"natural-gas"

A government panel supported by the Petroleum and Natural Gas Regulatory Board recommended removing excise duty on CNG and reducing GST on vehicles to boost adoption, supporting India’s goal of increasing natural gas share to 15% by 2030

The National Stock Exchange (NSE) has partnered with Indian Gas Exchange Ltd to launch natural gas futures based on the Gas IndeX of India (GIXI), providing transparent risk management and enhancing liquidity in India’s domestic gas market

The government has invoked the Essential Commodities Act to ensure uninterrupted LPG supply as hotels and restaurants report shortages. To prevent hoarding, the minimum waiting period for LPG cylinder refills has been extended from 21 to 25 days amid panic buying triggered by Middle East tensions.

Telangana’s first dedicated commercial and industrial LPG and Natural Gas systems and solutions ‘Pune Gas Experience Centre’ was launched by Pune Gas in Hyderabad

Over the last decade, the government has brought several reforms including a landmark shift from "production sharing" regime to "revenue sharing" regime for awarding contracts, simplified processes and reduced regulatory burden to promote exploration and production of oil and gas in India.

Sizzling daytime temperatures that triggered cases of heat stroke in parts of United States were 35 times more likely and 2.5 degrees hotter

Through duty cuts, the government has foregone revenue to the tune of Rs 2.2 lakh crore, he said.

In order for all companies to start work on exploration and production, Union Petroleum and natural gas secretary Pankaj Jain requested that the chief secretary take action to restore the Petroleum Mining Leases (PML).

As a result, energy company revenues have increased from about 15 billion pound in 2019 to roughly double in 2021 and likely to over 50 billion pound in 2022.

By Dr Oruganty Prasada Rao The buzzword the world over nowadays is ‘phase-out coal’. The idea is to limit the rise in global temperature to 2 degrees Celsius, preferably 1.5 degrees Celsius, compared with pre-industrial levels, as per the Paris agreement on climate change. What is wrong with coal Coal is a fossil fuel like […]

New Delhi: The Oil Ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of […]

New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a USD 3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produces, while Reliance Industries may get USD 1.5 billion (Rs 11,500 crore) more in revenue, a report […]

By Dr Oruganty Prasada Rao In the recently concluded climate change summit COP26, India and China called for phase-down instead of phase-out of coal in the final text of the conference declaration. The reasons for it are: Energy Resources: India is endowed with large reserves of coal, which can last for over 200 years at […]

According to the commerce and industry ministry data, production of natural gas, refinery products jumped by 25 per cent, 30.9 per cent, respectively.

Production of petroleum products by Fractionators during April, 2021 was 365.89 TMT which is 5.08 per cent higher than the target for the month.

India's crude oil production, however, slipped 2 per cent to 2.49 million tonnes as state-owned ONGC and Oil India Ltd (OIL) produced less.

Reliance Industries Ltd and its partner BP Plc of the UK, had offered 5.5 million standard cubic meters per day of additional gas in the auction.

The agency cited that low prices may be unfavourable for domestic producers, it will benefit gas consumers.

This meant that the central government continued to levy excise duty, while state governments charged VAT.

The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year. While food articles saw softening in inflation