New Delhi, June 3 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved one-time budgetary support of Rs 10,000 crore for Oil Marketing Companies (OMCs) to provide ATF price stabilisation support to Scheduled Indian Airlines for their domestic and international operations amid the West Asia crisis.The budgetary support will be in the form of interest-free advances to OMCs through the Demands for Grants of the Ministry of Petroleum and Natural Gas. It will shiel…
Latest Ministry of Petroleum and Natural Gas News & Updates
New Delhi, June 3 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a landmark two-year scheme aimed at reducing air pollution in the Delhi–NCR region and promoting cleaner mobility.With a total financial outlay of Rs 9,585 crore, including Rs 5,041 crore from the Central Government and an estimated Rs 1,601 crore in tax concessions from the participating states, the scheme seeks to incentivise owners of trucks and buses registered in the Delhi–NCR regi…
New Delhi, June 1 (IANS) While the market price of LPG has shot up to Rs 1,200 per cylinder in the global market, the Ujjwala households are still being supplied the gas at Rs 613 per 14.2 kg cylinder, as the government is footing a subsidy of Rs 587 per cylinder, a senior petroleum ministry official said. In effect, the Ujjwala households are paying only half the market price for the gas while the government is bearing the cost of the rest by providing a subsidy to protect them from the price r…
Mumbai, May 30 (IANS) Compressed natural gas (CNG) prices in Mumbai Metropolitan Region (MMR) rose after Mahanagar Gas Limited (MGL) on Saturday hiked prices by Rs 2 per kilogram, taking the retail rate to Rs 86 per kg.The revised price applies across Mumbai, Thane, Navi Mumbai and other areas served by the company. The CNG rate hike is the second one this month, after MGL raised rates by Rs 2 per kg on May 14.The company has also raised the rate of piped cooking gas by 50 paise per unit in MMR….
New Delhi, May 27 (IANS) Under the direction of the government, the public sector oil companies are currently absorbing losses on the sale of petrol, diesel, and LPG to the tune of Rs 550 crore per day as they have refrained from passing on the full increase in global prices to protect domestic consumers, the Ministry of Petroleum and Natural Gas said on Wednesday.This cushion, which has been put in place due to the disruption caused by the West Asia crisis, is intended for the retail consumers:…
New Delhi, May 25 (IANS) Fuel prices were again hiked for the fourth time in a span of two weeks on Monday across the country.State-owned oil marketing companies on Monday increased petrol prices in Delhi by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre. With the latest revision, petrol is now being sold at Rs 102.12 per litre, up from Rs 99.51 per litre, while diesel prices have climbed to Rs 95.20 per litre from Rs 92.49 per litre.The fresh hike comes just two days after fuel prices…
New Delhi, May 23 (IANS) Petrol and diesel prices were increased once again across India on Saturday, marking the third revision in retail fuel rates in just 10 days. Petrol became costlier by Rs 0.87 per litre, while diesel prices were raised by Rs 0.91 per litre by state-owned oil marketing companies. The latest hike comes amid sustained pressure from rising global crude oil prices and ongoing geopolitical tensions in West Asia, which continue to impact international energy markets.In the nati…
New Delhi, May 18 (IANS) More than 1.72 crore domestic liquefied petroleum gas cylinders were delivered during the last four days, against bookings of around 1.69 crore cylinders, as the supply of cooking gas remains normal with no dry-outs reported at retail distributorships despite supply chain disruptions due to the Middle East conflict, according to an update issued by the Ministry of Petroleum and Natural Gas on Monday. Online liquefied petroleum gas cylinder bookings increased to about 99 …
Gandhinagar, May 15 (IANS) Gujarat Chief Minister Bhupendra Patel has ordered daily monitoring of petrol and diesel stocks through a control room mechanism, with directions to officials to maintain uninterrupted fuel supplies across the state. The instructions were issued during a cabinet meeting chaired by Patel in Gandhinagar on Friday after a review of fuel availability and supply arrangements in the state.Government spokesperson and minister Jitu Vaghani said the chief minister had instructe…
New Delhi, May 8 (IANS) More than 97 lakh domestic LPG cylinders were delivered against bookings of around 87.66 lakh cylinders in the last two days, with online bookings for cooking gas rising to 99 per cent, according to an update issued by the Ministry of Petroleum and Natural Gas on Wednesday.The supply of domestic LPG is normal, with 95 per cent of the deliveries based on the authentication code sent to registered mobile numbers of consumers to prevent diversion at the distributor level. No…