New Delhi, July 14 (IANS) Wholesale price inflation in India stood at 9.87 per cent in June on a year-on-year basis, according to data released by the Ministry of Commerce and Industry on Tuesday.The Wholesale Price Index (WPI) for all commodities rose to 110.2 in June.Among the major groups, inflation in primary articles increased to 7 per cent, while fuel and power inflation moderated to 27.41 per cent.However, inflation in manufactured products remained unchanged at 7.48 per cent.In addition,…
Latest Natural Gas News & Updates
Washington, July 6 (IANS) Artificial intelligence’s biggest obstacle is no longer advanced computer chips but access to electricity, BlackRock Chairman and Chief Executive Larry Fink has said, warning that the United States must modernise its ageing power grid or risk slowing the next wave of technological innovation.Speaking in an interview with CNN’s Fareed Zakaria GPS, Fink said the rapid expansion of AI is creating unprecedented demand for computing power, exposing weaknesses in America’s el…
New Delhi, July 5 (IANS) A total of 15 India-bound ships carrying fertilisers and fertiliser raw materials have safely crossed the Strait of Hormuz, which will lead to a significant increase in the country’s fertiliser stocks, according to an official statement issued on Sunday.Among the 15 vessels, eight vessels are carrying 3.32 lakh metric tonnes (LMT) of urea, four are carrying 2.57 LMT of DAP, and three are carrying 1.11 LMT of sulphur.In addition, five more vessels are scheduled for India….
New Delhi, July 2 (IANS) Consumers expecting a reduction in petrol and diesel prices may have to wait longer, as Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday said there is no justification for lowering retail fuel prices at this stage.Addressing the issue of fuel pricing, Puri said petrol and diesel prices have remained largely stable despite significant fluctuations in global crude oil markets.He noted that petrol prices have increased by only 5.58 per cent over the p…
New Delhi, June 22 (IANS) The combined index of India’s eight core infrastructure industries increased by 0.5 per cent during May this year compared to the same month of the previous year, with cement, steel, and electricity recording positive growth, according to data released by the Commerce and Industry Ministry on Monday.Meanwhile, the final growth rate of the eight core industries for April 2026 was revised to 1.8 per cent. The cumulative growth rate of the core industries during April to…
New Delhi/Kohima, June 12 (IANS) Nagaland Chief Minister Neiphiu Rio on Friday said that the tripartite Memorandum of Understanding (MoU) signed among the Centre, Assam and Nagaland would facilitate mineral oil exploration and production activities in the disputed belt along the Assam-Nagaland border while ensuring cooperation among all stakeholders.Addressing the NITI Aayog meeting with Chief Ministers of the eight Northeastern states in New Delhi, the Chief Minister also expressed optimism tha…
New Delhi, June 5 (IANS) State-owned Maharatna company Oil India Limited on Friday announced a fresh discovery of natural gas in its third exploratory well in the Andaman shallow offshore block, marking another significant indication of hydrocarbon presence in the region.The company said the Vijayapuram-3 (Loc. OAEB) well, drilled under the Offshore Andaman Block AN-OSHP-2018/1 as part of the Open Acreage Licensing Policy (OALP), is located around 15 kilometres off the east coast of the Andaman …
New Delhi, June 2 (IANS) The Government on Tuesday announced that it has approved the revision of the Base Year of Wholesale Price Index (WPI) from 2011-12 to 2022-23 and compilation of Producer Price Indices (PPIs).Accordingly the revised series of WPI inflation with base year 2022-23 will be released on June 15, which would replace the existing series of WPI with base year 2011-12, according to a statement issued by the Ministry of Commerce and Industry.In addition, the new series of Output Pr…
New Delhi, May 25 (IANS) State-run oil explorer Oil and Natural Gas Corporation (ONGC) on Monday said it has selected BP Exploration Services India Limited — a UK-based subsidiary of BP Plc — as Technical Services Provider (TSP) for its Western Offshore oil and gas fields (excluding the Mumbai High field), in a move aimed at boosting output from mature assets.The decision follows an international competitive bidding process under which global oil companies were invited to submit proposals for …
New Delhi, May 23 (IANS) Maharatna PSU Oil India Limited has successfully unlocked a new gas-bearing pay zone in Rajasthan’s Dandewala field, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday.In a post on social media platform X, the minister said the development marked a new chapter in India’s efforts to strengthen domestic energy production and move towards greater energy self-sufficiency.According to Puri, natural gas has started flowing for the first time from …