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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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19 Days Until Trump's 50% Tariffs Take Effect: How India Can Respond
With the new rates taking effect on 27 August, the next 19 days are crucial.
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Will Trump Tariffs Impact India's Growth? What RBI Governor Said
RBI on Wednesday kept its policy interest rate unchanged, as policymakers weighed the risks posed by changing global trade policies and the uncertainties surrounding the potential for higher tariffs by the US President Donald Trump's administration.
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Trump Was Asked If US Imports Uranium, Fertilisers From Russia. His Reply
Amid the United States' tariff threats to India over Russian oil imports, US President Donald Trump has claimed he was unaware of Washington's uranium and fertiliser trade with Moscow.
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Commercial LPG Cylinder Price Cut By Rs 33.50; New Rates Effective From Today
Oil marketing companies have reduced the price of a 19 kg commercial LPG gas cylinder by Rs 33.50, with the revised rates coming into effect from Thursday.
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Commercial LPG Cylinders Get Cheaper By Rs 58.50 From Today
Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates brought relief to commercial users such as hotels, restaurants, and businesses.
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Explained: How Carbon Capture Works, Its Role In Future Climate Solution
Power plants and industrial facilities that emit carbon dioxide, the primary driver of global warming, are hopeful that Congress will keep tax credits for capturing the gas and storing it deep underground.
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Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
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Cooking Gas LPG Price Hiked By Rs 50 Per Cylinder For All Users
Cooking gas or LPG price has been hiked by Rs 50 per cylinder, Union Oil Minister Hardeep Singh Puri said on Monday.
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Commercial LPG Cylinders Get Cheaper By Rs 41 From Today
Oil marketing companies have announced a reduction in the prices of 19 kg commercial LPG gas cylinders by Rs 41, effective from Tuesday.
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OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
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Jet Fuel Price Cut 4.6%, Commercial Cooking Gas Up By Rs 39 Per Cylinder
Jet fuel, or ATF, price was on Sunday reduced by 4.6 per cent while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.
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India's Oil Import Bill Could Reach USD 101-104 Billion In 2024-25: Report
India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.
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Russia Oil Discount To India Shrinks To $4, Delivery Charges Remain Opaque
The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said.
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Cut In Petrol, Diesel Rates? What Minister Hardeep Puri Said
Petroleum Minister Hardeep Singh Puri said on Saturday that oil companies will be in a position to look at the issue of reducing petrol and diesel prices if the international crude cost remains stable and these firms have a good next quarter.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
19 Days Until Trump's 50% Tariffs Take Effect: How India Can Respond
With the new rates taking effect on 27 August, the next 19 days are crucial.
-
Will Trump Tariffs Impact India's Growth? What RBI Governor Said
RBI on Wednesday kept its policy interest rate unchanged, as policymakers weighed the risks posed by changing global trade policies and the uncertainties surrounding the potential for higher tariffs by the US President Donald Trump's administration.
-
Trump Was Asked If US Imports Uranium, Fertilisers From Russia. His Reply
Amid the United States' tariff threats to India over Russian oil imports, US President Donald Trump has claimed he was unaware of Washington's uranium and fertiliser trade with Moscow.
-
Commercial LPG Cylinder Price Cut By Rs 33.50; New Rates Effective From Today
Oil marketing companies have reduced the price of a 19 kg commercial LPG gas cylinder by Rs 33.50, with the revised rates coming into effect from Thursday.
-
Commercial LPG Cylinders Get Cheaper By Rs 58.50 From Today
Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates brought relief to commercial users such as hotels, restaurants, and businesses.
-
Explained: How Carbon Capture Works, Its Role In Future Climate Solution
Power plants and industrial facilities that emit carbon dioxide, the primary driver of global warming, are hopeful that Congress will keep tax credits for capturing the gas and storing it deep underground.
-
Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
-
Cooking Gas LPG Price Hiked By Rs 50 Per Cylinder For All Users
Cooking gas or LPG price has been hiked by Rs 50 per cylinder, Union Oil Minister Hardeep Singh Puri said on Monday.
-
Commercial LPG Cylinders Get Cheaper By Rs 41 From Today
Oil marketing companies have announced a reduction in the prices of 19 kg commercial LPG gas cylinders by Rs 41, effective from Tuesday.
-
OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
-
Jet Fuel Price Cut 4.6%, Commercial Cooking Gas Up By Rs 39 Per Cylinder
Jet fuel, or ATF, price was on Sunday reduced by 4.6 per cent while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.
-
India's Oil Import Bill Could Reach USD 101-104 Billion In 2024-25: Report
India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.
-
Russia Oil Discount To India Shrinks To $4, Delivery Charges Remain Opaque
The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said.
-
Cut In Petrol, Diesel Rates? What Minister Hardeep Puri Said
Petroleum Minister Hardeep Singh Puri said on Saturday that oil companies will be in a position to look at the issue of reducing petrol and diesel prices if the international crude cost remains stable and these firms have a good next quarter.
