Patna, July 17 (IANS) In a tragic turn of events, several school students collapsed inside the classroom in Bihar’s Muzaffarpur after a gas pipeline, in close vicinity of the school, suffered damage during an ongoing drainage construction work. Initial reports said that at least seven students fainted due to toxic gas emitting from the pipeline, and all of them were rushed to the nearby hospital. All of them are said to be stable.The incident took place on Muzaffarpur-Pusa Road near Rahua villag…
Latest Indian Oil News & Updates
Guwahati, July 16 (IANS) The countdown to the 135th Indian Oil Durand Cup began in Assam on Thursday with the arrival of the tournament’s iconic trophies in Guwahati, marking the launch of the trophy tour ahead of Asia’s oldest and India’s most prestigious football competition, officials said. The three historic trophies were unveiled during a ceremonial function at a luxurious hotel here in the presence of Sports and Youth Welfare Minister Biswajit Daimary, senior Indian Army officials, state g…
New Delhi, July 3 (IANS) The Ministry of Petroleum & Natural Gas on Thursday dismissed as false and misleading information being spread on social media platforms that ethanol blended petrol (E20) is harmful for vehicles, causes higher pollution, and leads to water wastage in the production of crops for ethanol.The Ministry said that it “categorically assures all vehicle owners that these fear-mongering claims are false, baseless, scientifically unfounded and inconsistent with extensive techn…
New Delhi, July 1 (IANS) India’s energy security has evolved into a robust and resilient system supported by diversified crude oil imports, expanded refining capacity and coordinated crisis management, former Bharat Petroleum Corporation Limited (BPCL) Marketing Director Sukhmal Kumar Jain said.Jain said the government has significantly strengthened the country’s energy ecosystem by diversifying crude oil import sources, expanding refining capacity, developing strategic petroleum reserves and en…
New Delhi, June 14 (IANS) Union Minister of State for Petroleum and Natural Gas Suresh Gopi said on Sunday that any decision on revising the prices of petrol, diesel and LPG in the domestic market would depend on the availability and stability of crude oil supplies in the global market.Speaking to reporters in Kerala’s Thrissur district, Gopi said the Centre was keeping a close track of developments in global energy markets before taking any call on fuel prices. “Let us see the supply of crude…
New Delhi, June 8 (IANS) India’s clean industrial investment pipeline has reached an estimated $433.07 billion, with the country emerging as the world’s third-largest hub for clean industrial projects, a report said on Monday.According to Mission Possible Partnership’s latest Global Project Tracker, India now ranks third globally in terms of clean industrial project pipeline by number of projects, behind China and the United States.The pipeline spans 65 projects across four sectors and 11 …
New Delhi, May 25 (IANS) Government-owned oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum — are still losing around Rs 600 crore a day despite the increase in petrol and diesel prices announced on May 25, a senior government official said on Monday.This is the fourth increase in the prices of the two fuels over the last 10 days. The oil companies raised the price of petrol by Rs 2.61 a litre and that of diesel by Rs 2.71 per litre. The increase takes the cumulati…
New Delhi, May 19 (IANS) The government has ensured that the price hike in petrol and diesel has been restricted to 4.4 per cent, the lowest among major economies, while that of domestic liquefied petroleum gas has remained constant, by reducing excise duty and asking the oil companies to absorb the losses due to the cost of imported crude soaring past $100 a barrel. Public sector oil companies have absorbed under-recoveries of Rs 24,500 crore on petrol and diesel to keep pump prices on hold, be…
New Delhi, May 15 (IANS) The marginal Rs 3 per litre hike in petrol and diesel prices announced by the government is a mere drop in the bucket compared to the huge losses that the public sector oil companies are absorbing due to soaring global prices of crude oil, which have crossed $100 a barrel, a senior official said on Friday.The small increase reflects the Centre’s broader strategy of protecting consumers from the full impact of the global oil shock, the official said.Sources said petrol un…
New Delhi, May 11 (IANS) Defence Minister Rajnath Singh on Monday chaired the fifth meeting of the Informal Group of Ministers to review the existing risks to energy supply chains and domestic availability of essential commodities in the wake of the conflict in West Asia. “The government, under the leadership of PM Modi, has been working to ensure uninterrupted supplies of essential goods across the country,” the minister said in a post on X.Singh urged people to remain calm and avoid …