State-run oil firms setting up PSA oxygen plants across India, says oil minister Oil and gas firms are setting up PSA medical oxygen generation plants at 100 locations, says Dharmendra Pradhan He also inaugurated a PSA-based Medical Oxygen Generating Plant and Booster Unit at Maharaj Agrasen Hospital in Delhi NEW DELHI : New Delhi: As part of India’ […]

Petronet LNG rating – Buy: Volumes were steady amidst industry decline PLNG reported flat volume y/y against JEFe of +3%. With India’s LNG imports down 12% y/y in Q4FY21 owing to a sharp spike in Spot prices, PLNG gained 700bps market share y/y. Ebitda missed JEFe by 12% on lower volume and negative operating leverage. We […]

Petrol price: Pradhan says Rahul Gandhi should seek cut in high taxes in Cong-ruled states Petrol and diesel have risen to all-time high across the country after fuel rates rose by Rs 5.72 per litre to Rs 6.25 per litre in less than six weeks NEW DELHI: With petrol and diesel prices climbing to record high, oil […]

Explained: Why GAIL is dropping plans to hive of its pipeline business State-owned natural gas marketer and pipeline operator GAIL will not hive off its pipeline business according to company and government officials. Petroleum Minister Dharmendra Pradhan had previously said the government was pursuing a separation of the two businesses to address issues of any […]

India’s natural gas consumption starts to rebound in June India’s natural gas consumption is recovering in June after declining in the previous two months, as states ease restrictions in the wake of a drop in coronavirus infections, officials said on Wednesday. “In the Indian market there was some slowdown, but the situation is not as […]