News

Government may cut petrol, diesel price by Rs 3-5 a litre around Diwali Following the recent cut in domestic LPG prices, the Central government may cut petrol, diesel price by Rs 3-5 a litre around Diwali given that key state elections start from November-December, JM Financial Institutional Securities said in a report. Last week, the government cut the price of the domestic 14.2kg LPG cylinder by Rs 200/LPG cylinder for all 330 million consumers w.e.f. August 30. This was to give relief to the common man from the recent surge in inflation. OMCs marketin...
Government may cut petrol, diesel price by Rs 3-5 a litre around Diwali
Government may cut petrol, diesel price by Rs 3-5 a litre around Diwali
Source: IANS
6/09/2023 4:11:47 PM
LPG price cut to have financial implication of Rs 7,680 cr in current fiscal As the government on Tuesday announced Rs 200 cut in the price of cooking gas cylinders for all subscribers, the financial implication of the decision will come to around Rs 7,680 crore for the 2023-24 fiscal, official sources said. Ujjwala scheme subscribers already get Rs 200 subsidy on cooking gas cylinders, while the reduction of Rs 200 in prices of LPG cylinders announced on Tuesday will be on top of that, Information and Broadcasting Minister Anurag Thakur told mediapersons after the...
LPG price cut to have financial implication of Rs 7,680 cr in current fiscal
LPG price cut to have financial implication of Rs 7,680 cr in current fiscal
Source: IANS
30/08/2023 9:38:29 AM
BRS to zero in on `world`s most expensive` LPG, steep fuel prices Price rise and highest inflation rate is likely to be among the key issues in Telangana Assembly elections, slated to be held in November-December this year. While the ruling Bharat Rashtra Samithi (BRS) is likely to corner the Bharatiya Janata Party (BJP) over the high inflation rate, the ‘world’s costliest’ LPG and steep hike in fuel prices, it may come under attack from the latter and also from the Congress over Telangana recording the highest inflation rate consistent...
BRS to zero in on `world`s most expensive` LPG, steep fuel prices
BRS to zero in on `world`s most expensive` LPG, steep fuel prices
Source: IANS
27/08/2023 11:00:13 AM
Commercial LPG cylinder prices cut by Rs 99.75 with effect from today Oil marketing companies on Tuesday reduced the prices of commercial LPG cylinders by Rs 99.75, however the prices of domestic cooking gas cylinders have been kept unchanged, as per sources. The revised prices are effective from Tuesday onwards. After the reduction in prices, a commercial LPG cylinder will now cost Rs 1,680 in Delhi. The previous revision in prices of a 19 kg commercial LPG cylinder was done last month. Prices though differ from state to state, due to different tax...
Commercial LPG cylinder prices cut by Rs 99.75 with effect from today
Commercial LPG cylinder prices cut by Rs 99.75 with effect from today
Source: IANS
1/08/2023 10:07:44 AM
Commercial LPG cylinder prices slashed, new rates applicable from today  The Oil marketing companies on Thursday slashed prices of commercial LPG cylinder, however prices of domestic LPG cylinder have been left unchanged. After the latest revision, the price of a 19 kg commercial LPG cylinder in New Delhi has come down by Rs 83.50 to Rs 1,773 per cylinder. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates for commercial cylinders will be applicable from Thursday. The price of a 14...
Commercial LPG cylinder prices slashed, new rates applicable from today
Commercial LPG cylinder prices slashed, new rates applicable from today
Source: IANS
1/06/2023 2:33:15 PM
Confidence Petroleum India gains on commissioning 16 new Auto LPG Dispensing Stations Confidence Petroleum India is currently trading at Rs. 67.58, up by 0.44 points or 0.66% from its previous closing of Rs. 67.14 on the BSE. The scrip opened at Rs. 67.69 and has touched a high and low of Rs. 68.30 and Rs. 67.30 respectively. So far 93621 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 89.60 on 21-Dec-2022 and a 52 week low of Rs. 44.20 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Confidence Petroleum India gains on commissioning 16 new Auto LPG Dispensing Stations
Confidence Petroleum India gains on commissioning 16 new Auto LPG Dispensing Stations
Source: Accord Fintech
1/06/2023 11:45:22 AM
Commercial LPG cylinder price cut by Rs 171.50, cooking gas price kept unchanged Oil Marketing Companies (OMCs) on Monday cut the prices of commercial LPG cylinders with immediate effect by Rs 171.50, while prices of domestic cooking gas have been kept unchanged. The retail price of a 19 kg commercial LPG cylinder in Delhi will now be Rs 1,856.50. On April 1, commercial LPG cylinder prices were slashed by Rs 92, while in March, their rates were hiked by Rs 350.50 per bottle and those of domestic LPG cylinders were raised by Rs 50 per bottle.  
