As per reports from Zee Business, the government is committed to the divestment process of Bharat Petroleum Corporation Limited (BPCL) and it will be completed by the end of 2020, said top government sources. The government is planning a strategic disinvestment of its entire shareholding in BPCL, one of India’s largest oil refinery. This comprises…
The Bharatiya Janata Party-led government at the Centre is pushing for a new set of Environment Impact Assessment (EIA) norms for development projects amid the nationwide lockdown triggered by the COVID-19 pandemic. The draft EIA Notification 2020 has been widely criticised by independent experts and activists terming it ‘pro-industry’ and ‘anti-people’. In Assam, activists, civil…
Shares of Bharat Petroleum Corporation (BPCL) tanked up to 6.4 per cent to Rs 391 apiece on the BSE on Tuesday after media reports said the divestment of government’s stake in the oil marketing company is unlikely to fructify in the current financial year. The stock, however, pared losses later to trade 1.74 per cent…
India’s Ministry of Petroleum and Natural Gas on Tuesday notified liberalised guidelines for bulk and retail marketing of petrol and diesel, offering new opportunities for foreign oil companies, including those in the Gulf, to enter this lucrative energy business. India is one of the biggest markets in the world for petrol and diesel with retail…
The government on Tuesday said any entity with a net worth of at least Rs 500 crore is eligible for obtaining the liberalised licence to sell petrol and diesel to retail and bulk consumers. Clarifying on the November 2019 liberalised fuel licensing regime, the Ministry of Petroleum and Natural Gas said any entity with a…
New Delhi: Oil Minister Dharmendra Pradhan on Tuesday tested positive for coronavirus and has been admitted to Medanta Hospital. In a tweet, Pradhan said he has been admitted to hospital after testing positive of COVID-19. Pradhan, 51, had developed COVID-like symptoms on Monday and was tested on Tuesday. “After seeing symptoms of COVID-19, I got…
Guwahati: An attempt to cap OIL’s damaged gas well at Baghjan in Assam which has been spewing gas for 66 days failed on Friday. The wagon which was used to put a lid on its mouth gave in and toppled over, the company said. The reasons for the failure of the capping operation are being…
The Committee on public undertakings has selected the Airports Authority of India (AAI), Hindustan Aeronautics Limited (HAL), Oil India Ltd, among others, for examination during the year 2020-21, according to a release by the Lok Sabha secretariat. The Committee on Public Undertakings met on July 29 and selected 11 subjects for a comprehensive examination. This…
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. Diesel and petrol sales are down 21% and 11%, respectively, in July from a year earlier, according to industry executives. The figures are for sales by state-run…
Major players in the natural gas sector have raised objections to the government’s proposal to implement a unified gas transport tariff for integrated gas transportation networks, including a network of seven GAIL pipelines and a network of two Gujarat State Petronet Ltd pipelines. The proposal by the Petroleum and Natural Gas Regulatory Board (PNGRB) is…
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