Reliance Infrastructure has bagged Rs 2,676 crore-expressway project connecting Faridabad, Noida, Ghaziabad and Sonepat.
Pipelines are ready to supply gas from the basin to 20 existing gas-based fertiliser plants as per the govt’s gas utilisation policy.
Govt will allow IOC, BPCL and HPCL- to earn additional profits on petrol and diesel for some more time before evolving a new mechanism to offset their losses on retail sales of kerosene and cooking gas.
Gail India has introduced a service charge of Rs 110 per thousand standard cubic metre for distributing gas produced by government-owned companies.
OVL has a chance to save around $1 billion in the $2.1-billion deal for acquiring the UK-listed Imperial Energy.
Prices of petrol and diesel will soon be deregulated under plans being considered at the highest levels in the government and could result in consumers paying less at the pump, as prices reflect the recent steep fall in international oil prices.
Companies will earn Rs 14.89/ litre on petrol, Rs 3.03/ litre on diesel from December 1.
Public sector oil marketing companies — Indianoil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) — will be forced to reduce petrol and diesel prices irrespective of political pressure.
The government is not in favour of allowing the company to sell fuel in the domestic market from its export-oriented unit (EoU) without paying duties.
The government is of the opinion that the approved price of $4.20 per mn British thermal unit (mmbtu) is the final selling price for the gas discovered in the Krishna Godavari basin, off the east coast of Andra Pradesh.
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