Lpg

Commercial LPG prices hiked by Rs 16.5, jet fuel costlier by 1.45%

Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. This is the second straight monthly increase in jet fuel prices. Rates were increased by Rs 2,941.5 per kl (3.3 per cent) on November 1. That hike came after two rounds of reduction which had taken the rates to their lowest level this year. ATF price on October 1 was cut by 6.3 per cent (Rs 5,883 per kl) and by Rs 4,495.5 per kl, or 4.58 per cent on September 1. The ATF price in Mumbai was increased to Rs 85,861.02 per kl on Sunday from Rs 84,642.91 previously. Oil firms also increased the price of commercial LPG b

Arvindar Singh Sahney will be new chairman of Indian Oil Corporation

Arvindar Singh Sahney will be the new chairman of Indian Oil Corporation, the nation's largest oil firm, according to an order issued by the petroleum ministry on Wednesday. Sahney, 54, is currently Executive Director (Business Development - Petrochemicals), Indian Oil Corporation Ltd (IOC). He was in August selected to be the company's director for business development but has now been appointed as the chairman of the firm. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of this ministry for appointment of Shri Arvindar Singh Sahney, Executive Director, IOC to the post of Chairman, IOC, for a period of five years with effect from the date of his assumption of charge of the post, or till the date of his superannuation, or until further order, whichever is the earliest," the Ministry of Petroleum and Natural Gas said in an order. The post of chairman IOC fell vacant after Shrikant Madhav Vaidya completed his extended tenure on August 31, 2024. Currently, .

The petrochemical shift that could quench LPG production thirst

IndianOil's petrochemical strategy is primarily based on utilising captive feedstocks, he said

Commercial LPG rate up by Rs 6.5 per cylinder, jet fuel price hiked 2%

Jet fuel, or ATF price, on Thursday was hiked 2 per cent and the rate of commercial LPG used by hotels and restaurants by Rs 6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked Rs 1,827.34 per kilolitre, or 1.9 per cent, to Rs 97,975.72 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is second straight monthly increase in jet fuel rates. ATF prices were on July 1 hiked by 1.2 per cent (Rs 1,179.37 per kl). That increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 91,650.34 per kl on Thursday from Rs 89,908.31 previously. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms increased the price of commercial LPG by Rs 6.5 to Rs 1,652.50 per 19-kg cylinder. The increase follows four monthly price reductions, the last on

Aadhaar-based eKYC for LPG users by OMCs: Here's all you need to know

The Indian government has initiated Aadhaar-based eKYC authentication for LPG customers

Bharat Petroleum, Vitol Asia among eight bidders for Sri Lanka LPG terminal

Litro holds the largest market share in Sri Lanka's duopoly LPG market that is mostly focused on domestic gas supplies

Govt hikes jet fuel price by 1.2%, reduces commercial LPG by Rs 30

Jet fuel or ATF price on Monday was hiked by 1.2 per cent while that of commercial LPG used by hotels and restaurants cut by Rs 30 per 19-kg cylinder in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked by Rs 1,179.37 per kilolitre, or 1.2 per cent, to Rs 96,148.38 per kl in the national capital, according to a price notification of state-owned fuel retailers. The increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 89,908.30 per kl from Rs 88,834.27. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms cut the price of commercial LPG by Rs 30 to Rs 1,646 per 19-kg cylinder. This is the fourth straight monthly reduction in rates. The price was last cut by Rs 69 per cylinder on June 1. Prior to that, rates were on May 1 reduced by Rs 19 per cylinder, and by Rs 30.5 on April 1. Rate of cooking gas used in domestic househol

Oil marketing companies slash commercial LPG cylinder prices by Rs 30

Commercial LPG cylinder prices for July have been further cut by Rs 30, after being reduced by Rs 70 in June. Its aimed at providing relief to enterprises in the food and hospitality industries

India's inflation also K-shaped; villagers more hurt by price-rise: HSBC

Just like the post-pandemic recovery, the Indian inflation story is also 'K-shaped' and is hurting certain sections more than others, a foreign brokerage said on Tuesday. Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May, mainly due to higher food inflation. "The same developments, driving a K-shaped recovery, seem to be driving K-shaped inflation dynamics," they said in a report. The report by its chief economist Pranjul Bhandari cited the ongoing heat waves, pointing out that higher food and lower core inflation are coexisting because of crop damage and livestock mortality pushing up the former. The government lent a helping hand by cutting several fuel prices but many of the fuels like petrol, diesel and LPG are not commonly used in rural areas, like they are in urban centres, leading to rural inflation being much higher than urban, it said. The report no

