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Euro-IV petrol, diesel in 50 more cities by March 2015

The government will extend supply of Euro-IV grade petrol and diesel to 50 more cities by March next year in an attempt to cut vehicular pollution in major towns.    Presently,......

LPG to cost Rs 3.50 more per cylinder

Domestic cooking gas (LPG) rates may soon go up by almost Rs 3.50 per cylinder in case the government accepts a recommendation for increasing the commission paid to dealers by over 9 per cent. The......

BPCL offers surplus kerosene as India turns to LPG

Bharat Petroleum Corp (BPCL) has offered a kerosene cargo, turning seller for the first time, to export surplus capacity as domestic demand wanes, industry sources said on Tuesday.The state-owned......

India trims fuel demand forecast on slow growth

India cut its forecast for fuel demand in the current fiscal year by nearly 1 per cent to 155.6 million tonnes, government data showed, due to a slowdown in economic activity.The economy, which......

Petroleum export volumes drop 7% in H1

Petroleum product export was down 7 per cent in April-September, contrary to anticipation, despite a boost in the country's refining capacity after the Bina and Bathinda projects.The drop, experts......
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CAIRN INDIA CUTS CAPEX GUIDANCE BY $700 MILLION

Mumbai: Cairn India Ltd, a unit of London-listed Vedanta Resources Plc, will spend less than half of what was originally planned in capital... ...

http://www.ipanewspack.com/oilgas-2/cairn-india-cuts-capex-guidance-by-700-million/
Global crude oil price of Indian Basket was US$ 58.51 per bbl on 04.03.2015

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of... ...

http://pib.nic.in/newsite/PrintRelease.aspx?relid=116481
India's fuel demand likely to rise 3.3% in 2015-16

The growth in the demand for diesel, which accounts for more than 40% of refined fuel consumption in India, is set to rise 4.1% to 71.3 mt while... ...

http://smartinvestor.business-standard.com/market/Econnews-298559-Econnewsdet-Indias_fuel_demand_likely_to_rise_33_in_2015_16.htm
ONGC's western offshore fields output reaches five-year high

This increase in production at ONGC, India's biggest explorer, gives an indication that the company might finally see an overall increase in total... ...

http://www.livemint.com/Companies/k972THJnc9RpNRr2OSbGJJ/ONGCs-western-offshore-fields-output-reaches-fiveyear-high.html
BUDGET COULD TURN OUT TO BE A MAJOR POSITIVE FOR UPSTREAM OIL FIRMS

NEW DELHI: Budget 2015-16, to be presented in Parliament on Saturday, is likely to be a major positive for upstream oil and gas companies,... ...

http://www.ipanewspack.com/oilgas-2/budget-could-turn-out-to-be-a-major-positive-for-upstream-oil-firms/

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