Petrol diesel prices remain unchanged
New Delhi, Apr 7 (UNI) Despite the continuing decline in the prices of crude oil in the international market, there is no change in the prices of petrol and diesel domestically for the eighth consecutive day on Wednesday.
On March 30, petrol in Delhi was reduced by 22 paise to Rs 90.56 per litre, and diesel was also slashed by 23 paise to Rs 80.87 per litre.
According to Indian Oil Corporation Limited, an oil marketing company, there has been no change in the prices of petrol and diesel on Wednesday.
There was a sharp fall in the price of crude oil in the international market yesterday due to the possibility of Corona wreaking havoc all over the world and affecting demand in many countries. London Brent crude has fallen below $62 per barrel.
Technip Energies to upgrade Barauni Refinery in India
4/7/2021
Technip Energies has been awarded a significant(1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India.
This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels – similar to Euro VI Grade fuels – and petrochemicals.
Bhaskar Patel, Senior Vice President India Business Unit at Technip Energies commented: “We are very pleased to have been awarded this contract by Indian Oil Corporation Limited. This award demonstrates our long-term commitment in India and substantially consolidates our positioning in High Operating Pressure pro
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April 06, 2021 07:27 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
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Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week.
Energy relations between India, the world s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
New Delhi blames cuts by the Saudis and other oil producers for driving up crude prices as its economy tries to recover from the pandemic.
State-run refiners have placed orders to buy 9.5 million barrels of Saudi oil in May, compared with the previously planned 10.8 million barrels, three sources said.
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