Srinagar : In a significant move, the Petroleum and Natural Gas Regulatory Board (PNGRB) has said that the demand for the proposed Gurdaspur–Jammu Pipeline (GJPL) has to be determined considering futuristic demand centers upto Srinagar. Documents reveal that the PNGRB has informed different entities that the demand for the proposed GJPL pipeline has to be […]
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India reaps pricing benefits of cheap crude oil imports from Russia
In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against the wishes of the western powers who want to bring down the Russian economy by curbing its oil revenue. However, the Indian government has […]
HPCL net profit plunges 80% to Rs 172 crore in Q3 as oil prices fall
After two consecutive quarters of losses, HPCL reported a net profit of Rs 172.43 cr in October-December 2022 as a fall in oil prices helped it recoup some of the losses on sale of petrol and diesel After two consecutive quarters of losses, Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported a net profit of Rs 172.43 […]
Are industries in NCR switching to clean fuel amid coal ban? It’s not so easy, finds study
A case study by the Centre for Science and Environment (CSE) has pointed to the availability of PNG (piped natural gas) and price hikes of natural gas as key issues. With a complete ban on the use of the coal in the NCR from January 1 onwards, the switch to cleaner fuel for industries has come with challenges […]
CNG sales growth drives Adani Total Gas Q3 net up 12%
City gas distribution player Adani Total Gas Limited (ATGL) reported standalone net profit of ₹148 crore for the quarter ended December 31, 2022, up 12 per cent from ₹132 crore in the corresponding quarter last year. Revenues from operations for the quarter stood at ₹1,185 crore, up 27 per cent against ₹932 crore in the […]