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Natural gas News

17 Sep 2024

India's Wholesale Price Inflation Eases To 4-Month Low Of 1.31% In Aug

The annual rate of inflation based on WPI Food Index decreased from 3.55 per cent in July to 3.26 per cent in August, as per data from Ministry of Commerce and Industry.

14 Jun 2024

GAIL Launches ‘Waah Kya Energy Hai’ Campaign To Promote Clean Fuel

A witty and emotional delivery of the story line and character arcs of the Mishra family makes their stories relatable, engaging the viewers.

07 Apr 2023

CNG, Piped Cooking Gas To Cost 10% --Here's Why

Rates of piped cooking gas, called PNG, and CNG have jumped 80 per cent in one year to August 2022. This follows a spurt in international energy prices.

06 Apr 2023

Union Cabinet Caps Rates To Rein-In CNG, Piped Cooking Gas Prices

The Union Cabinet on Thursday approved a new formula for the pricing of natural gas A cap or ceiling price was imposed to rein in runaway prices of CNG and piped cooking gas

25 Jan 2023

Cold Wave: Chinese Residents Suffer Amid Natural Gas Shortage

There is a shortage of natural gas amid the cold wave in China It is making the winter chillier and unbearable for the residents

17 Apr 2022

Oil Ministry freezes gas allocation, prices of CNG, PNG spike: Report

The halt has led to a hike in CNG and piped cooking gas prices to record levels. Current supplies have been maintained at March 2021 demand level, report said.

26 Jan 2022

Bring natural gas under GST to realise vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST. Existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. VAT rate on natural gas is very high in some states.

Indian Oil Corp

16 Jan 2022

Indian Oil to invest $944 million on gas sales network in nine new areas

The new licences awarded to IOC relate to major districts of some states. The company is already working on gas sales projects worth 200 billion rupees.

30 Sep 2021

CNG costlier? Rates can go up by 11% as Centre hikes gas price by 62%

Natural gas is also used to make fertilisers and turned into CNG. As a result, CNG prices could increase soon. CNG prices could increase by 10-11%.

Core industries growth

26 Feb 2021

Eight core industries output grew 0.1 per cent in January 2021

The core sectors had expanded by 2.2 per cent in January 2020 Coal, crude oil, natural gas, refinery products, and cement recorded negative growth in January. The output of fertiliser, steel and electricity in January grew by 2.7 per cent, 2.6 per cent and 5.1 per cent.

Cabinet Committee on Economic Affairs

07 Oct 2020

Cabinet approves Natural Gas Marketing Reforms

Policy to grant marketing freedom to the Field Development Plans. Reforms to be build on a series of transformative reforms. Reforms in gas sector to further deepen and spur the economic activities.

06 Jun 2019

India's green vision to see full duty exemption on LNG

Petroleum Ministry officials said they are hopeful that this cut would be included in the Union Budget 2019-20 proposals to be presented in Parliament this July. The matter has already been discussed with the Finance Ministry.

29 Mar 2019

CNG, piped cooking gas prices to go up as natural gas prices to rise by 10%

Natural gas prices are set every six months - on April 1 and October 1 every year - based on average rates in gas-surplus nations such as the US, Russia and Canada.

05 Jan 2018

US to lift ban on offshore drilling off the coasts of Florida, California

US President Donald Trump`s administration has announced plans to roll back a ban on new offshore drilling off the coasts of Florida and California and was considering over 40 sites for leasing of natural gas and oil production, the media reported.

Dharmendra Pradhan

28 Nov 2017

Dharmendra Pradhan pitches for including gas in GST

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

Dharmendra Pradhan

21 Nov 2017

Dharmendra Pradhan asks Oil PSUs to boost gas supplies to states

India consumed 14 million tonnes (MT) of pet coke during April-October 2017, marginally lower than 14.9 MT used in same period of last fiscal. Of the fuel consumed, only 8 MT was produced locally and the rest was imported.

natural gas price hike

29 Sep 2017

Govt raises natural gas price by 16.5% to $2.89 mmBtu

The government also hiked the cap price based on alternate fuels for undeveloped gas finds in difficult areas like deepsea which are unviable to develop as per the existing pricing formula.

20 Sep 2017

ONGC strikes 'good' offshore oil, gas find: Sources

The Mumbai High field annually produces oil and natural gas of about 9 million to 10 million tonnes of oil equivalent.

04 Aug 2017

Two dead in natural gas explosion at US school

The explosion occurred Wednesday morning in the center part of one of the school buildings, where a construction crew was working.

Goods and Services Tax

27 Jun 2017

Natural gas may be included in GST, to benefit ONGC

The oil ministry has taken up with the finance ministry for early inclusion of all the five exempted products in GST.

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