New Delhi: Petrol and prices in the country have fallen sharply again even though global oil prices rebounded and rose over $43 a barrel marking its fifth consecutive day of rise. On Friday, the pump prices of petrol and diesel fell by 26 and 35 paisa per litre, respectively in the national capital making it Read more

Amaravati: The state government is planning a comprehensive survey to provide required infrastructure to industries in the state.Industries minister Mekapati Gautham Reddy said the survey will identify the shortcomings in the management of the industries and suggest the remedies. Speaking to reporters at APIIC office on Thursday, Mekapati said that Union commerce minister Piyush Goyal Read more

Washington: The strategic energy partnership between India and America has taken deep roots in a short span of time, India’s top diplomat to the US has said, asserting that this cooperation can energise the economic recovery of both the countries. The US remains a critical partner for India in meeting the development aspirations of 1.3 Read more

Singapore — The increase in tax on natural gas in Andhra Pradesh, a key state in India where domestic gas produced from the Krishna Godavari basin is sold, would make domestic gas less competitive for end-buyers and pose a challenge in the central government’s bold ambition to raise gas’s share in the energy mix to Read more

An investment of ₹4.74-lakh crore is required to achieve the balance renewable energy capacity addition target of 86 gigawatt (GW) by March 2022.Responding to questions in the Lok Sabha, RK Singh, Minister of State (Independent Charge) for Power and New and Renewable Energy, said a cumulative renewable energy capacity of 88,793.39 MW has been installed Read more

NEW DELHI – The West Indian Sugar Mills Association has written to the food ministry for permission to use maize as a feedstock for ethanol production when there is shortage of sugarcane due to drought, an industry source said. “WISMA, Maharashtra has written in support of this to the food ministry saying that in years Read more

A statement from the Associated Chambers of Commerce and Industry of India (Assocham) quoting Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas, said, “The Petroleum Ministry will also provide whatever relief such as extending timelines, try and reduce penalties wherever possible and take other such measures.” Kapoor was speaking at a webinar organised by Read more

The world’s third-largest oil importer, India, will be the biggest source of energy demand growth through 2050 in any scenario about government policies about the energy transition. However, India may not be as key a driver of global oil demand growth as previously thought. This was one of the messages in the BP Energy Outlook Read more

Mumbai, Sep 16 (PTI) The proposed amendment in the Electricity Act 2003 providing subsidy on power to farmers through direct benefit of transfer may not be practically possible, say experts. In the draft amendment, the power ministry has proposed to initiate direct benefit transfers (DBT) in the power sector by making payment of the subsidy Read more

NEW DELHI : India’s Oil and Natural Gas Corp (ONGC) has exited from Sudan oilfields after the African nation refused to pay for oil it lifted from the fields.ONGC Videsh Ltd (OVL), the overseas investment arm of the state-owned firm, as also its Chinese partner CNPC and Malaysia’s Petronas have withdrawn from the block, a Read more

New Delhi: Petrol sales have fully recovered to pre-Covid level and diesel is down just about 6 per cent in the first half of September from a year earlier, signalling people and industry were eager to get on with their lives despite a record jump in infection rates. In the first fortnight of September, petrol Read more

16 Sept 2020-New Delhi: India will be the largest source of demand growth for energy by 2050, supermajor BP Plc said on Monday, as it saw an end to the relentless growth of oil globally. In its annual Energy Outlook 2020, BP said global oil consumption may never return to levels seen before the coronavirus Read more

16 Sept 2020-New Delhi: The National Green Tribunal Tuesday directed the state pollution control boards to ensure scientific disposal of hazardous waste by oil refineries. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel noted that disposal method and quantity is not defined clearly about a category of spent catalysts (Oxide), which is a Read more

16 Sept 2020-Gandhinagar: The Gujarat Chief Minister Vijay Rupani on Tuesday said Bhavnagar will become the first Compressed Natural Gas (CNG) terminal in the world, as the government has given its sanction to the Rs 1,900 crore brownfield project.The terminal will have a capacity of 15 lakh tons annually. He said the state government has Read more

16 Sept 20-Sale-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in their Madhya Pradesh joint venture, the Bharat Oman Refineries Ltd (BORL). Government sources said that BORL became a subsidiary of BPCL in March this year and the next step now is to Read more