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India proposes to re-evaluate its plan to store its strategic oil reserves in facilities available in the US as the country looks to bolster domestic storage that is considered a safer and better option to deal with excess price volatility and ...
ONGC's plan to merge MRPL with HPCL may have to wait till FY24 By Subhash Narayan ( IANS) | Published on Sun, Jan 17 2021 9:21 IST | 0 Views Petrol. (File Photo: IANS). Image Source: IANS Infographics New Delhi, Jan 17 : State-run oil and gas explorer ONGC's plan to complete the merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed. The process is now expected to be completed by FY24 as ONGC has decided to consolidate its refining and petrochemicals business around MRPL first before...
After oil, India may now build strategic reserve of natural gas to further strengthen the country's energy security and shield itself from supply disruptions and frequent price fluctuations coming from perennial political risks in the prime ...
Nepal to kickstart overseas participation on Indian power exchanges Sun, Dec 20 2020 12:46:20 PM By Subhash Narayan New Delhi, Dec 20 (IANS): Indian power exchanges may soon host buyers and sellers from neighbouring countries as India looks to operationalise cross-border sale and purchase of electricity for which regulations were finalised last year. As per the plan, power producers from neighbouring Nepal would be the first to get access to Indian power exchanges through a power trader to undertake both short term and long term power sale contracts. Sources said that initial talks for cr...
Government's greed for revenue keeps petrol, diesel prices close to all-time high levels Wed, Dec 16 2020 05:23:40 PM By Subhash Narayan New Delhi, Dec 16 (IANS): Oil companies may have provided relief to consumers by keeping the pump prices of petrol and diesel static for the past nine days even on rising global oil prices, but it is the heavy load of taxes that has kept the two auto fuels price closer to all-time high levels now with the pandemic-affected revenue stream preventing the government from considering a duty cut. Taxes and duties now account for 62.5 per cent of the retail pr...