Govt slashes windfall tax on domestic crude to Rs 5,700 per tonne
The government has slashed windfall tax on domestically produced crude oil to Rs 5,700 per tonne, from Rs 8,400 per tonne, with effect from Thursday.

ONGC, Oil India to get relief as Centre cuts windfall tax on crude oil
New Delhi: The Central government has cut the windfall tax on petroleum crude to 5,700 rupees (USD 68.34) per metric ton from 8,400 rupees with effect from Thursday, as part of its fortnightly revision that is calibrated with global prices.

Electioneering at its peak but diesel sales slide, petrol almost flat

India slashes windfall tax to Rs 5,700 per tonne, effective May 16

Exicom launches Harmony Gen 1.5 DC fast chargers
New Delhi: Exicom, a leading provider of electric vehicle (EV) charging and critical power solutions in India, Tuesday launched Harmony Gen 1.5 DC fast chargers. Harmony g1.5 is available in three frame sizes, and its modular construction offers power outputs from 60 kW to 400 kW.

Nayara Energy to invest Rs 600 crore to set up two ethanol plants
Nayara Energy, a private downstream company, in its effort to diversify its product portfolio, is planning to invest Rs 600 crore for setting up ethanol manufacturing plants in the country. The move is in line with the government’s target of 20% ethanol blending for FY26, the company said on Tuesday.The company plans to set up two ethanol manufacturing plants, each with a production capacity of 200 kiloliters per day (KLPD), in Andhra Pradesh and Madhya Pradesh. Land for the proposed plants has already been identified and purchased in both states.

Tata Power installs 220 EV charging points across Karnataka

Tata Power installs 220 RFID-enabled EV charging points across Karnataka
 

India's diesel shipments to Europe slip 20% as US, Gulf supplies rise

Oil prices tick up on tighter supply outlook

Brent hovers above $83 as inflation data takes centre stage

BPCL expects to get lower discounts on Russian oil
Bharat Petroleum sees discounts on Russian crude shrinking to USD 3-6 per barrel against USD 8-10 last year, amid range-bound global oil prices, but will continue to import "significant" volumes, the company brass told investors on Friday.

Biomass fuels: challenges and opportunities
Fossil fuels currently meet this majority demand, raising concerns due to potential CO2 (a major greenhouse gas) doubling compared to preindustrial levels (approximately 285 ppm for about 400 000 years before the industrial revolution and reached 376 ppm as of 2005 and is still increasing). Halting fossil fuel use by 2050 is crucial to avoid exceeding the critical 2°C temperature increase threshold. Lignocellulosic biomass, a renewable and abundant resource, holds great promise for sustainable production of valuable chemicals and fuels, currently derived mainly from oil. Currently, biomass contributes 10% (5 x 10-19 kJ) to global energy consumption. Predictions estimate this value to reach 150 x 10-19 kJ by 2050, considering the diverse range of biomass resources available.

chargeMOD ties up with A Plus Charge to set up EV charging stations in North East
 

BPCL to invest INR 1.7 lakh cr in core, new energy business
"Our strategy is based on two fundamental pillars - 'Nurturing the Core'; and 'Investing in Future Big Bets'. We remain committed to our core businesses, which include the refining, marketing of petroleum products and upstream. In addition, we are focusing on our big bets, which comprise petrochemicals, gas, green energy, non-fuel retail, and digital," Krishnakumar said.

Oil prices up on stronger Chinese data, Middle East conflict

BPCL sees lower Russian crude discounts amid range-bound oil prices

BPCL’s consolidated net profit drops 30% in Q4FY24
State-owned Bharat Petroleum on Thursday reported a 30.3% decline in its consolidated net profit for the last quarter of FY24, dropping to Rs 4,789.57 crore from Rs 6,870.47 crore in the same period the previous fiscal due to high crude oil prices impacting refining margins of the company. 

HPCL Q4: Profit down 25%
Hindustan Petroleum witnessed a 25% decline in its consolidated net profit for the last quarter of FY24, dropping to Rs 2,709.31 crore from Rs 3,608.32 crore in the same period the previous fiscal.

IGL net profit up 9% at ₹433 crore in Q4
New Delhi: State-run Indraprastha Gas (IGL) on Tuesday reported a 9 per cent year-on-year (y-o-y) growth in its consolidated net profit at ₹433 crore in Q4 FY24, aided by higher sales. However, the net profit of India’s largest compressed natural gas (CNG) distributor fell 9 per cent on a sequential basis. IGL’s consolidated total income rose 2 per cent y-o-y to ₹4,044 crore in Q4 FY24. Sequentially, income fell 2 per cent.

Reliance renews bid for US license to import Venezuelan oil

Diesel, petrol export revenues dip 20% to $33 bn in 2023-24

Clean and clear: All RRTS stns to have EV charging

NCRTC's first EV charging station operational at Sahibabad RRTS
This step is one of the many measures for ensuring last-mile connectivity, the statement stated, adding that it will allow people to charge their four-wheelers in just one hour using the fast charging facility.

Oil climbs after Saudi Arabia hikes prices

NCRTC's 1st electric vehicle charging station operational at Sahibabad RRTS

New Delhi: The National Capital Region Transport Corporation's (NCRTC) first Electric Vehicle (EV) Charging Station at Sahibabad RRTS station in Ghaziabad has been made operational, a statement said on Sunday.
 

India's fossil fuel capacity grows 2.44% in FY24; non fossil-fuel rises 11%: Govt data
New Delhi: The country's fossil fuel-based power generation capacity increased 2.44% to 243.22 GW in FY24 from 237.27 GW in March 2023, according to official figures. There was a 10.79% rise in non-fossil fuel based capacity (renewable energy sources) addition at 190.57 gigawatt (GW) in 2023-24 over 172.01 GW in 2022-23, the government data showed.

Statiq to set up EV charging stations at wayside facilities of Cube Stop Wayside Amenities
New Delhi: Statiq, a leading electric vehicle (EV) charging network has partnered with Cube Stop Highway Rest Areas, to enhance EV charging infrastructure across highways in the country.

Castrol India Q1 Results Live : profit rise by 6.79% YOY
Castrol India Q1 Results Live : Castrol India declared their Q1 results on 30 Apr, 2024. The topline increased by 2.42% & the profit increased by 6.79% YoY. As compared to the previous quarter the revenue grew by 4.84% and the profit decreased by 10.62%.

Tripura government imposes restriction on sale of petrol, diesel
"In view of the supply constraint of petrol and diesel due to disruption in goods train movement to the state, it has been decided to impose restriction on sale of fuel - petrol and diesel in the state from May 1 until further order", said Additional Secretary of Food and Civil Supplies Department, Nirmal Adhikari.