Lpg

GAIL signs agreement with Shell Energy India on ethane sourcing

It is primarily used as petrochemical feedstock and is separated from the other components of natural gas in most well-developed gas fields

Delhi CNG prices rise 38%, LPG cylinder 22% costlier in last one year

The price of CNG has shot up by nearly 38 per cent while the price of an LPG cylinder increased by about 22 per cent in Delhi during the period of last one year.

Domestic LPG cylinder price hiked by Rs 50 from today; details here

LPG cylinder price today: The price for a 19 kg commercial cylinder has also been hiked by Rs 350.5

LPG cylinder refills by PMUY beneficiaries woefully inadequate, shows data

More than 95.8 million gas connections have been released under PMUY as of February 2, 2023, reveals data available on the official PMUY website

Truck carrying LPG cylinders rams into another in Ajmer, four dead

An LPG-laden truck collided with another one carrying marble in Rajasthan's Ajmer district, leaving four people dead and another injured, police said on Friday. The accident occurred on national highway-8 near Rani Bagh resort on Thursday night, leading to a huge traffic jam on the highway, they said. The fire engulfed neighbouring shops and residences causing damage to property. "Four persons were burnt alive and another was injured in the accident. Neighbouring shops and residences also caught fire," Ajmer Superintendent of Police Chunaram Jat said. He said the fire was doused late last night and traffic has now been restored on the highway. Police teams are assessing the loss and identifying the bodies, he added.

LPG can be sold at more economical rates if international price comes down

If international price of fuel comes down from its current price of USD 750 per metric tonne, domestic LPG can then be sold at "even more economical rates," the Centre told Lok Sabha on Thursday. The day international price is determined by a "variety of factors" and "one of the analysis I read said that in a few years time it will all be thing of the past because there will be so much gas available," Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said in the Lower House. "But we will have to navigate the next two or three years through the kind of global situation as it exists today and as it is evolving," he added. The Minister was replying to questions of the members who wanted to know why the cost of the domestic gas cylinders is not being reduced. He said the government is "sensitive" to the requirements of the consumers, particularly the most vulnerable. "We did not allow the cost of domestic LPG to increase. The Saudi contract price went up by 330 per cent,

LPG connections up to 325 million: Union minister Puri tells Lok Sabha

Number of LPG connections increased from 14 crore in 2014 to 32.5 crore this year. Of these, 9.6 crore connections were provided under Pradhan Mantri Ujjwala Yojana (PMUY), Union Minister Hardeep Singh Puri told the Lok Sabha on Thursday. To create awareness and improve LPG usage among PMUY beneficiaries, the government and Oil Marketing Companies organised LPG panchayats, social media campaigns and public events across the country, the minister for petroleum and natural gas said during the Question Hour. Highlighting the steps taken by the government to encourage LPG consumption, Puri said a subsidy of Rs 200 on 14.2 kg refill up to 12 refills per year had been given for 2022-23, in addition to the options of 5 kg Double Bottle Connection and swap from 14.2 kg to 5 Kg, upto three free refills under Pradhan Mantri Garib Kalyan Package from April to December 2020. The PMUY was launched in 2016. Despite rise in international prices, he said, the government maintained a lower gas ..

Domestic LPG cylinders to come with QR codes: Check benefits, other details

"All domestic gas cylinders will have QR code in the next three months", said IOCL chairman Shrikant Madhav

SHV Energy expands LPG terminal capacity by 30,000 metric tonne at TN plant

SHV Energy Pvt Ltd, a subsidiary of Dutch multinational SHV Energy N V, has expanded its LPG terminal capacity by 30,000 metric tonne in Tamil Nadu at an outlay of about Rs 500 crore. The facility in Tuticorin would be ramped up from 8,500 metric tonne to 38,500 metric tonne, representing an investment of about Rs 500 crore, the company said on Thursday. SHV Energy Pvt Ltd set up in 1996 under the brand name SUPERGAS has seven import terminals, 20 filling plants. The terminal expansion was inaugurated today by top officials including SHV Energy Bram Graber, SUPERGAS CEO Santanu Guha and other officials, a company statement said. "This expansion will allow us to offer government-run oil companies both the LPG and the storage facilities they need, thereby optimising logistics and strengthening the overall LPG landscape in India, " Graber, who is a member of the World LPG Association Board of Directors, said. LPG would help accelerate India's long term energy needs and would support

Analysts see a ray of hope for oil marketing firms after a difficult Q2

Although the Indian crude basket fell from an average of $109.5 per barrel in Q1 to an average of $97.87 a barrel in Q2, prices remained high in absolute terms

Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2

The company blamed depressed marketing margins on motor fuels and LPG as the main reason for its profitability being impacted over the latest quarter

One in every 10 petrol pumps in India now offering CNG, EV charging

India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities

Gujarat govt to give two cylinders free to Ujjwala beneficiaries

The state govt has also announced 10% value added tax reduction on compressed natural gas and piped natural gas

Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%

Business Standard brings you top news of the evening

Govt to give Rs 22,000-cr one-time grant to oil PSUs to cover LPG losses

The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost in the last two years, I&B Minister Anurag Thakur said on Wednesday. The Union Cabinet headed by Prime Minister Narendra Modi at a meeting on Wednesday, approved the one-time grant to three oil marketing companies - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), Thakur told a news briefing. The grant will be for covering the losses they incurred on selling LPG below cost to consumers from June 2020 to June 2022. The three firms sell domestic LPG at government-regulated prices to consumers. Between June 2020 to June 2022, the international prices of LPG soared by around 300 per cent. However, to insulate consumers from fluctuations in international LPG prices, the cost increase was not fully passed on to consumers of domestic LPG,

Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar

As global prices soar, another committee to review gas pricing policies may find the going more challenging

Govt allows retrofitment of CNG and LPG kits in BS-VI compliant vehicles

The government has allowed retrofitment of CNG and LPG kits in petrol and diesel vehicles that are compliant with BS-VI emission norm. As of now, such modifications are permissible only in vehicles that are compliant with BS-IV emission norm. "This ministry... has notified retrofitment of CNG and LPG kit on BS (Bharat Stage)-VI gasoline vehicles and replacement of diesel engines with CNG/LPG engines in case of BS-VI vehicles, less than 3.5 tonnes," the Ministry of Road Transport and Highways (MoRTH) said in a notification. The notification lays down the type approval requirements for retrofitment. CNG is an environment-friendly fuel and will reduce the emission levels of carbon monoxide, hydrocarbon, particulate matter and smoke as compared to petrol and diesel engines, the ministry said, adding that the notification has been formulated in consultation with stakeholders.

Explained: Can Droupadi Murmu help bridge Mayurbhanj's development gap?

Education, healthcare, access to basic facilities are lower than national average

India's petrol, diesel sales jump in first fortnight of June

Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.

India's fuel demand up 22% YoY in May from low base in 2021: S&P Global

India's oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note.