Commercial LPG cylinder price reduced by Rs 19; Here are the revised rates

A 19 kg cylinder will now costs Rs 1,745.50 in Delhi as against Rs 1,764.50 as of last month

Petregaz India commissions its Rs 600 cr LPG import and storage terminal

Petregaz India, a subsidiary of Petredec Group has commissioned its new state-of-the-art LPG Import and Storage Terminal that has been set up at an outlay of Rs 600 crore, the company said on Saturday. The new facility located within the Adani Krishnapatnam Private Port at Krishnapatnam in neighbouring Andhra Pradesh would benefit private marketers as well as residential, commercial, industrial, and automotive consumers. The newly commissioned facility, with an investment of Rs 600 crore, enables Petregaz to deliver cost-effective, and dependable solutions to LPG marketers, the company said in a statement. With an annual capacity of over 1.5 million metric tonnes, the facility has excellent road connectivity to the hinterland of Tamil Nadu, Telangana, Karnataka, and Andhra Pradesh. The terminal also has two refrigerated storage tanks, a modern jetty with no congestion and capable of berthing all types of LPG vessels, 16 truck loading bays among others. "Government-run oil companie

LPG cylinder prices: PM Modi cuts cooking gas prices by Rs 100

Govt extends subsidy on cooking gas by a year at Rs 12,000 cr cost

Modi's government already hiked the subsidy for low income households twice last year to 300 rupees per liquefied petroleum gas (LPG) cylinder from 200 rupees earlier to rein in inflation

India's three-wheelers segment charged up with electric transition

Most of the electric auto drivers charge at homes or at commercial establishments which have charging facilities. Some said they sneak charge at public places such as schools, malls, market places etc

Traditional cooking practices in northeast pose more health risks than LPG

An IIT Mandi study found that traditional cooking practices that use biomass fuel in northeast Indian states lead to alarming health risks compared to LPG-using kitchens

North East LPG cylinder transporters of IOC go on indefinite strike

LPG cylinder transporters of Indian Oil Corporation on Wednesday went on an indefinite strike for the second time in less than two months, alleging pending dues and low rates in recently floated tenders. An IOC official, however, termed the strike as illegal. The decision to go for the shutdown was taken after a meeting called by the Food, Public Distribution & Consumer Affairs Department of Assam between IOC and the North East Packed LPG Transporter Association (NEPLTA) failed to yield any solution to the prolonged stalemate. "The government called us yesterday to talk about our demands. We reiterated our old issues, mostly related to pending dues and low rates in the tenders. However, the IOC was reluctant to talk about those," NEPLTA chief adviser Kumud Nath told PTI. The association had also written to the chief secretary on January 5, raising the same issues and urged him to take necessary steps, he said. "The government had called yesterday's meeting, accordingly, to find ..

CRISIL analysis: Oil, gas use to see 10-15% rise in FY24 amid sector growth

The trends indicate a positive trajectory across various segments of natural gas consumption

IOC, LPG carriers reach truce after month long protest, NE supplies resume

Indian Oil Corporation's LPG cylinder transporters have withheld their agitation for a month after the company agreed to several of their demands, officials said on Monday. Members of the North East Packed LPG Transporter Association (NEPLTA) had on December 4 stopped plying their trucks, alleging pending dues and low rates in recently floated tenders, thereby affecting supply of LPG in several states of the region. "We have ended our strike temporarily after marathon discussions with the company management last week. They have agreed to several of our demands," NEPLTA Chief Advisor Kumud Nath told PTI. When contacted, an Indian Oil Corporation official confirmed the development, and said the association has resumed operating trucks from Saturday night for one month till further discussions take place. "During this period, IOC will work on our grievances. If they fail in that effort, we will consider our next course of action accordingly," Nath said. As per the signed minutes of t

ATF price cut by 4.6%; commercial LPG rate hiked by Rs 21 per cylinder

Jet fuel or ATF price was on Friday slashed by 4.6 per cent - the second reduction in one month - while commercial cooking gas (LPG) rate was raised by Rs 21 per 19-kg cylinder in line with international benchmarks. However, price of domestic LPG - used in household kitchens for cooking purposes - remained unchanged at Rs 903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was reduced to Rs 1,06,155.67 per kilolitre in the national capital from Rs 1,11,344.92 per kl, according to a price notification of state-owned fuel retailers. Alongside, price of commercial LPG used by establishments such as hotels and restaurants, was increased to Rs 1,796.50 per 19-kg cylinder from Rs 1,775.50.

Rajasthan's financial, economic landscape resembles a desert mirage

Gehlot needs to remember that while needs and wants are unlimited, resources are scarce