New Delhi, July 10 (IANS) Petroleum Ministry on Friday said that with E20 blending, there may be a 3-5 per cent reduction in fuel economy in some vehicles, but mileage is only one parameter as E20 offers a significantly higher-octane rating, superior anti-knock characteristics, faster combustion, better pickup, smoother acceleration and cleaner engine operation.The ministry said that for E10 compatibility, manufacturers were consulted well in advance as early as 2020-21. India achieved its E10 t…
Latest Petroleum Ministry News & Updates
New Delhi, July 10 (IANS) India’s ethanol blending programme did not begin under the present government, and the initiative has a long institutional history and milestones, the Petroleum Ministry said on Friday, adding that the transition from E10 to E20 ethanol blending was not based on assumptions, but on years of testing, manufacturer consultations and field experience.“A pilot ethanol blending programme was launched in 2001, formally announced in 2004, and E5 (5 per cent ethanol blending) …
New Delhi, June 29 (IANS) As the Middle East crisis unfolded, India responded better than several global economies because the ground had been prepared, and infrastructure built over the past decade is the reason a closure of the Strait became a managed event rather than a crisis at the pump and the kitchen, according to the government.India’s crude position is defended by diversification rather than by stock alone. The number of source countries has widened from 27 to 41, with newer suppliers…
New Delhi, June 29 (IANS) As the West Asia crisis rattled global economies with surging oil and gas prices since the US-Iran war began on February 28, the defining choice of the crisis for India was to absorb the cost at the level of the State and the public sector marketing companies rather than the household, according to the government, as no comparable economy chose to shoulder a burden of this scale on behalf of its consumers.The contrast with India is sharpest among the import-dependent ec…
New Delhi, June 7 (IANS) Petroleum Ministry on Sunday said the Indian household continues to buy cooking gas much cheaper than the household in any neighbouring country, and far below the price paid in advanced economies such as the United States, Australia and Canada.A beneficiary of the Pradhan Mantri Ujjwala Yojana (PMUY) pays an effective Rs 642 for a 14.2 kg cylinder, and the general consumer in Delhi Rs 942, against a cost to supply that has now risen to over Rs 1,600, the ministry said in…
New Delhi, June 7 (IANS) The cost of supplying a 14.2 kg cylinder has risen to over Rs 1,600 amid the West Asia crisis and the under-recovery now absorbed on each domestic cylinder is about Rs 700, the government said on Sunday, as domestic cooking gas prices were increased by Rs 29 per cylinder.According to Petroleum Ministry, the scale of this is visible in the fully market-priced commercial cylinder. The 19-kg cylinder used by hotels and restaurants sells in Delhi at Rs 3,113.50, about Rs 164…
New Delhi, 1 June (IANS) The Government of India has received ₹2,12,679 crore, which represents 5.8 per cent of the total receipts for the corresponding BE 2026–27, for April this year. This comprises ₹1,78,492 crore of tax revenue (Net to Centre), ₹24,293 crore of non-tax revenue, and ₹9,894 crore of non-debt capital receipts on account of loan recoveries, according to a finance ministry statement issued on Monday. The monthly review of the Centre’s accounts also shows that ₹87,77…
New Delhi, May 29 (IANS) India is diversifying its sources of oil and gas imports to make up for the shortfall in supplies caused by the choking of the Strait of Hormuz amid the West Asia crisis, a senior official said on Friday. “Energy security is very important for us. We are trying to diversify our sources from across the world, and that is our policy at present. We welcome whatever support we can receive from various markets around the world,” said Randhir Jaiswal, the Ministry of External …
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 21 (IANS) More than 58,500 PNG consumers have surrendered their LPG connections till May 20, the government said on Thursday, adding that there are adequate stocks of petrol and diesel available at all petrol pumps in the country.The government advised citizens to avoid panic purchase of petrol, diesel and LPG as it is making all efforts to ensure availability of petrol, diesel and LPG.“Beware of rumours and rely on official sources for correct information,” said the governmen…