Thursday, January 27, 2022

Natural gas

Opinion: Why India cannot phase out coal

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...

Eight core sectors’ output skyrockets by 56.1% in April

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

More petroleum products produced in April despite lower demand

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 gas output rises 23% as RIL-BP fields start production

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.

14 firms bid for KG-D6 gas in e-auction

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.

Upstream producers continue to bleed as domestic gas prices remain low

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

No proposal to bring petroleum commodities under GST: FM

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

WPI inflation rises to 2.03 per cent in January

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

GAIL Q3 profit rises 19 per cent on uptick in petrochem margin

Net profit of Rs 1,487.33 crore, or Rs 3.30 a share, in October-December, was 19 per cent more than Rs 1,250.65 crore, or Rs 2.77 per share, in the same period a year back

GAIL bifurcation plan put on hold

GAIL is India's biggest natural gas marketing and trading firm and owns 60 per cent of the country's 26,284-km gas pipeline network, giving it a stranglehold on the market.

Include natural gas under GST: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel

Reliance, BP commit to pay for any shortfall in KG-D6 production to buyers

According to draft gas sales and purchase agreement (GSPA) Reliance and BP have shared along with price discovery bids for incremental gas from the R-Cluster fields in KG-D6 block

Eight core industries’ output contracts 2.6%

The production of eight core sectors had recorded a growth of 0.7 per cent in November 2019, data released by the commerce and industry ministry showed on Thursday.

India has set target of cutting carbon footprint by 30-35%: PM Modi

He made the statement while addressing the convocation ceremony of Pandit Deendayal Petroleum University (PDPU) here through video conference.

Eight core industries’ output contracts 0.8%

The production of eight core sectors had contracted 5.1 per cent in September 2019, data released by the Commerce and Industry Ministry showed on Thursday.

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