Commercial LPG cylinder price cut by Rs 171.50, cooking gas price kept unchanged
Commercial LPG cylinder price cut by Rs 171.50, cooking gas price kept unchanged
Source: IANS
1/05/2023 10:58:40 AM
APM Terminals Pipavav to set up New Liquid Berth at an investment of US $ 90 million APM Terminal Pipavav, one of the leading gateway ports located in western India, will set up a new liquid berth at the Port at an investment of around US $ 90 million. Currently, the port has the capacity to handle 2 MMT of liquid bulk. With the new berth, the liquid bulk handling capacity of the port will increase to 5.2 MMT. The capex announced is in line with the port’s objective of contributing to the growth of India's logistics infrastructure, bolstering connectivity to th...
APM Terminals Pipavav to set up New Liquid Berth at an investment of US $ 90 million
APM Terminals Pipavav to set up New Liquid Berth at an investment of US $ 90 million
Source: PR Agency
24/04/2023 5:40:03 PM
Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 Year The price of CNG has shot up by nearly 38 per cent while the price of an LPG cylinder increased by about 22 per cent in Delhi during the period of last one year. The comparative prices of CNG for Indraprastha Gas Limited (Delhi) were at Rs 57.01 per kg on March 1, 2022 and it increased to Rs 79.56 per kg on March 1 this year. Similarly, the price of a LPG cylinder (14.4 kg) was at Rs 899.50 on March 1, 2022 and it went up to Rs 1,103 by March 1. India imports more than 60 per cent of...
Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 Year
Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 Year
Source: IANS
17/03/2023 9:29:46 AM
India`s February fuel demand hits at least 24 year high India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil. Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, its 15th consecutive year-on-year rise, data showed. Demand was the highest recorded in data compiled by the Indian Oil Ministry's Petroleum Planning and Anal...
India`s February fuel demand hits at least 24 year high
India`s February fuel demand hits at least 24 year high
Source: Reuters
10/03/2023 9:04:13 AM
Odisha approves 25 industrial projects worth Rs 5,827cr The Odisha government on Saturday approved 25 industrial projects worth Rs 5,827.27 crore, which will create employment for 25,000 people. The State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Pradeep Kumar Jena has approved the projects, and also recommended three other large scale projects of investment value of Rs 28,000 crore to the High-Level Clearance Authority (HLCA) headed by the Chief Minister, the state government said in a statement. The approved p...
Odisha approves 25 industrial projects worth Rs 5,827cr
Odisha approves 25 industrial projects worth Rs 5,827cr
Source: IANS
6/03/2023 9:40:40 AM
Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy While a recent hike of Rs 50 in the price of the 14.2 kg domestic liquefied petroleum gas (LPG) cylinder led to the cost of the cylinder touching Rs 1,103, data has disclosed that the price has registered a rise of nearly 56 per cent in the last four years. The retail selling price (RSP) of a domestic LPG cylinder (14.2 Kg) on April 1, 2019 was Rs 706.50 which increased to Rs 744 in 2020, Rs 809 in 2021 and Rs 949.50 in 2022. The price increased to Rs 1,103 from Rs 1053 on March 1 this yea...
Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy
Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy
Source: IANS
5/03/2023 9:22:34 AM
Cooking gas price hiked by Rs 50 per cylinder, commercial gas go up by Rs 350 Prices of domestic cooking gas and commercial cylinders have been hiked by Rs 50 and Rs 350.50 per cylinder respectively with effect from Wednesday (March 1). With this hike, the retail price of cooking gas in Delhi will now be Rs 1,103 per cylinder, while the price for a commercial cylinder will be Rs 2,119.50. Domestic gas prices were last revised in July 2022. A domestic gas cylinder weighs 14.2 kg while a commercial gas cylinder weighs 19 kg. Every household is entitled to 12 cyl...
