Petroleum Products

Three wagons of a goods train carrying petroleum products derailed near a railway yard on the Delhi-Mumbai route in Madhya Pradesh's Ratlam on Thursday night.

A case has been registered against two individuals for allegedly handling and storing a hazardous petroleum product without proper permits in Navi Mumbai's Uran town, police said on Wednesday.

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.

The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.

There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.

Petroleum and oil marketing companies have slashed the price of Commercial LPG cylinders by Rs 171.50 with immediate effect, according to sources on Monday.

The government on Friday extended the Rs 200 per LPG cylinder subsidy under the Pradhan Mantri Ujjwala Yojana (PMUY) by one year in the wake of high prices of petroleum products in the international market.

Petroleum products can be part of GST and what is needed is the nod from the council members, said Union finance minister Nirmala Sitharaman on Wednesday.

European Union member states on Friday reached agreement on price caps for Russian petroleum products, ahead of an international embargo set to go into force over the weekend, Sweden said.

European Union member states on Friday reached agreement on price caps for Russian petroleum products, ahead of an international embargo set to go into force over the weekend, Sweden said.

Days after the United States imposed sanctions against a Mumbai-based petrochemical company on charges of selling Iranian petroleum products, India on Friday said it is looking into the issue.

Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.

Sri Lanka's Ministry of Power and Energy has said that 24 companies from 10 countries, including India have evinced interest in selling petroleum products in the crisis-hit country's petroleum sector, according to media reports.

Government on Wednesday said that production of petrol and diesel in the country is more than sufficient to take care of any demand surge

Country's exports increased 24.18 per cent to $9.39 billion during June 1-7

Three wagons of a goods train carrying petroleum products derailed near a railway yard on the Delhi-Mumbai route in Madhya Pradesh's Ratlam on Thursday night.

A case has been registered against two individuals for allegedly handling and storing a hazardous petroleum product without proper permits in Navi Mumbai's Uran town, police said on Wednesday.

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.

The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.

There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.

Petroleum and oil marketing companies have slashed the price of Commercial LPG cylinders by Rs 171.50 with immediate effect, according to sources on Monday.

The government on Friday extended the Rs 200 per LPG cylinder subsidy under the Pradhan Mantri Ujjwala Yojana (PMUY) by one year in the wake of high prices of petroleum products in the international market.

Petroleum products can be part of GST and what is needed is the nod from the council members, said Union finance minister Nirmala Sitharaman on Wednesday.

European Union member states on Friday reached agreement on price caps for Russian petroleum products, ahead of an international embargo set to go into force over the weekend, Sweden said.

European Union member states on Friday reached agreement on price caps for Russian petroleum products, ahead of an international embargo set to go into force over the weekend, Sweden said.

Days after the United States imposed sanctions against a Mumbai-based petrochemical company on charges of selling Iranian petroleum products, India on Friday said it is looking into the issue.

Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.

Sri Lanka's Ministry of Power and Energy has said that 24 companies from 10 countries, including India have evinced interest in selling petroleum products in the crisis-hit country's petroleum sector, according to media reports.

Government on Wednesday said that production of petrol and diesel in the country is more than sufficient to take care of any demand surge

Country's exports increased 24.18 per cent to $9.39 billion during June 1-7