Sector Oil and Gas - Latest news, views and updates

Sector

Watch

SECTOR | 10 Mar 2025

Maharashtra govt proposes 6% tax on EVs costing more than Rs 30 lakh

Business Standard

The Maharashtra government on Monday proposed a 6 per cent tax on electric vehicles priced more than Rs 30 lakh in the budget for the fiscal 2025-26. Deputy Chief Minister Ajit Pawar, who also holds the finance portfolio, tabled the budget and announced a 1 per cent hike in the Motor Vehicle Tax on CNG and LPG vehicles. The government has also proposed a 7 per cent tax on vehicles used for construction activities, which will generate additional revenue of approximately Rs 180 crore. The state government has proposed a 6 per cent tax on electric vehicles above Rs 30 lakh and a 1 per cent tax hike on individual-owned non-transport four-wheeler CNG and LPG vehicles. The move will generate an additional revenue of approximately Rs 150 crore in 2025-26. Pawar also announced a 7 per cent tax on light goods vehicles (LGVs) carrying goods up to 7,500 kg, which will earn the state Rs 625 crore. The government has also increased the maximum limit of the Motor Vehicles Tax from Rs 20 lakh t

Oil and Gas

SECTOR | 10 Mar 2025

Manthan Oil & Gas / Chemicals Tackling Cichlids^

Oil and Gas

Prabhudas Lilladhar

^Cichlids found in Lake Victoria, Africa, are one of the fastest evolving species. More than five hundred have evolved over past 15,000 years- a relatively short time span with respect to evolution. Not only they are splitting into new species but also changing their appearances to suit different environments. Just like the fast-evolving cichlids, the new energy industry also appears to be evolving very fast. Even if you discount the so-called Baghdad Battery dating back to 200BCE, battery technology has come a long way since the innovation of first modern battery by Alessandro Volta in 1800. From lead-acid batteries of 1859 to alkaline batteries of 1950s to nickel-cadmium batteries of the late twentieth century and lithium-ion batteries of the 21st century, although the evolution has come a long way, but it appears that the...

Oil and Gas

SECTOR | 08 Mar 2025

Russian Oil Refinery Hit By Drone As Missiles Pound Ukraine

NDTV Profit

President Volodymyr Zelenskiy said the latest strikes showed Moscow's objectives in its invasion of Ukraine are unchanged, despite signals the Kremlin may be willing to accept a temporary truce.

Oil and Gas

SECTOR | 07 Mar 2025

India, Malaysia Strengthen Palm Oil Trade Ties Through New Awareness Initiative

NDTV Profit

The collaboration will focus on consumer education, industry engagement, and scientific research.

Oil and Gas

SECTOR | 04 Mar 2025

CCI approves Shell's 100% acquisition of Raj Petro Specialities

Business Line

The deal involves Shell Deutschland GmbH and Shell Overseas Investments B.V. acquiring 100 per cent equity in Raj Petro, which is known for its advanced petro-speciality products

Oil and Gas

SECTOR | 01 Mar 2025

Commercial LPG cylinder prices hiked by Rs 6; domestic rates unchanged

Business Standard

Oil marketing companies have raised commercial LPG prices by Rs 6, effective March 1, while domestic cylinder rates remain unchanged since August 2024. Check latest city-wise rates:

Oil and Gas

SECTOR | 28 Feb 2025

India to build world's longest LPG pipeline by June to cut costs, mishaps

Business Standard

Indian Oil, Bharat Petroleum Corp. and Hindustan Petroleum Corp. have jointly formed IHB to lay the 2,800-kilometer-long pipeline from Kandla on the west coast to the northern city of Gorakhpur

India Builds World's Longest LPG Pipeline To Cut Costs, Mishaps

NDTV Profit | 28 Feb 2025

Oil and Gas

SECTOR | 26 Feb 2025

India eyes higher ethanol blending target, boosts focus on green hydrogen

Business Standard

Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month

India likely to achieve 20% ethanol blending target by next month: Puri

Business Standard | 26 Feb 2025

Oil and Gas

SECTOR | 26 Feb 2025

Palm oil imports to hit 5-year low amid price shifts, rising output

Business Standard

Benchmark palm oil futures, which jumped 20 per cent in 2024 to a two-year high, have already lost market share as top importers like India shift to cheaper alternatives such as soybean

Oil and Gas

SECTOR | 25 Feb 2025

Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth

Business Standard

Demand for natural gas continues to rise globally as the world transitions to cleaner fuels