman-based National Gas Company and Singapore-headquartered Petredec, will jointly set up a liquified petroleum gas import and storage terminal at Krishnapatnam Port. National Gas Company signed a definitive agreement to transfer 40 per cent of its shares to Petredec in September this year.
India to see $100 billion energy investment by 2024: Dharmendra Pradhan
"India will see an investment of USD 100 billion by 2024 in oil refining, pipelines, city gas distribution networks, and LNG terminals. Of this, USD 60 billion will flow into the creation of gas infrastructures such as pipelines, city gas networks, and import terminals," the petroleum minister said while speaking at KPMG's Enrich 2019 conference.
BPCL privatisation could result in reassessment of govt-oil cos linkages: Ind-Ra
BPCL's stake sale is part of the govt's disinvestment target of Rs 1.05 lakh crore, which also includes divestment of other state-owned companies such as Shipping Corp of India (SCI), THDC India Ltd and NE Electric Power Corp Ltd, and a 30% stake sale in Container Corp of India. Ind-Ra said it would also assess the ability of the OMCs to maintain pricing freedom.
India signs pact with Bangladesh for LPG import
The pacts were signed after detailed talks between Modi and visiting Bangladesh Prime Minister Sheikh Hasina here. The other two pacts relate to vocational training and setting up of a social facility in Bangladesh.
India to chart its own course of energy transition: Dharmendra Pradhan
Given its huge energy appetite and growth potential, India will be the key driver of global energy demand in the coming decades, the minister said.
Oil marketing companies told to cancel Rs 5,000 crore tender for buying LPG cylinders
Govt's order follows detection of many anomalies in the buying process.
India, Bangladesh sign seven pacts after Modi-Hasina talks
One of the projects included the import of LPG from Bangladesh for distribution in northeastern states.
Auto LPG body seeks GST cut, level playing field to spur usage
The Indian Auto LPG Coalition (IAC) wants the government to treat auto LPG at par with any other clean fuel like CNG.
Diesel demand falls 7.4% in October partly due to economic slowdown
Accounting for a share of 40% of the country's total oil requirement, demand for diesel has reported to plunge 7.4% in October from a year ago which is the biggest monthly fall in three years. Economic slump, extended monsoon, auto sector slowdown, preference for petrol vehicles are some factors behind the downfall in demand for diesel.
Petrol price jumps by Rs 1.59/litre, diesel by Rs 1.31/litre after Saudi attacks
Petrol price was on Sunday hiked by 27 paise to Rs 73.62 a litre in the Delhi market -- the benchmark for national rates, according to a price notification by state-owned oil firms.
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