Page 4 - Petroleum

DPIIT launches paperless licensing process for petroleum service stations

Paperless application and grant of licence process for road tankers for transportation of petroleum under the rules has already been launched earlier this month.

Petroleum products, engineering goods drive India's export growth

Exports of petroleum-related products also grew at a higher rate of 7.8 per cent during 2019.

Aluminium firms seek cut in input duties as production costs, imports swell

Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina

Why competition fails to cut petrol price despite govt easing entry barrier

Despite six major firms selling fuel and govt easing entry barrier, price remains same across sellers and differs state-to-state

Best of BS Opinion: Of govt responsibility and people lacking clear ideas

Here's a selection of Business Standard opinion pieces for the day

How move to allow new players in fuel marketing can be made more effective

The govt has taken a major step towards liberalising its policy on petroleum retail; now, refinery pricing needs to be made more transparent

Union Budget 2019: Discoms buying from gas units to now get subsidy

Of the 24,150 Mw of gas-based power generation capacity, 14,305 Mw has no supply of domestic gas

Petroleum definition changed for uniformity in operations: Government

The move will open up more revenue opportunities for many of the 117 companies that were operating in India after the conclusion of the ninth round of NELP

Bengaluru-based startup directed to stop delivering diesel, 'citing safety'

CEO has requested the Petroleum minister to pass an interim order for certain quantity of delivery

India's petroleum self-sufficiency at its lowest since 2011

For the month of April, this percentage fell further to 16.6%

Itochu to invest Rs 250 cr in Aegis Logistics' Haldia LPG terminal project

Japanese firm to pick up 19.7% stake in Hindustan Aegis LPG Company, which is building the project

Indian Institute of Petroleum and Energy at Vizag receives Cabinet nod

Cabinet has also approved Rs 655.46 crore as capital expenditure to set up IIPE

Indian Oil finishes Mathura-Jalandhar pipeline repair to stop pilferage

An instance of illegal tapping on Mathura-Delhi section of the pipeline was detected on Feb 17, 2017

Rosneft and consortium led by Trafigura buy Essar Oil for $ 10.9 bn

Essar Group will also receive an additional Rs 13,300 crore ($ 2 billion) for the acquisition of Vadinar Port, which has storage and import-export facilities

Essar Oil plans Rs 1,600 cr investment in Vadinar refinery to boost GRMs

While it has already invested Rs 400 crore during planned shutdown, it will spend additional Rs 1,200 crore over 2-3 years for upgradation

GSPC asks ministry, Bharat Petroleum to make Sabarmati Gas 'more active'

Apart from domestic gas consumers, SGL services 244 industrial and 471 commercial gas consumers in Gujarat

Petroleum exports to Europe may get hit though fall in crude oil will help buyers

Indian petroleum products were pushed to fourth rank with $30 bn of exports in 2015-16 from first in previous year