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SECTOR | 20 Apr 2025

NELP era draws over $36 billion investment, 177 discoveries in pre-2014 oil, gas blocks: Oil Min Report

Business Line

The 254 blocks awarded in nine bid rounds of NELP between 1999 and 2010 attracted $17.6 billion investment in exploration that led to 67 oil discoveries and 110 gas finds, and another $18.64 billion in development of some of those discoveries.

India drew $36 bn investment from pre-2014 NELP bid rounds: Oil ministry

Business Standard | 20 Apr 2025

Oil and Gas

SECTOR | 18 Apr 2025

Gas allocation to CGD firms on advance quarterly basis: Oil Ministry

Business Line

The Ministry emphasised that despite increasing demand in the CGD sector, allocation ratios of domestic gas have broadly been maintained

Govt tweaks city gas policy, moves to advance quarterly allocations

Business Standard | 18 Apr 2025

Oil and Gas

SECTOR | 16 Apr 2025

Air pollution levels across India well above global standards: WHO official

Business Standard

Strategies like LPG subsidies and a switch to cleaner cooking fuels could help India become a leader in meeting this challenge, says Dr Maria Neira, director of environment and health at WHO

India eyes ending import tax on US ethane and LPG in trade talks, sources say

Business Line | 16 Apr 2025 1 more

Oil and Gas

SECTOR | 16 Apr 2025, 06:40AM

Oil Ministry signs contracts for 20 OALP-IX blocks with ONGC, OIL

Business Line

ONGC secured 11 blocks, OIL won six, and the duo jointly bagged three

Oil and Gas

SECTOR | 16 Apr 2025, 12:00AM

Oil & Gas Sector Update A Tale of...

Oil and Gas

Prabhudas Lilladhar

A Tale of Two Cities: MGL continues to post robust volume growth, while IGL faces stagnation in its core Delhi market MoPNG has cut APM allocation for CGD entities and accordingly revised domestic gas allocation for MGL and IGL is ~18% and ~20% lower than previous allocation. The shortfall will be met by New Well Gas which is Brent linked. We believe sourcing cost post de-allocation may not increase significantly due to softening Brent and LNG prices, and with price hikes undertaken by both the companies in April, the impact may not be detrimental. We re-iterate positive...

Oil and Gas

SECTOR | 15 Apr 2025, 08:05PM

Cong seeks special Parliament session, white paper on inflation rise

Business Standard

The Congress on Tuesday targeted the Centre over the hike in excise duty on petrol and diesel and the rise in LPG cylinder prices, demanding the government call a special session of Parliament to discuss inflation and issue a 'white paper' on the matter. Its women's wing chief Alka Lamba urged the government to immediately reduce the prices of LPG, petrol and diesel, bring a strict policy to tame the prices of essential commodities and announce a special relief package for women and the poor. "The government has turned its back on inflation. Their only goal is to fill the coffers of the government and private companies. The common person of the country is bearing the brunt of this inflation," she said at a press conference here. Lamba also compared the prices of petrol, diesel and LPG under the United Progressive Alliance (UPA) dispensation and the Narendra Modi government. "In 2014, the price of petrol was Rs 72 per litre. But today, it is Rs 98 to Rs 100 per litre. In the Congres

Oil and Gas

SECTOR | 13 Apr 2025

LPG: victim of distorted pricing?

Business Line

With effect from April 8 the Ggovernment announced an increase in price of domestic LPG by Rs 50 for every cylinder

Oil and Gas

SECTOR | 09 Apr 2025

Which oil marketing company benefits the most from lower LPG losses?

livemint

The government raised the price of a domestic LPG cylinder by 50 from 8 April. Lower LPG losses will help OMCs offset hits to their petrol and diesel margins, but which one is best-placed to benefit?

After deflation of 18 months, LPG may witness retail inflation now

Business Standard | 09 Apr 2025

Oil and Gas

SECTOR | 09 Apr 2025

Oil & Gas Sector Update Slippery but Steady?...

Oil and Gas

Prabhudas Lilladhar

We interacted with Mr. Mukesh Sahdev, Senior VP & Global Head of Commodity Markets at Rystad Energy, to assess the evolving oil price trajectory within the new global trade environment. The outlook suggests that oil prices may have bottomed out, with forecasted demand far ahead of supply in the peak MarAug'25. Average crude prices are expected to moderate from USD80/bbl in 2024 to USD75/bbl in 2025. However, geopolitical supply risks and macroeconomic uncertainties, including recession probabilities, are key swing...

Oil and Gas

SECTOR | 08 Apr 2025

OMC stocks rally up to 4% as govt hikes excise duty, raises LPG prices. What should investors do?

Economic Times

Hindustan Petroleum Corporation Ltd (HPCL) shares surged the most, rising 4% to a day's high of Rs 367.50 on the BSE, followed by Bharat Petroleum Corporation Ltd (BPCL) shares, which climbed 2.7% to Rs 281.80. Meanwhile, Indian Oil Corporation (IOC) shares increased by 2%, reaching Rs 131.

OMCs shares in focus; BPCL, HPCL, IOCL gain up to 3%, here's why

Business Standard | 08 Apr 2025 6 more