Page 5 - Petroleum Sector

India saved over Rs 30 K-cr in 2020-21 over falling hydrocarbon prices

Analysts expect trend to continue in 2021-2022

India saved over Rs 30,000 cr despite rising petro product imports in FY21

Analyst expect trend to continue this fiscal

Fall in global crude oil prices gives hope for dip in domestic fuel rates

Resultantly, global fears have resurfaced on the slowdown economic recovery due to this wave

Obit: G V Ramakrishna, the ever-vigilant public servant

As SEBI chairman, in 1992, Ramakrishna presided over the transformation of the institution from an administrative body to a statutory body.

Pradhan urges GST Council to bring petroleum products under its purview

The move, if carried out, will be a big relief for the common man, Pradhan said

PM Narendra Modi launches Rs 3,222-crore petro, gas projects in Assam

PM Modi enumerated steps taken by the state government led by Sarbananda Sonowal

Sustained marketing margins, recovering demand aid profitability of OMCs

The agency expects above long-term average MMs from FY22, which should aid GRMs in the short term

Rajasthan govt interacts with global investors to promote investment

The Rajasthan government on Wednesday interacted with investors and companies from various countries regarding opportunities in the proposed petroleum, chemicals and petrochemicals investment region

Banking on Budget: Some key indirect tax measures govt should focus on

Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally

BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses

The company expects year-on-year demand growth of petroleum products, like diesel and petrol, in the March quarter

Fuel prices unchanged across cities; petrol at Rs 80.43 per litre in Delhi

Petrol and diesel prices remained unchanged across metro cities on Sunday.

India in talks to store crude in US strategic petroleum reserves: Pradhan

Dharmendra Pradhan said the two nations have signed a memorandum of understanding to begin co-operation on strategic petroleum reserves

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India

Oil at highest since March on lower US inventories, recovering demand

Crude prices have slumped in 2020, with Brent hitting a 21-year low below $16 a barrel in April as demand collapsed

Fiscal math of the imponderables

Growth holds the key to the government's fiscal deficit slippage

Rethinking gas

India must rebalance its energy expectations away from coal

With gradual demand recovery, IOC rolls back refinery production cuts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

Covid-19: India's fuel consumption falls 46% in April, may rebound in May

Fuel consumption during March, when travel restrictions began to be imposed to curb the spread of coronavirus, stood at 16.08 million tonnes

UP hikes tax on liquor, petrol; eyes additional mop up of Rs 4,420 cr

Since petrol and diesel do not fall under GST, states enjoy considerable leverage in imposing such taxes at the local level

Trading opportunity in energy sector

Traders can benefit from price volatility in the months to come