Diabytes
Oil companies News
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Cooking gas LPG sales were up 7.5 per cent year-on-year at 2.82 million tonnes in October 2024. LPG consumption is now 13.1 per cent higher than in October 2022.
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According to Indian Oil's website, which supplies up to 30 lakh cylinders a day across India, the price of 14.2 kg non-subsidized LPG cylinders in New Delhi has now gone up to Rs 858.5, from its last revision on January 1 to Rs 144.5. Is the sharpest increment.
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State-run Oil Marketing Companies today sharply hiked LPG prices by up to Rs 150 per Cylinder.This is the biggest hike in six years. The new rates are effective from today.
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An Air India official said that the oil companies have sought to increase the payment amount, citing everyday increase in oil prices.
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The city alleges the fossil fuel industry was aware for decades that burning fuel was impacting climate change.
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The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69, according to a price notification issued by state-owned firms.
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Traders said that oil prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.
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A subsidised 14.2-kg of cylinder now costs Rs 479.77 in Delhi as against Rs 477.46 previously, according to Indian Oil Corp, the nation's largest fuel retailer.
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SBI Card on Wednesday slashed surcharge on fuel to 1 percent from 2.5 percent. The company with 4 million customers has done in line with overall reduction affected by oil marketing companies to promote digital transactions.
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Petrol pump owners in the country have served a strict threat to the government that the fuel outlets will remain shut every Sunday from May 10 till their demands related with hike in commissions are not met.
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India on Tuesday announced an open acreage licensing policy for oil and gas exploration, allowing bidders to carve out areas where they want to drill as the energy- hungry country looks at greater foreign investment to boost output.
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Petrol price was hiked by 42 paisa a litre and diesel by Rs 1.03 per litre by the state oil companies on Sunday.
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PSU oil companies have deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel.
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With oil prices at the international market hitting $55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.
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With oil prices at the international market hitting USD 55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.
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Petrol price was on Wednesday hiked by 13 paise a litre, but that of diesel was cut by 12 paise per litre in line with international trends.
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The cut comes after a string of hikes, i.e. six times, since September and will definitely be a relief for the vehicle owners.
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Petroleum dealers, who were on a two-day nationwide no-purchase strike since yesterday, today said they were calling off their future agitation programmes as oil companies have promised to look into their demand for hiking commission before December 31.
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Government is open to deliberating on the issue of mega merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said.
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