Oil marketing companies plan to raise petrol rates by Rs 5 a litre from next month when they meet on Saturday for fuel price review provided they secure the oil ministry’s informal nod.
Bathinda refinery commissioned raising hope for more JVs between LN Mittal Group and state oil firms.
Dabhol LNG terminal will start functioning in less than 2 weeks as it has received the first cargo of 138,000 mn standard cubic meter of LNG.
Natural gas from Turkmenistan would be delivered to India at an estimated price of about $10 per unit, including $3 as transportation charges and transit fee.
Govt is considering changing profit-sharing mechanism before launching the next bidding round of oil and gas blocks in line with the Comptroller & Auditor General (CAG)
Gas output from Reliance-operated D6 block has dropped to 34.62 million standard cubic meters per day from 35.57 mmscmd in February.
State-run Gail is keen to sign gas supply contract with Karnataka government as it has required infrastructure, a company official said.
State refiners are preparing to raise petrol prices next month if they are not compensated for selling the fuel below market rates for political reasons.
Oilmin says RIL followed correct bid procedure; Oil major to produce 3.5 mmscmd from MP blocks.
PM said on Friday that the government had initiated gas pricing policy reforms to incentivize production of natural gas raising hope for Reliance Industries.
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