OIL

Government keeping eye on volatile rupee, says Finance ministry official

India’s current account deficit hit a record high of $23.5 billion in May on account of higher commodity prices.

published on : 5th July 2022

Windfall tax on crude oil: Govt rakes in Rs 1.3 lakh crore; here's what brokerages say

JP Morgan said while the duties on steel/iron ore helped reduce domestic prices and curb inflation, a higher tax on gold should decrease imports and help the external balance marginally.

published on : 4th July 2022

Karnataka has miles to go for Open Defecation Free status

The challenges include water connections and land availability to construct toilets, besides the mindset of the people, slowing down progress towards the goal.

published on : 4th July 2022

Oil palm is the new buzzword in agriculture in Telangana

The district administration is encouraging the farmers to switch over to the new crop. It is supporting the farmers with supply of saplings.

published on : 3rd July 2022

Sri Lanka to get two fuel consignments in July: Lanka IOC

Fuel shortages have led to serpentine queues at retailers and with the end of the credit line worth USD 700 million granted by India, the pumps have run dry.

published on : 2nd July 2022

RIL, ONGC, OIL bleed post windfall, export levies 

Similarly, in ONGC traded volume was 12.57 crore shares (3 M average 2.6 crore) and delivery volume 2.87 crore (95.48 lakh ). 

published on : 2nd July 2022

Lanka IOC head granted special residence visa to woo more foreign investments to crisis-hit country

The news on IOC boss Gupta's visa came as the LIOC had come to the fore since early this week as the only source of fuel for much hassled private vehicle owners.

published on : 1st July 2022

India raises excise duty on fuel to curtail export by private fuel retailers

The decision seems to have been taken after private fuel retailers like Jio-BP and Nayara Energy reportedly exported oil to other countries, after acquiring cheap crude from Russia. 

published on : 1st July 2022

OPEC+ may not be much help with high oil, gasoline prices

OPEC, on the other hand, could help lower prices by increasing production, in theory. But that doesn't mean it will, even as Biden has urged the group to do so.

published on : 30th June 2022

Industry welcomes deregulation of locally produced oil

The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as petrol and diesel.

published on : 30th June 2022

Floor test cancelled as Uddhav Thackeray resigns; Maharashtra Assembly special session postponed

The BJP will approach the Governor to stake claim to form the government, which the Shinde faction would back with their 39 Shiv Sena MLAs and other independents.

published on : 30th June 2022

Government deregulates domestic crude oil market

The government on Wednesday deregulated the sale of domestically-produced crude oil, giving companies autonomy to sell their produce to whomever they want. 

published on : 30th June 2022

Maharashtra crisis: Supreme setback floors Thackeray government

Heavens won’t fall if the floor test does not happen in the Maharashtra Assembly today, Team Uddhav Thackeray argued in the Supreme Court on Wednesday.

published on : 30th June 2022

Government gives ONGC,Vedanta freedom to sell crude oil

The decision would allow Oil and Natural Gas Corporation and Oil India Ltd to sell their domestic produce to anyone offering the most price in an e-auction.

published on : 29th June 2022

Maharashtra crisis LIVE: Uddhav Thackeray quits minutes after SC refuses to stay floor test

The Supreme Court around 9 pm on Wednesday allowed the floor test to be held while stating that the outcome will be subject to the July 11 hearing at the apex court.

published on : 29th June 2022
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