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Oil marketing cos to ride the low crude oil gravy train in Q1

Lower crude oil costs and higher marketing margins are expected to raise the fortunes of oil marketing companies (OMCs) in the first quarter (Q1) of 2023-24 (FY24), while city gas distribution......

MGL slashes CNG price by Rs 8, PNG by Rs 5 in Mumbai

Gail India subsidiary Mahanagar Gas (MGL) on Friday announced a steep reduction in the retail price of compressed natural gas (CNG) by Rs 8/kg and domestic PNG (piped natural gas) by Rs 5/SCM......

Govt revises gas pricing formula; CNG, piped cooking gas to cost 10% less

The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent.......

Russia's Gazprom turns off tap, Gail's hunt for LNG may continue for a year

 So far, GMTS has defaulted on the supply of more than 20 cargoes or shiploads, 13 of which were set to be received in the second quarter. Photograph: Adnan Abidi/Reuters State-run largest......

Gas prices hiked 40%; CNG, PNG to cost more

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step......

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The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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