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GAIL (India) Ltd and Indraprastha Gas Ltd emerge as top bidders in Reliance Industries Ltd's recent e-auction of coal-bed methane gas. The auction, held for 0.90 million standard cubic meters per day, saw GAIL acquiring 0.63 mmscmd and IGL picking up 0.14 mmscmd. Bidders offered premiums of up to USD 11 per million British thermal unit, based on 12.67% of the Brent crude oil price. The gas supply contracts span 1 to 2 years from April 1.

Get latest articles and stories on Latest News at LatestLY. State-owned gas utility GAIL (India) Ltd and the nation's largest city gas operator Indraprastha Gas Ltd have walked away with most of the coal seam gas that Reliance Industries Ltd auctioned, sources said. Latest News | GAIL, IGL Walk Away with Reliance Gas; Bid at USD 11 Per Million BTU.

Receipts from corporate and personal income tax are projected to account for 57.4% of the Centre’s gross tax revenue in FY25, the highest since 2009-10.

India's fuel consumption, a proxy for oil demand, rose in January by 8.2% year-on-year to about 20.038 million metric tons, data from the Petroleum Planning and Analysis Cell of the oil ministry... -February 08, 2024 at 01:19 am EST - MarketScreener

Total consumption, a proxy for oil demand, totalled 20.04 million tonnes in January, up from 18.51 million tonnes last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.