Cooking gas price hiked by Rs 50 per cylinder, commercial gas go up by Rs 350
Cooking gas price hiked by Rs 50 per cylinder, commercial gas go up by Rs 350
Source: IANS
1/03/2023 10:02:43 AM
government willing to give cooking gas subsidy if global prices come down: Hardeep Puri If international gas prices come down, the government could give relief to consumers on cooking gas through subsidy, the Parliament was told on Thursday. Petroleum Minister Hardeep Puri said in Lok Sabha during Question Hour on Thursday that the government imports 60 per cent of the total domestic requirement of gas. "There is a (existing) subsidy of Rs 200. What is this subsidy? It is tax payer's money... The ones who are most vulnerable, we are always ready to help if it is l...
government willing to give cooking gas subsidy if global prices come down: Hardeep Puri
government willing to give cooking gas subsidy if global prices come down: Hardeep Puri
Source: IANS
10/02/2023 10:08:49 AM
India's fuel demand slips in January from nine-month peak India's fuel demand slipped in January after hitting a nine-month peak in December, hit by lower mobility due to cold weather in parts of the country and a slowdown in industrial activity. Consumption of fuel, a proxy for oil demand, was about 4.6% lower than the previous month at 18.7 million tonnes in January, data from Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed on Wednesday. Sales of diesel fell 7.6% in January from a month ago to 7.18 million to...
India's fuel demand slips in January from nine-month peak
India's fuel demand slips in January from nine-month peak
Source: Reuters
9/02/2023 9:52:35 AM
LPG price hiked in Bangladesh The price of Liquefied Petroleum Gas (LPG) in Bangladesh has been hiked by 22.15 taka per kg to 124.85 taka. Bangladesh Energy Regulatory Commission (BERC) in Dhaka announced the latest LPG price in a statement, reports Xinhua news agency. The new price came into effect from Thursday 6 p.m. The 12 kg cylinder LPG price, which was 1,232 taka in January, would now stand at 1,498 taka after the hike. The move to raise LPG price came after the electricity price was hiked by 5 per cent...
LPG price hiked in Bangladesh
LPG price hiked in Bangladesh
Source: Accord Fintech
3/02/2023 1:01:03 PM
Gail (India) declines on reporting 90% fall in Q3 consolidated net profit GAIL (India) is currently trading at Rs. 94.05, down by 5.10 points or 5.14% from its previous closing of Rs. 99.15 on the BSE. The scrip opened at Rs. 99.10 and has touched a high and low of Rs. 99.90 and Rs. 91.80 respectively. So far 1953067 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.63 on 19-Apr-2022 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at Rs....
Gail (India) declines on reporting 90% fall in Q3 consolidated net profit
Gail (India) declines on reporting 90% fall in Q3 consolidated net profit
Source: Accord Fintech
30/01/2023 3:11:04 PM
Dining out to be costlier in New Year as commercial LPG cylinder price hiked by Rs 25 Dining out in 2023 would be a costlier affair now, as oil marketing companies (OMCs) on Sunday, the first day of the New Year, hiked the price of commercial LPG cylinder by Rs 25. The new rates come into effect from this day. Rates of domestic LPG cylinders have been kept unchanged. With the hike in commercial LPG cylinder prices, it will cost Rs 1,768 per cylinder in New Delhi. In Mumbai, a commercial LPG cylinder would cost Rs 1,721 per cylinder, while in Kolkata and Chennai it ...
Dining out to be costlier in New Year as commercial LPG cylinder price hiked by Rs 25
Dining out to be costlier in New Year as commercial LPG cylinder price hiked by Rs 25
Source: IANS
1/01/2023 2:25:47 PM
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan` A CAG Audit observed that Indian Oil Corporation Limited (IOCL) incurred an overall additional cost of Rs 516.30 crore due to deviation of optimised logistics plan in case of transportation of MS/ HSD during the period 2014-15 to 2018-19 and Rs 132.55 crore in case of LPG during the period 2015-16 to 2018-19. The report said that Bharat Petroleum Corporation Limited reported lower expenditure compared to planned expenditure by Rs 43.69 crore due to variations from optimised logistics plan ...
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan`
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan`
Source: IANS
24/12/2022 10:35:27 AM
South Korea to extend fuel tax cut for 4 more months South Korea on Monday announced its decision to extend the fuel tax cut for four more months amid the high energy prices, according to the Ministry of Economy and Finance. The consumption tax cut on fuel, scheduled to expire by the end of this year, will be extended until the end of April 2023, reports Xinhua news agency. The discount rate for petrol will be lowered to 25 per cent between January and April from the current 37 per cent, while the rate for diesel and liquefied petroleum g...
