BPCL to cut dependence on Middle East LPG, seek bids from global suppliers

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State-owned Bharat Petroleum Corp. is seeking bids from global suppliers for a fifth of its typical LPG needs in 2021, according to a Bloomberg report, claiming to have seen a tender seeking bids. Bidding is still open to the Middle East producers, who already provide BPCL with the majority of its contracted needs. India’s second-biggest fuel retailer had made […]

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India aims for 350 million tonnes of refining capacity by 2030: Petroleum Minister

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Oil Minister Dharmendra Pradhan said India planned to raise its refining capacity, indicating the country’s dependence on hydrocarbons and fossil fuel, adding that fuel demand was expected to to reach pre-COVID-19 levels in the first quarter of the 2021 calendar year. “India currently has an oil refining capacity of around 250 million tonnes per annum […]

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Petrol demand in India returning to pre-COVID-19 levels in September; diesel still down

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India’s petrol sales rose for the first time in the first half of September since the country’s lockdown in late March, indicating demand may have returned to pre-COVID-19 levels. Petrol sales between September 1 and 15 rose 2.2 per cent year-on-year and were up 7 per cent over the previous month, according to preliminary industry […]

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Bihar to get 3 major petroleum projects ahead of assembly polls 2020

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Bihar is set to receive three key petroleum projects ahead of the Legislative Assembly polls, scheduled in November 2020. Prime Minister Narendra Modi announced during the fisheries scheme inauguration  during a video conferencing. The projects include the Durgapur-Banka section of the Paradip-Haldia-Durgapur Pipeline Augmentation Project and two LPG Bottling Plants, said the Prime Minister’s Office. […]

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GAIL finds increase in gas sales to pre-COVID-19 levels by end of this quarter

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State-owned gas utility GAIL India Ltd sees its gas demand returning to pre-COVID-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption. its Director (Marketing) E S Ranganathan said in an online forum. GAIL, the country’s largest natural gas marketing and transporting company, sold about 113 […]

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