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…
Latest Natural Gas News & Updates
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 …
New Delhi, May 14 (IANS) The increase in wholesale inflation in April was largely driven by a sharp rise in energy and petroleum-related prices, which also contributed to higher input costs across several manufacturing segments, industry chambers said on Thursday.In contrast, food-related wholesale inflation remained relatively moderate compared with recent periods of raised volatility, said Rajeev Juneja, President, PHDCCI.India’s wholesale price inflation jumps to 8.3 per cent in April 2026 …
New Delhi, April 24 (IANS) India’s fertiliser security remains strong, stable and well-managed, with availability consistently exceeding requirement across all major fertilisers, the government said on Friday, dismissing recent claims of shortages as unfounded.According to the Department of Fertilisers, data from the recently concluded Rabi 2025–26 season, as well as the ongoing financial year, indicate a comfortable and well-buffered supply position across the country.”The Department of Fer…
Washington, April 21 (IANS) Nuclear power and natural gas could anchor the next phase of India-US energy cooperation, as both countries look to cut costs, diversify supply chains and strengthen long-term energy security, according to a US-based expert.“There are plenty of opportunities right now,” said Dinsha Mistree, from the Hoover Institution of the prestigious Stanford University, pointing to nuclear energy as “very critical” for future collaboration between India and the United Stat…
New Delhi, April 20 (IANS) The combined index of India’s eight core infrastructure industries declined 0.4 per cent in March this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Monday.While the production of natural gas, steel, and cement went up during the month, the output of fertilisers, crude oil, coal, and electricity recorded a negative growth, according to a ministry statement.The final growth rate of the eight cor…
Islamabad, April 9 (IANS) People in Pakistan’s Karachi continue to pay increased fares while using public transport as bus owners have been ignoring a Sindh government order to freeze fares in return for a fuel subsidy, local media reported on Thursday. Transporters, including operators of buses, minibuses, Qingqi rickshaws, school vans and goods carriers, continue to ask for higher fares. After the government issued subsidy orders, many people in Karachi were expecting that transport owners wou…
New Delhi, April 6 (IANS) The Government on Monday said that over 18 crore domestic LPG cylinders have been successfully delivered to households since March 1, 2026, despite geopolitical tensions in west Asia.At a briefing held at the National Media Centre in the national capital, top government officials assured citizens of stable fuel and food supplies as there is adequate buffer stocks of rice and wheat are available to meet public demand.“Domestic LPG cylinder deliveries remain normal, wit…
Cairo, April 5 (IANS) Egypt’s Ministry of Electricity and Renewable Energy announced price hikes for commercial and residential electricity consumption effective this April, citing the global energy crisis triggered by the US-Israeli conflict with Iran. In a statement issued late Saturday (local time), the ministry said that the current “acute and unprecedented global crisis” across all energy resources, caused by the ongoing war in the Gulf region, has necessitated price increases for certain c…