South Korea to extend fuel tax cut for 4 more months
South Korea to extend fuel tax cut for 4 more months
Source: IANS
19/12/2022 2:41:16 PM
Maruti Suzuki seeks clarity on emission norms Maruti Suzuki India on Monday said it has sought correct accounting of greenhouse gas (GHG) emission benefits of ethanol under the Corporate Average Fuel Economy or CAFE. For promotion of ethanol and flex-fuel, auto industry body SIAM has requested the Road Transport Ministry to make some changes in the policy. Maruti Suzuki India's Managing Director and CEO Hisashi Takeuchi said at an industry event that the company has sought correct accounting of GHG emission benefits of ethanol ...
Maruti Suzuki seeks clarity on emission norms
Maruti Suzuki seeks clarity on emission norms
Source: IANS
14/12/2022 10:45:46 AM
GAIL (India) rises on the BSE GAIL (India) is currently trading at Rs. 91.60, up by 0.65 points or 0.71% from its previous closing of Rs. 90.95 on the BSE. The scrip opened at Rs. 91.00 and has touched a high and low of Rs. 91.75 and Rs. 90.20 respectively. So far 291539 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.63 on 19-Apr-2022 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at Rs. 94...
GAIL (India) rises on the BSE
GAIL (India) rises on the BSE
Source: Accord Fintech
12/12/2022 2:08:50 PM
India`s fuel demand hits eight-month peak in November India's fuel demand climbed to an eight-month high in November, government data released on Friday showed, as festivals and a pick-up in industrial activity boosted sales in the world's No. 3 oil consumer. Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data from Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC). "The festive season has...
India`s fuel demand hits eight-month peak in November
India`s fuel demand hits eight-month peak in November
Source: Reuters
12/12/2022 9:08:34 AM
India`s fuel demand hits eight-month peak in November India's fuel demand climbed to an eight-month high in November, government data released on Friday showed, as festivals and a pick-up in industrial activity boosted sales in the world's No. 3 oil consumer. Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data from Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC). "The festive season has...
India`s fuel demand hits eight-month peak in November
India`s fuel demand hits eight-month peak in November
Source: Reuters
9/12/2022 4:32:32 PM
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end' The Central government is likely to seek stakeholders' comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. The committee, which the government had set up in September this year to review the gas pricing formula, to ensure fair prices to consumers, has recommended a cap of $4-$6.5 per mmBtu for gas produced from older fields by ONGC and Oil India, with cap rising ...
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
Source: IANS
3/12/2022 9:19:42 AM
India`s October fuel demand rises on festive season boost India's fuel consumption, a proxy for oil demand, rose to its highest in four months in the festival month of October, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Consumption in October was 6.7% higher than the previous month, while also up 3.4% year-on-year at 18.37 million tonnes, the data showed. The data indicates that "the negative impact of the monsoon season is now coming to an end," Refinitiv analyst Ehsan Ul Haq ...
India`s October fuel demand rises on festive season boost
India`s October fuel demand rises on festive season boost
Source: Reuters
8/11/2022 10:26:31 AM
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s A Rs 220 billion one time grant to the three oil marketing companies by the Centre would cover their losses on sales of domestic liquefied petroleum gas (LPG) they still incur losses on sale of petrol and diesel, said Moody's Investors Service on Monday. Last week, the Central government approved the grant to the Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) to cover losses on sales of domestic LPG ...
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s
Source: IANS
17/10/2022 1:42:42 PM
Cabinet approves one time grant of Rs 22,000 cr to oil marketing companies The Union Cabinet on Wednesday approved a Rs 22,000 crore one time grant to public sector oil marketing companies (OMCs) to help recover losses borne by them on domestic LPG. It will help the three OMCs, namely Indian Oil, Bharat Petroleum and Hindustan Petroleum, to recover the expenses borne by them for selling domestic LPG or cooking gas between June 2020 and June 2022. Minister for Information and Broadcasting Anurag Thakur told media persons after the Cabinet meeting that this deci...
