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The government on Sunday cut the price of natural gas produced from difficult areas like deep sea KG-D6 block of Reliance Industries, marginally to USD 9.87 per million British thermal unit in line with softening of benchmark international gas prices, an official notification said. However, the

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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The modelling exercise, undertaken by the Petroleum Planning & Analysis Cell (PPAC), will also help India plan for its future refining capacity.

LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the Asia spot LNG price has declined between $8.3 and $9 per million British thermal units (mmBtu) due to weak demand and high inventory in both Asia and Europe, giving these companies room to expand sourcing and sales to the power, fertiliser, refining and other sectors.

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ALIGARH  : "There are three stages of life for a person – learning, earning and returning. First we obtain education, then we live a professional career and then we give back to our family, society, alma mater and the country. Right now you are in a

Indias crude oil imports jumped to a 21-month high in January as the worlds third-biggest oil importer and consumer shipped in more fuel to meet surging demand led by strong industrial activity.... -February 22, 2024 at 04:20 am EST - MarketScreener

According to the Petroleum Planning and Analysis Cell (PPAC), imports last month were the highest since April 2022, when the world’s third largest crude oil importer bought 21.6mt of the critical commodity, which accounts for more than 85 per cent of its domestic requirement

This decline in the value of oil and gas imports came despite a rise in import volumes, suggesting that the fall in prices was significant enough to offset the volume growth. In the first 10 months of the previous financial year, 2022-23 (FY23), India’s net oil and gas import bill was $124.8 billion.