India-Bangladesh form LPG joint venture
Indian Oil’s Dubai unit IOC Middle East FZE and Beximco’s holding company RR Holdings Ltd, Ras Al Khaimah, UAE have signed an agreement for LPG business in Bangladesh, as per a statement by Indian Oil.
Companies in Northeast region are giving renewed thrust on enhanced oil recovery schemes: ONGC Executive Director
Malik, while speaking at a virtual platform on “Consultation on Hydrocarbon and Industries in North East of CII said, “However, there is ...
Petrol, diesel price hiked by 60 paisa per litre for second straight day
OMCs had on Sunday raised prices by 60 paisa per litre on both petro...
No going back on BPCL privatisation: Dharmendra Pradhan
"Whether the government is revisiting disinvestment of BPCL, my answer is very clear no. The government is very firm on one issue (that) government has no business to be in the business," he said.
Govt order to companies for stocking up 2 months' LPG supply in Kashmir sparks speculations
Describing the order as a "matter most urgent", the director asked the oil marketing companies to make adequate stocks of LPG which can last up to two months both at bottling plants as well as godowns.
Lockdown cuts petrol sales by 61%, diesel by 56% in April; LPG up 12%
Fuel sales have crashed as the nationwide lockdown has mostly kept people indoors, vehicles off the roads, planes grounded and factories silent. The 40-day lockdown, imposed by the government to fight the coronavirus pandemic, is expected to end on May 3 but its partial easing since April 20 slightly improved fuel demand.
Indian Oil Corp agrees to form joint venture with Beximco LPG to set up a terminal to import LPG in Bangladesh
The joint venture would begin with acquiring Beximco’s existing LPG assets in Bangladesh. “We intend to set up a large LPG terminal at a deep-water port in Bangladesh, which would facilitate receipt of LPG in Very Large Gas Carriers, leading to reduction in cost of imports.
LPG prices hiked for second consecutive month
Non-subsidised cooking gas LPG rates were increased by Re 1 to Rs 594 per 14.2-kg cylinder in the national capital. Prices were up by Rs 4 in other metros mostly because of different local sales tax or VAT rate.
Watch: Truck carrying LPG cylinders catches fire in J&K’s Udhampur
A truck carrying Liquefied Petroleum Gas (LPG) cylinders caught fire in J&K’s Udhampur district. The truck was on its way to Kashmir in Mant...
IndianOil steps up initiatives to augment LPG supply
The oil major has tied up with additional imports for April and May to the tune of over 50 per cent normal imports to ensure uninterrupted supply of bulk LPG. IndianOil is taking steps to increase LPG production in its major refineries by optimising operations, improving LPG yield in LPG producing units, IndianOil said in a statement.
The fuel that’s thriving amid the world’s biggest lockdown
LPG -- used for cooking at home in India and other Asian countries -- has avoided the collapse in consumption.
Subsidised cooking gas prices rise 20% in a year while crude oil falls 40%
Monthly increase in the net price for subsidised consumers and the recent collapse in global rates has helped end the subsidy. With kerosene subsidy already eliminated since March, the end of the subsidy on liquefied petroleum gas (LPG) is a relief for the government at a time its revenue collection is stressed by the impact of the pandemic on the economy.
India's fuel demand nearly halves in April amid lockdown
Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007.
Numaligarh Refinery awards Rs 300 cr expansion project to thyssenkrupp
According to the company, thyssenkrupp will provide engineering, procurement and construction management (EPCM) services for various units of the refinery located in Numaligarh
Indian Oil cuts capacity utilisation by 25-30% as fuel demand falls
"Upliftment of finished products from them in the last one week has helped up country bulk storage locations of the Corporation build up their stocks for future-readiness once the countrywide lockdown is lifted and the demand picks up again. The Corporation is keeping a close watch on global cues and the changing market scenario and initiating actions accordingly," Indian Oil said.
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