UK slaps 25% windfall tax on profits of oil and gas companies

30 May 2022

Robbing Peter to pay Paul is a key policy of the opposition Labour Party and this would be especially sensitive now because it undermines the core Conservative values

Govt calls off EoI process to sell 53% stake in BPCL

30 May 2022

Blackstone unit acquires 49% stake in US LNG facility

25 May 2022

Govt slashes excise duty on petrol, diesel; announces subsidy on LPG

23 May 2022

The reduction in excise duty will reduce the price of petrol by Rs9.5 per litre and that of diesel by Rs7 per litre while the reintroduction of subsidy will reduce the price of LPG for domestic consumption by Rs200 per cylinder

Oil PSUs sign long-term purchase agreement for upcoming dedicated ethanol plants

16 May 2022

Replacing Russian oil a difficult task for EU, warns Opec

12 Apr 2022

NTPC in pact with Gujarat Gas to blend green hydrogen in piped natural gas

11 Apr 2022

Fuel prices up 80 paise a litre with first revision since 1 December

23 Mar 2022

Ukraine crisis to drive fuel costs in India by Rs21-24 per litre

08 Mar 2022

The sharp increase in crude prices has widened the gap between the actual cost and retail prices of petrol and diesel, leading to under-recovery for retailers as every $1 increase in crude price impacts retail rate by 70-80 paise

Crude oil nears $100 a barrel amid fears of Russian invasion of Ukraine

08 Mar 2022

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