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02 Nov 2024

Petrol and LPG Demand Soars in India, Reflecting Economic Growth

Cooking gas LPG sales were up 7.5 per cent year-on-year at 2.82 million tonnes in October 2024. LPG consumption is now 13.1 per cent higher than in October 2022.

gas cylinder rates

13 Feb 2020

Hike in LPG cylinder rate up to Rs 150 in metro cities, Opposition slams over economic slowdown

According to Indian Oil's website, which supplies up to 30 lakh cylinders a day across India, the price of 14.2 kg non-subsidized LPG cylinders in New Delhi has now gone up to Rs 858.5, from its last revision on January 1 to Rs 144.5. Is the sharpest increment.

12 Feb 2020

LPG Cylinder prices goes up instantly,Biggest hike in 6 years

State-run Oil Marketing Companies today sharply hiked LPG prices by up to Rs 150 per Cylinder.This is the biggest hike in six years. The new rates are effective from today.

21 Sep 2018

Oil companies ask Air India to clear dues

An Air India official said that the oil companies have sought to increase the payment amount, citing everyday increase in oil prices.

11 Jan 2018

New York City sues oil companies over climate change

The city alleges the fossil fuel industry was aware for decades that burning fuel was impacting climate change.

10 Dec 2017

After Rs 76.5/cylinder hike, oil cos skip LPG price revision

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69, according to a price notification issued by state-owned firms.

10 Oct 2017

Oil prices stable as OPEC says market is rebalancing

Traders said that oil prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.

Subsidised LPG price

01 Aug 2017

Subsidised LPG price hiked by Rs 2 per cylinder, jet fuel by 2.3%

A subsidised 14.2-kg of cylinder now costs Rs 479.77 in Delhi as against Rs 477.46 previously, according to Indian Oil Corp, the nation's largest fuel retailer.

26 Apr 2017

SBI Card slashes fuel surcharge to 1%

SBI Card on Wednesday slashed surcharge on fuel to 1 percent from 2.5 percent. The company with 4 million customers has done in line with overall reduction affected by oil marketing companies to promote digital transactions.

10 Apr 2017

Petrol pump owners threaten to remain shut on Sundays

Petrol pump owners in the country have served a strict threat to the government that the fuel outlets will remain shut every Sunday from May 10 till their demands related with hike in commissions are not met.

Oil and gas blocks

07 Mar 2017

India announces new licensing policy to boost oil output

India on Tuesday announced an open acreage licensing policy for oil and gas exploration, allowing bidders to carve out areas where they want to drill as the energy- hungry country looks at greater foreign investment to boost output.

15 Jan 2017

Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre

Petrol price was hiked by 42 paisa a litre and diesel by Rs 1.03 per litre by the state oil companies on Sunday.

Petrol price hike

16 Dec 2016

Hike in petrol, diesel rates deferred

PSU oil companies have deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel.

15 Dec 2016

Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

With oil prices at the international market hitting $55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.

14 Dec 2016

Petrol, diesel prices likely to be hiked on Thursday

With oil prices at the international market hitting USD 55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.

30 Nov 2016

Petrol price hiked by 13 paise a litre, diesel cut by 12 paise

Petrol price was on Wednesday hiked by 13 paise a litre, but that of diesel was cut by 12 paise per litre in line with international trends.

15 Nov 2016

Petrol price cut by Rs 1.46 a litre, diesel by Rs 1.53

The cut comes after a string of hikes, i.e. six times, since September and will definitely be a relief for the vehicle owners.

04 Nov 2016

Petroleum dealers call off strike after talks with oil firms

Petroleum dealers, who were on a two-day nationwide no-purchase strike since yesterday, today said they were calling off their future agitation programmes as oil companies have promised to look into their demand for hiking commission before December 31.

Dharmendra Pradhan

31 Jul 2016

Govt open to deliberating on merger of oil firms: Dharmendra Pradhan

Government is open to deliberating on the issue of mega merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said.

Expert outlook on Oil and Gas sector

15 Jul 2016

Outlook on Oil & Gas sector

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