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…
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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 …
New Delhi, May 10 (IANS) Prime Minister Narendra Modi on Sunday laid the foundation stone, inaugurated and dedicated to the nation multiple development projects worth around Rs 9,400 crore for Telangana aimed at creating large scale employment and better connectivity in the state.Addressing the gathering via video conferencing, the Prime Minister highlighted Hyderabad’s transformational significance as a centre of both national and global importance and outlined how multiple large-scale projects…
Hyderabad, May 10 (IANS) Prime Minister Narendra Modi on Sunday told Telangana Chief Minister A. Revanth Reddy that if the Centre extends to Telangana the same level of assistance that Gujarat received during the 10 years of Congress rule at the Centre, the state would end up getting only half of what it currently receives. PM Modi made the remarks in response to a request from the Chief Minister at an event in Hyderabad, where he launched and inaugurated projects worth Rs 9,400 crore.Seeking li…
Hyderabad, May 10 (IANS) The Zaheerabad Industrial Area in Sangareddy district and the Kakatiya Mega Textile Park in Warangal are among the key development projects to be inaugurated virtually by Prime Minister Narendra Modi at an event here on Sunday.The Prime Minister, who is visiting Telangana for the first time after assuming office for the third time, is scheduled to lay the foundation stone, inaugurate and dedicate to the nation multiple development projects worth around Rs 9,377 crore.Chi…
New Delhi, May 4 (IANS) The supply of domestic LPG is normal, with online bookings for cooking gas rising to 99 per cent on Sunday and no dry-outs reported at retail distributorships despite the disruptions due to the West Asia crisis, the Ministry of Petroleum and Natural Gas said on Monday.Domestic LPG deliveries based on the authentication code sent to the registered mobile number of the consumer have increased to around 94 per cent to prevent diversion at the distributor level.More than 23.5…
Jammu, April 23 (IANS) Jammu and Kashmir Lieutenant Governor (L-G) Manoj Sinha on Thursday asked teachers and students to adapt classrooms to the changing global landscape. The L-G inaugurated the new school building of Swami Pranavanand Vidyamandir in Panjgrain locality of Jammu’s Nagrota.The school is run by Bharat Sevashram Sangh, a renowned socio-cultural and philanthropic organisation.Bharat Sevashram Sangh started pre-primary to Class 8 education here in 2014 under ‘Har Ghar Shiksha’.More …
New Delhi, April 22 (IANS) A subsidiary company of Larsen & Toubro Ltd signed a long-term deal with Japan’s ITOCHU Corp on Wednesday to supply three lakh tonnes of green ammonia per annum from its proposed production facility at Kandla in Gujarat.ITOCHU will utilise the green ammonia supplied by L&T Energy GreenTech Ltd. to support its expanding green bunkering applications in Singapore and other locations, aligned with its strategy to develop a global green ammonia ecosystem across key …