Search For "petroleum"
Crude Oil to remain under pressure in 2026 as oversupply outweighs geopoli
Updated : 2 months, 3 weeks ago IST
According to government data, during 2024-25 (April-March) India imported around 300 million metric tonnes of crude and petroleum products, meeting about 88% of the requirements through imports.
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With offering of 50 new E&P blocks, India's energy sector reaches "transfo
Updated : 2 months, 3 weeks ago IST
"We are offering 50 new E&P blocks across Open Acreage Licensing Policy (OALP-X): 25 blocks, Discovered Small Field (DSF-IV): 55 fields across 9 contract areas/blocks. Special CBM Bid Rounds 2025 and 2026: 3 blocks (2025) & 13 blocks (2026)," Petroleum Minister said in his post.
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New IOC fuel storage facility in Ladakh strengthens energy security in hig
Updated : 3 months ago IST
Indian Oil Corporation (IOC) Chairman Arvinder Singh Sahney said the newly inaugurated bulk petroleum storage facility in Ladakh, developed with the support of the Indian Army, will play a critical role in strengthening fuel security and logistics in high-altitude and forward areas.
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Energy sector strengthened and expanded with retail outlets doubling to ov
Updated : 3 months, 1 week ago IST
The number of petrol pumps and gas stations in India nearly doubled from 51,870 retail outlets in 2014, to over 1 lakh by 2025, said Hardeep Singh Puri, the Union Minister for Petroleum and Natural Gas. The Minister, on X, spoke about these achievements during a meeting of the Consultative C
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CNG, domestic PNG prices set to drop by Rs 2-3 from January 1
Updated : 3 months, 1 week ago IST
Consumers across India are set to benefit from reduced prices of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) as the Petroleum and Natural Gas Regulatory Board (PNGRB) announced a tariff rationalization that will come into effect from January 1, 2026.
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PNGRB notifies new unified Natural Gas tariff structure, effective January
Updated : 3 months, 1 week ago IST
In a major consumer-centric reform to promote cleaner fuels, the Petroleum and Natural Gas Regulatory Board (PNGRB) has rationalised the unified tariff structure for natural gas transportation to encourage wider adoption of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) effective 1
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Sri Lanka: Former Cricketer Arjuna Ranatunga to be arrested over alleged o
Updated : 3 months, 1 week ago IST
Sri Lanka's bribery commission informed on Monday that Former Cricketer and Minister Arjuna Ranatunga would be arrested and produced before court after he was named as a suspect in an incident in which an alleged loss of nearly Rs. 800 million was caused to the Ceylon Petroleum Corporation (
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Economists predict WPI inflation to remain largely flat over FY26
Updated : 3 months, 1 week ago IST
As per the data released by the Ministry of Commerce and Industry, the WPI inflation in November rose to -0.32% against -1.21% in October. The decrease was primarily driven by decrease in prices of food articles, mineral oils, crude petroleum and natural gas, the manufacture of basic metals
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Wholesale inflation remains in negative territory at -0.32% in Nov, despit
Updated : 3 months, 1 week ago IST
The annual rate of inflation based on the All-India Wholesale Price Index (WPI) recorded a contraction of 0.32 per cent for the month of November 2025, compared to the corresponding month of the previous year, according to data released by the Ministry of Commerce & Industr
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BPCL Recognised Among Global Top 100 Corporate Startup Stars
Updated : 3 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], December 3: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and a Maharatna PSU, has been recognised by the International Chamber of Commerce (ICC) and Mind the Bridge as one of the Top 100 Corporate Startup Stars (CSS) worldwide. BPCL
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Oil India commences offshore drilling in Kerala-Konkan basin
Updated : 3 months, 3 weeks ago IST
Energy sector major Oil India Limited has commenced a landmark offshore drilling campaign in the Kerala-Konkan Basin by spudding the first well, Union Minister for Petroleum and Natural Gas Hardeep Puri announced on Saturday.
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"NE means new engine of growth": Union Minister Sarbananda Sonowal
Updated : 4 months ago IST
Speaking at the North East Oil & Gas Conclave 2025, the Union Minister said, "Under the dynamic leadership of Prime Minister Narendra Modi, the renewed focus on Inland Water Transport (IWT) has enabled smooth and swift cargo movement, reduce logistics costs and provide a reliable mult
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