Cabinet approves one time grant of Rs 22,000 cr to oil marketing companies
Cabinet approves one time grant of Rs 22,000 cr to oil marketing companies
Source: IANS
12/10/2022 5:09:39 PM
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani Gautam Adani, Chairman, Adani Group has said the group's market cap now stands at 260 billion dollars -- having grown faster than any company ever in India. In a speech made at an event to mark the completion of the ACC-Ambuja Cements acquisition on September 17, Adani said this acquisition is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of four months. "I also believe that the Adani Group's compe...
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani
Source: IANS
19/09/2022 2:27:47 PM
Government signs contracts for 31 small fields, 4 coal bed methane blocks  The government has signed contracts for 31 discovered small fields (DSF) under the third round of bidding as well as for four coal bed methane (CBM) blocks under the fifth round of bidding with 14 domestic companies, which have been awarded these blocks. Among these blocks, the Oil and Natural Gas Corporation (ONGC) has signed six contracts for DSF, with 3 each for fields in the Arabian Sea and Bay of Bengal. These include four contract areas as sole bidder and two contract areas in ...
Government signs contracts for 31 small fields, 4 coal bed methane blocks
Government signs contracts for 31 small fields, 4 coal bed methane blocks
Source: IANS
12/09/2022 9:27:34 AM
India`s August fuel demand steady m-o-m, diesel consumption drops India's August fuel consumption was little changed from the previous month, government data released on Wednesday showed, even as diesel demand dropped to the lowest this year during monsoon season in the world's No. 3 oil consumer. Fuel consumption, a proxy for oil demand, rose 16.3% to 17.81 million tonnes from August 2021, but was up only marginally from 17.61 million tonnes in July, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed. "In...
India`s August fuel demand steady m-o-m, diesel consumption drops
India`s August fuel demand steady m-o-m, diesel consumption drops
Source: IANS
8/09/2022 8:55:34 AM
India panel to review gas-pricing formula to tame inflation India has set up a panel to review the pricing formula for locally produced gas to ensure "fair price to the end consumer", according to a government order seen by Reuters, a move aimed at lowering inflation and boosting use of the cleaner fuel. India links local gas prices to a formula tied to global benchmarks, including Henry Hub, Alberta gas, NBP and Russian gas with a lag of one quarter. Local gas prices are at a record high and are expected to rise further due to a sharp...
India panel to review gas-pricing formula to tame inflation
India panel to review gas-pricing formula to tame inflation
Source: Reuters
6/09/2022 4:15:04 PM
LPG cylinder prices rose 45% in 5 years after 58 revisions Even as domestic LPG prices have been on the upsurge, burdening the common man, an interesting fact to note is that cooking gas rates have been revised an astounding 58 times in the last five years. According to official data of the Petroleum Ministry, between April 1, 2017 and July 6, 2022 LPG prices rose by 45 per cent through 58 upward revisions. An LPG cylinder was priced at Rs 723 in April 2017, and by July 2022, rose by 45 per cent to cost Rs 1,053. At the same time, this hike ...
LPG cylinder prices rose 45% in 5 years after 58 revisions
LPG cylinder prices rose 45% in 5 years after 58 revisions
Source: IANS
3/09/2022 10:11:23 AM
India`s July fuel demand rises 6.1% year-on-year India's fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June. "India's fuel demand outlook is improving as the economy is poised for a strong bounce back in consumption and continued momentum for the services sector," said Edward Moya, senior analyst with OA...
India`s July fuel demand rises 6.1% year-on-year
India`s July fuel demand rises 6.1% year-on-year
Source: Reuters
9/08/2022 9:21:55 AM
Perspective on LPG Prices By Mr. Swarnendu Bhushan, Motilal Oswal Financial Services Perspective on ‘LPG Prices’ By Mr. Swarnendu Bhushan, Senior Group VP, Oil & Gas analyst at Motilal Oswal Financial Services “The current Russia-Ukraine geo-political crisis has pushed up oil prices. As a result, LPG prices have also risen in India. Rupee depreciation has added to it. We import ~60% of our LPG consumption. As soon as oil prices decline, we would expect LPG prices also to cool off”   Above views are of the auth...
