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Crude story: Oil demand rises 1.8% during April-December
“Severe winters in northern India and agitations in some states have disrupted normal economic activities,” the oil ministry’s monthly consumption review report said on December consumption. Sharp drop in the sale of diesel-fuelled vehicles, extended rain and preference for petrol vehicles weighed on diesel demand during the financial year, according to the report.
Interministerial talks on gas sector reforms begin
The petroleum and natural gas ministry has begun interministerial consultations on its pro...
OMCs, upstream firms may see re-rating in 2020: UBS
Refining margins are likely to recover due to International Maritime Organisation norms 2...
Politics meaningless without religion: J P Nadda
Whenever opponents tried to stop Prime Minister Narendra Modi by spreading negativity, the PM surged ahead with more energy and took everyone along for development, Nadda said.
Hike in rail fares, price of LPG cylinders will put common man into deeper financial crisis: Congress
The Congress on Wednesday slammed the Modi government over the hike in railway fares and the price of LPG cylinders, saying it will put the common man into a deeper financial crisis.
ATF cost up 2.6%; non-subsidised LPG price hiked by Rs 19
The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector. This is the fifth straight monthly increase in cooking gas prices since September 2019. In all, non-subsidised cooking gas prices have gone up by Rs 139.50 per cylinder in the last five months.
Hikes in rail fare, prices of LPG cylinders, Modi govt's new year gift to people: CPI(M)
CPI(M) general secretary Sitaram Yechury on Wednesday slammed the government over the hike in train fares and the increase in cost of LPG cylinders.
Infra players pitch for captive renewable energy policy, exemption from cross subsidy charges
The infrastructure companies raised these issues during a pre-budget consultation with Finance Minister Sitharaman and top officials from finance, new & renewable, road transport and environment ministries. They also asked to make finance available for real estate and affordable housing to boost consumption of cement and other inputs like steel.
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.
Full Text: RBI keeps powder dry, maintains status quo; here's why
Overall liquidity in the system remained in surplus in October and November 2019, MPC said.
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.
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 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.
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.
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.
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