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Cooking gas or liquefied petroleum gas (LPG) sales increased 2.6 percent to 1.93 million tonnes, while naphtha sales surged 11.0 percent to 1.07 million tonnes.
In its monthly report, the Organization of the Petroleum Exporting Countries said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude.
Petrol is being sold in Delhi at Rs.76.36 per litre, as against Rs.76.13 on Sunday, while diesel is being sold at Rs.68.07 per litre, as against Rs. 67.86 on the previous day.
In the other major cities of Kolkata, Mumbai and Chennai, petrol was sold for Rs 78.80, Rs 83.52 and Rs 79.01 per litre on Sunday.
ONGC Board had on March 28, 2016, approved investing USD 5.07 billion in bringing to production a cluster of discoveries in the Bay of Bengal and the first gas was expected by December 2019.
Currently, diesel, petrol, crude oil, natural gas and aviation turbine fuel are outside the purview of goods and services tax, and states have the right to impose value-added tax on these items.
The youth was tied to a pole at a petrol pump and mercilessly flogged with a whip for staying away from duty sans permission.
The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38, according to price notification of Indian Oil Corp (IOC).
With around 200 million barrels per annum,India is the third largest consumer of fossil fuels after the US and China and is one of the few markets that has a steady demand growth.
The SPR facilities to be located at Chandikhol in Odisha and Padur in Karnataka will be underground rock caverns and have capacities of 4 MMT and 2.5 MMT respectively.
India will set up a 4.4-million-tonnes SPR at Chandikhol in Odisha, and a 2.5-million-tonnes facility at Padur in Karnataka.
Chennai Petroleum Corporation Limited (CPCL) will provide solar power, safe drinking water and improved sanitation in three villages that are close to Cauvery Basin Refinery in Nagapattinam.
Secretary of Union Chemicals and Petrochemicals Ministry P Raghavendra Rao said the Central Government is planning to make Petroleum, Chemicals and Petrochemicals Industrial Region (PCPIR) policy more
Speaking at an OPEC seminar, Pradhan said that often global trade practices in the field of oil and gas are not contributing to energy access and affordability to all.
Government mulls petrol, diesel under GST; peak tax rate of 28 per cent plus VAT could be new tax structure
The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the central government, and VAT charged by the states.