Perspective on LPG Prices By Mr. Swarnendu Bhushan, Motilal Oswal Financial Services
Perspective on LPG Prices By Mr. Swarnendu Bhushan, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
7/07/2022 12:58:13 PM
Vegetables become costlier amid supply shortage After LPG cylinder, rising prices of tomatoes and green vegetables are jeopardising the common man's kitchen budget. In the national capital, tomatoes are being sold for Rs 60-80; while in many cities its prices have reached Rs 100 amid shortfall in supply. Apart from tomatoes, green vegetables have also gone costlier in comparison to the last week. As per vendors, these prices will increase further in the coming days as they argue "vegetables often become expensive during the rai...
Vegetables become costlier amid supply shortage
Vegetables become costlier amid supply shortage
Source: IANS
26/05/2022 9:12:32 AM
Price Rise: Non-subsidised LPG cylinder gets costlier In another hit to the wallet of the common man, oil marketing companies have raised the prices of non-subsidised LPG cylinders after a gap of over 5 months. In Delhi, the 14.2-kg non-subsidised cylinder will now cost Rs 949.50. Besides, price in Kolkata rose to Rs 976 per cylinder, while that in Chennai and Mumbai stood at Rs 965.50 and Rs 949.50 per cylinder. Accordingly, this is the first hike since October 6, 2021. The increase in selling price came days after an astronomical r...
Price Rise: Non-subsidised LPG cylinder gets costlier
Price Rise: Non-subsidised LPG cylinder gets costlier
Source: IANS
22/03/2022 3:53:09 PM
Commercial LPG cylinder price hiked in Delhi by Rs 105 Oil marketing companies (OMCs) have hiked the price of 19 kg commercial LPG cylinder by Rs 105 in Delhi and Rs 108 in Kolkata. New rates are effective from Tuesday. Now, the 19 kg commercial cylinder will cost Rs 2,012 in Delhi and Rs 2,095 in Kolkata, data available on Indian Oil Corporation website showed. For Mumbai and Chennai, prices were hiked by Rs 106 and Rs 105, respectively. It will now come at Rs 1,963 and Rs 2,145 in these two metros, data showed. Prices of commercial ...
Commercial LPG cylinder price hiked in Delhi by Rs 105
Commercial LPG cylinder price hiked in Delhi by Rs 105
Source: IANS
1/03/2022 2:54:53 PM
Investors unnerved by lack of transparency in LPG pricing, under recoveries of OMCs Lack of transparency in LPG pricing, related under recoveries and inventory gains/losses have unnerved the investors and weighed on their interests in the oil marketing companies. Rising LPG prices along with the ongoing elections in key states have tested the resolve of the government and the Oil Marketing Companies (IOCL, BPCL and HPCL), Motilal Oswal Institutional Equities said in a note. While prices of auto fuels have not been changed since early November'21, price of subsidize...
Investors unnerved by lack of transparency in LPG pricing, under recoveries of OMCs
Investors unnerved by lack of transparency in LPG pricing, under recoveries of OMCs
Source: IANS
22/02/2022 12:42:30 PM
Small LPG cylinders, financial services at FPS proposed The Centre on Wednesday proposed to sell small LPG cylinders through Fair Price Shops (FPS) across the country. There is a proposal to provide financial services through FPS and extending MUDRA loans to its dealers for capital augmentation. There are a total of 5.32 lakh FPS in the country. With this step, the Centre is aiming at taking its services closer to poorer and needy consumers. Focussing on enhancing financial viability of FPS, Department of Food and Public Distribution Secr...
Small LPG cylinders, financial services at FPS proposed
Small LPG cylinders, financial services at FPS proposed
Source: IANS
27/10/2021 3:46:35 PM
India's fuel demand rose 10.9 pct y/y in August India's fuel demand rose 10.9 percent in August compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.00 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 13.0 percent higher from a year earlier at 2.69 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales increased 2.4 percent to 2.33 million tonnes, while naphtha sales fell 5.1 percent t...
India's fuel demand rose 10.9 pct y/y in August
India's fuel demand rose 10.9 pct y/y in August
Source: Reuters
9/09/2021 11:43:38 AM
Bharat Petroleum Corporation Ltd cooking gas customers to continue getting subsidy, post privatisation Sell-off bound Bharat Petroleum Corporation Ltd (BPCL) has created a separate platform for its cooking gas operations that runs government's subsidised LPG cylinder scheme where subsidy amount is transferred directly into the accounts of consumers. Creation of separate platform was mandated as part of the sell-off process to ring fence the new owners from this subsidy scheme that could function uninterrupted with government transferring subsidy to consumers even after privatisation of ...
