HPCL clean fuel project cleared
Hindustan Petroleum Corporation Ltd (HPCL) has recieved clearance from the Andhara Pradesh Pollution Control Board for taking up the Clean Fuel Project at the Visakhapatnam Refinery. HPCL will be
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Refinery may hit wildlife
Hectic Parleys Begin Jaisalmer: The habitats of thousands of chinkaras, cobras, desert fox, cats and other beasts are likely to be severely affected if the proposed refinery is set up in Lelana area of Barmer, according to the forest department. The HPCL, which will set up the refinery, will be sending a special team to study the eco system of the area in December and prepare a report for the Centre.
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Will provide only 6 subsidised cylinders in all states: OMCs
The 3 govt-owned OMCs-IndianOil, BPCL and HPCL-together meet the country's entire LPG cylinder demand After consumers exhaust the year’s quota of six subsidised liquefied petroleum gas (LPG) cylinders announced by the Union government, oil marketing companies (OMCs) would charge them at the market rate for additional cylinders. This is despite several Congress-ruled states saying they would provide three additional subsidised cylinders. For these states, OMCs want the price differential for the cylinders to be transferred directly to consumers.
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Reddy seeks immediate rise in diesel, kerosene and LPG prices
Petroleum minister S Jaipal Reddy has sought an immediate rise in the prices of diesel, kerosene and domestic liquefied petroleum gas (LPG). The empowered group of ministers on fuel pricing was likely to meet soon, he said today. The finance minister Pranab Mukherjee-headed group was first supposed to meet on May 11, immediately after the end of West Bengal Assembly elections.
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SC notice to PNGRB over pipeline project to GSPL-led consortium
The Supreme Court has issued notice to Petroleum and Natural Gas Regulatory Board (PNGRB) while admitting an appeal of GAIL (India) Limited challenging the award of Rs 7,000-crore Mallavaram-Bhilwara-Vijaipur gas pipeline project to a consortium led by state-run Gujarat State Petronet Limited (GSPL). A bench headed by Justice TS Thakur on Monday, however, declined to grant stay on the work of the over 1,500 km long pipeline project.
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Mysore LPG consumers to get subsidy directly
The Unique Identification Authority of India (UIDAI) will take up the implementation of the innovative direct transfer of subsidy scheme on a pilot basis in Mysore from the second week of this month. The UIDAI has informed all banks that it will start crediting the subsidy amount to the beneficiaries’ bank accounts online with respect to 30 LPG distributors in Mysore city, Chairperson of the State-Level Bankers’ Committee M G Sanghvi said here on Wednesday.
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Petroleum ministry taps finmin for R40,000 cr cash subsidy for FY12
New Delhi The Petroleum ministry has sought an additional R40,000 crore in cash subsidies for the current fiscal to compensate fuel retailers for losses incurred on diesel and cooking fuels, even as oil minister S Jaipal Reddy gave no indication of a fuel price revision soon. Oil secretary GC Chaturvedi said state-owned fuel retailers are projected to lose close to R137,524 crore on selling diesel, domestic LPG and kerosene this fiscal.
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RIL, Essar take fuel battle against OMCs to tribunal
Forced to scale down petroleum retail operations, Reliance Industries Ltd and Essar have taken their predatory pricing complaint against government oil marketing companies (OMCs) to the Appellate Tribunal for Electricity. In July, the PNGRB (petroleum and natural gas regulatory board) had dismissed a plea of these private fuel retailers against government oil marketing companies. Though the two companies are pursuing the case, Shell India has decided to withdraw.
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Ten blocks under NELP IX face the axe
Empowered Committee of Secretaries clears 14 blocks to the first ranked/single bidder A total of ten blocks offered under the New Exploration Licensing Policy (NELP) IX face the axe as the Empowered
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Govt mulls cooking gas subsidy cut, partial decontrol of diesel
Bangalore: The government is close to taking a decision on capping the number of subsidized LPG cylinders to “econonomically not weaker” sections to bring down the subsidies by up to Rs 10,000 crore annually,
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Petrol prices cut by up to R3.22/litre
New Delhi The sharp fall in petrol prices in Asian markets paved the way for oil marketing companies to reduce petrol prices by R2.46 per litre to R3.22 per litre to provide a much needed relief to consumers. This is the second consecutive price cut by the oil marketing companies — IOC, HPCL and BPCL — after the steepest petrol hike ever on May 24 by R7.54 per litre.
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Oil companies told to explain petrol price hike
The Bombay high court on Wednesday directed the Ministry of Oil and Natural Gas and three oil companies to file an affidavit explaining the reasons for the recent price hike of petrol by Rs7.50 per litre.
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Oil cos rule out immediate rollback
New Delhi State-owned fuel marketers IOC, HPCL and BPCL on Thursday ruled out an immediate rollback of the steepest petrol price increase of R7.5-R8 a litre from Thursday night but conceded that if the government instructs them to cut prices, they have no other go but to follow their majority shareholder. They also indicated that if petrol price falls in world markets or rupee strengthens against the dollar this fortnight, the resultant gain shall be passed on to the consumer by way of a price cut.
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Suzlon wind capacity at Jaisalmer crosses 1GWs
Suzlon Group said the installed wind capacity at Jaisalmer Wind Park in Rajasthan had crossed 1,000 MW. The park comprises a cluster of wind farm sites within the Jaisalmer district, including Amarsagar,
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Fuel price hike may come this June, too
June may turn out to be the luckiest month for government oil marketing companies for the third year in a row. Like the last two years, this June is also expected to see a round of price hikes in controlled
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PM to inaugurate Rs 21,500-cr refinery near Bhatinda tomorrow
The Rs 21,500-crore Guru Gobind Singh Refinery near Bathinda — the largest investment Punjab has seen since Independence — will formally be inaugurated by Prime Minister Manmohan Singh on April 28. While
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Order of the Supreme Court of India regarding industrial pollution in and around Ambapada and Mahul, Mumbai, Maharashtra, 14/08/2020
<p>Order of the Supreme Court of India in the matter of Aegis Logistics Limited Vs Charudatt Pandurang Koli & Others dated 14/08/2020.</p> <p>The present application in the SC is related to the National
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Oil refining capacity to grow 43%
NEW DELHI, 22 APRIL: India's oil refining capacity will rise by more than 43 per cent to 310 million tons a year by March 2017 from the current capacity of 216 million tons, oil secretary Mr GC Chaturvedi
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Petrol price hike can't wait any longer: OMCs
‘Or cut excise duty and compensate our loss' Fed up with the Centre's “indecision” on allowing an increase in fuel prices in the face of rising international crude prices, the oil marketing companies (OMCs) on Tuesday virtually threatened to increase petrol prices by Rs. 8.04 a litre. They said the government should either cut the excise duty on petrol and give them Rs. 49 crore a day in compensation or face a sharp price hike.
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Power crisis drives diesel demand up 8 % in 2011-12
Power cut-induced surge in demand during the second half of 2011-12 in both retail and bulk consumer segments pushed up diesel sales in the country by eight per cent over the previous fiscal. For the state-owned oil marketing companies, however, there was little to cheer as the growth only added to the mounting under-recoveries. Oil companies put the under-recovery at Rs.14 for every litre sold by them.