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Latest News:


Petrol price up by Rs 3.78, diesel by Rs 1.70 as TN revises VAT

Chennai: Prices of petrol and diesel in Tamil Nadu went up by Rs. 3.78 and Rs. 1.70 respectively, following the state government revising the Value Added Tax (VAT) on these products.

The Tamil Nadu Petroleum Dealers' Association protested the move, s... Read More

Indian Oil, Paradip refinery, Investment

Indian Oil offers jet fuel for March export

Singapore:  Indian Oil Corp has offered up to 32,000 tonnes of aviation jet fuel for loading from Paradip in March in an unusual move, a tender document showed on Wednesday.

It has offered two cargoes of 15,000 to 16,000 tonnes each of jet fuel for ... Read More


Natural Gas price likely to be hiked

New Delhi: Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including the Henry Hub.

The price of natural gas, used for generating power and making fertilisers and petroch... Read More

crude oil

Parliament panel for halving of crude oil cess at 10%

New Delhi: In order to make more practical and simpler to administer the cess, the Parliamentary Panel on Petroleum and Natural Gas has recommended the lowering of ad valorem rate of cess on crude oil in the range of 10 per cent from the existing 20 ... Read More

power sector news 6 june

Fresh power capacity from clean sources only after 2023-24

New Delhi: New capacity additions could all come from renewable sources like solar, wind and hydro power, but that is only after 2023-24, subject to cost competitiveness and the grid's ability to handle clean energy, says a TERI report.

According to ... Read More


India’s oil demand plunges most in 13 years amid noteban

New Delhi: India’s monthly oil demand fell the most since May 2003 as the government’s crackdown on high-value currency notes continued to reverberate through the country’s $2 trillion economy. Fuel consumption fell 4.5 percent to 15... Read More

sakalmoney news

Government looks at creating oil giant to take on global rivals

New Delhi/Mumbai: Government plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said on Wednesday, as the world's third largest oil consumer looks to better compete with global majors in acquiring foreig... Read More

Fuel Demand

India Fuel consumption to hit 200 mn tonnes in 2016-17: Oil Ministry

Mumbai: India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

"Demand for petroleum products is increasing as the economy grows... Read More

PETROL, DIESEL , price cut

Petrol price up by 42 paisa/litre, diesel by Rs. 1.03

New Delhi: Petrol price was tonight hiked by 42 paisa a litre, the fourth increase in 6 weeks, and diesel rate was raised by Rs. 1.03 a litre, the second hike in a fortnight.

The increase in rates, which are effective from midnight tonight, are exclu... Read More

coal import

Coal imports down 25% at 14 MT in December

New Delhi: Coal imports fell by 25 per cent to 14.31 million tonnes in December, due to higher availability of domestic fuel. The country had imported 19.15 million tonnes of coal in December 2015.

"Coal import (all type of coals) in December 2016 st... Read More