Bharat Petroleum Corporation Ltd cooking gas customers to continue getting subsidy, post privatisation
Bharat Petroleum Corporation Ltd cooking gas customers to continue getting subsidy, post privatisation
Source: IANS
7/09/2021 1:38:52 PM
'Require policy to boost adoption of auto LPG' Indian Auto LPG Coalition (IAC) has called for the immediate implementation of a policy to boost the adoption of auto LPG in the country. Suyash Gupta, Director General, Indian Auto LPG Coalition noted that the country has not been able to address the vehicular pollution part of the larger pollution problem in our cities, we have failed to make any considerable breakthrough on the urban pollution issue confronting the country. "An immediate policy push to auto LPG substituting for ...
'Require policy to boost adoption of auto LPG'
'Require policy to boost adoption of auto LPG'
Source: IANS
12/08/2021 5:36:58 PM
Mahanagar Gas Q4 net profit up 27.72% at Rs 212.77 cr The company reported standalone net profit of Rs 212.77 crore for the quarter ended March 31, 2021 as compared to Rs 166.59 crore in the same period last year, registering a year-on-year growth of 27.72 per cent. Net revenue of the company rose marginally by 4.17 per cent at Rs 784.04 crore in January-March quarter of this fiscal as against Rs 752.67 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 8.05 per cent to Rs 467.88 crore fro...
Mahanagar Gas Q4 net profit up 27.72% at Rs 212.77 cr
Mahanagar Gas Q4 net profit up 27.72% at Rs 212.77 cr
Source: Dion Global Solutions Ltd
25/05/2021 11:42:41 AM
Edible oil, LPG prices go through roof in 2 years The common man is hurting due to the sharp rise in prices of essential commodities like edible oil and LPG in the last three years. In Kolkata for instance, edible oil prices have more than doubled in the last three years. Mustard oil which was Rs 90 a litre in May 2019 is now selling at Rs 190 a litre while rice bran oil which was Rs 80 a litre is now at Rs 150 per litre. Similarly, groundnut oil is touching Rs 200 a litre in May this year compared to Rs 156 in 2019. Soybean oil is at ...
Edible oil, LPG prices go through roof in 2 years
Edible oil, LPG prices go through roof in 2 years
Source: IANS
12/05/2021 2:24:10 PM
Emissions from auto LPG vehicles much lower than BS-VI grade petrol: Study Even as the country looks at electric vehicle to provide pollution free transportion options, a study has suggested that in the intervening auto LPG can be a better and cleaner fuel option than regularly used petrol and diesel. Tailpipe emissions from Auto LPG have been found to be significantly lesser than even BS-VI compliant petrol vehicles, according to the results of the latest emission tests conducted by Indian Auto LPG Coalition. The tests validate Auto LPG as one of the cleanest...
Emissions from auto LPG vehicles much lower than BS-VI grade petrol: Study
Emissions from auto LPG vehicles much lower than BS-VI grade petrol: Study
Source: IANS
2/04/2021 2:21:12 PM
OMCs to reduce LPG cylinder cost by Rs 10 from April State-run oil marketing companies (OMCs) will reduce the price of domestic LPG cylinder by Rs 10 per cylinder from April 1. Domestic LPG cylinder will cost Rs 809 per cylinder in Delhi, effective April 1. In a statement on Wednesday, OMC major Indian Oil Corporation said that prices of crude oil and petroleum products in the international market have been on a constant uptrend since November 2020. "As India is largely import-dependent on crude oil and the prices are market-linke...
OMCs to reduce LPG cylinder cost by Rs 10 from April
OMCs to reduce LPG cylinder cost by Rs 10 from April
Source: IANS
1/04/2021 9:05:29 AM
Even with higher penetration, only half of urban slum households use LPG exclusively Even as government claims to have taken cooking gas penetration in the country to over 99 per cent of households, an independent study on the usage of the LPG shows that very few households, even in urban areas, use the cleaner fuel in their kitchen. According to a recently released independent study by the Council on Energy, Environment and Water (CEEW), only half of the urban slum households in the states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Rajasthan, and Uttar Pradesh, us...
Even with higher penetration, only half of urban slum households use LPG exclusively
Even with higher penetration, only half of urban slum households use LPG exclusively
Source: IANS
13/03/2021 2:25:28 PM