Ministry Of Oil And Petroleum
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ONGC To Start Crude Oil Production In KG Basin Next Week
The state-owned Oil and Natural Gas Corporation (ONGC) will start the production of crude oil from its flagship deep-water project in Krishna Godavari Basin next week.
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Bharat Petroleum To Invest Rs 35,355 Crore In Piped Gas Network In 8 Cities
BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the ministry of petroleum and natural gas.
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Centre Seeks Parliament Approval For Net Additional Spending Of Rs 3.25 Lakh Crore This Fiscal
Approval has also been sought for the expenditure of the Ministry of Petroleum and Natural Gas towards payments of LPG subsidies to oil marketing companies and LPG connections, among others totalling to Rs 29,944 crore.
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Code-Based Track And Trace Initiative For Domestic Gas Cylinders
Indian Oil, a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas, has launched a unique code-based track and trace initiative for LPG cylinders used for domestic purposes.
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India's Russian Oil Buy Now 10% Of Total Crude Imports, Says Government
India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10 per cent of all crude bought from overseas
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India's Fuel Demand Jumps 24% Year-On-Year In May: Report
Consumption of fuel, a proxy for oil demand, totalled 18.27 million tonnes last month, according to data from the Indian oil ministry's Petroleum Planning and Analysis Cell.
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Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses
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Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable
RBML - the joint venture of Reliance Industries Ltd and BP - has told Government that fuel retailing for private sector has become unsustainable
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Indian Crude Oil Basket Price Rose Back-Up Close to $100 A Barrel On April 12, Reflecting Global Markets' Wild Gyrations
the Indian crude oil basket price rose to $99.86 per barrel on April 12, 2022, at an exchange rate of Rs 76.11 per dollar, up from $97.82 per barrel the previous day at (Rs/$) 75.96.
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Indian Crude Basket Prices Down Nearly 13% As Of April 8, Compared To March Average
Indian crude oil basket price was $98.68 per barrel on April 08, 2022, at an exchange rate of 75.78 per dollar, according to the Petroleum Ministry's Petroleum Planning and Analysis Cell's latest report, which suggests a 4 per cent decline since April 1 and a near 13 per cent fall compared to March's average.
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Indian Basket Oil Price Jumps To Over $110 Per Barrel On March 14, From $85 Average In January
According to the latest Petroleum Ministry data, crude oil (Indian Basket) was $110.30 per barrel on March 14, 2022, at an Exchange Rate (Rs/$) of 76.61.The Indian basket crude price averaged $84.67/bbl during January 2022 against $73.30/bbl during December 2021 and $54.79 /bbl during January 2021.
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India's Oil Import Bill To Top $100 Billion In Current Fiscal
India spent $94.3 billion in the first 10 months of current fiscal on oil imports. It spent $11.6 billion in January 2022 when oil prices surged
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Exports Rise 23.69% To $34 Billion In January, Trade Deficit Widens To $17.94 Billion
Exports rose to $34.06 billion in January due to robust performance by engineering, petroleum as well as gems and jewellery sectors
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Import Cost Of Petroleum Products Rise 39.6% Between 2016-17 & 2020-21
There has been a 39.6 per cent increase in the import cost of petroleum products in the last four years between 2016-17 and 2020-21
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Crude Oil Production Fell 5.95% In October
Domestic crude oil production in October 2021 fell 5.95 per cent short of the target for the month and stood at 2,512.46 thousand metric tonnes
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ONGC To Start Crude Oil Production In KG Basin Next Week
The state-owned Oil and Natural Gas Corporation (ONGC) will start the production of crude oil from its flagship deep-water project in Krishna Godavari Basin next week.
-
Bharat Petroleum To Invest Rs 35,355 Crore In Piped Gas Network In 8 Cities
BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the ministry of petroleum and natural gas.
-
Centre Seeks Parliament Approval For Net Additional Spending Of Rs 3.25 Lakh Crore This Fiscal
Approval has also been sought for the expenditure of the Ministry of Petroleum and Natural Gas towards payments of LPG subsidies to oil marketing companies and LPG connections, among others totalling to Rs 29,944 crore.
-
Code-Based Track And Trace Initiative For Domestic Gas Cylinders
Indian Oil, a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas, has launched a unique code-based track and trace initiative for LPG cylinders used for domestic purposes.
-
India's Russian Oil Buy Now 10% Of Total Crude Imports, Says Government
India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10 per cent of all crude bought from overseas
-
India's Fuel Demand Jumps 24% Year-On-Year In May: Report
Consumption of fuel, a proxy for oil demand, totalled 18.27 million tonnes last month, according to data from the Indian oil ministry's Petroleum Planning and Analysis Cell.
-
Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses
-
Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable
RBML - the joint venture of Reliance Industries Ltd and BP - has told Government that fuel retailing for private sector has become unsustainable
-
Indian Crude Oil Basket Price Rose Back-Up Close to $100 A Barrel On April 12, Reflecting Global Markets' Wild Gyrations
the Indian crude oil basket price rose to $99.86 per barrel on April 12, 2022, at an exchange rate of Rs 76.11 per dollar, up from $97.82 per barrel the previous day at (Rs/$) 75.96.
-
Indian Crude Basket Prices Down Nearly 13% As Of April 8, Compared To March Average
Indian crude oil basket price was $98.68 per barrel on April 08, 2022, at an exchange rate of 75.78 per dollar, according to the Petroleum Ministry's Petroleum Planning and Analysis Cell's latest report, which suggests a 4 per cent decline since April 1 and a near 13 per cent fall compared to March's average.
-
Indian Basket Oil Price Jumps To Over $110 Per Barrel On March 14, From $85 Average In January
According to the latest Petroleum Ministry data, crude oil (Indian Basket) was $110.30 per barrel on March 14, 2022, at an Exchange Rate (Rs/$) of 76.61.The Indian basket crude price averaged $84.67/bbl during January 2022 against $73.30/bbl during December 2021 and $54.79 /bbl during January 2021.
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India's Oil Import Bill To Top $100 Billion In Current Fiscal
India spent $94.3 billion in the first 10 months of current fiscal on oil imports. It spent $11.6 billion in January 2022 when oil prices surged
-
Exports Rise 23.69% To $34 Billion In January, Trade Deficit Widens To $17.94 Billion
Exports rose to $34.06 billion in January due to robust performance by engineering, petroleum as well as gems and jewellery sectors
-
Import Cost Of Petroleum Products Rise 39.6% Between 2016-17 & 2020-21
There has been a 39.6 per cent increase in the import cost of petroleum products in the last four years between 2016-17 and 2020-21
-
Crude Oil Production Fell 5.95% In October
Domestic crude oil production in October 2021 fell 5.95 per cent short of the target for the month and stood at 2,512.46 thousand metric tonnes
