Govt-run oil and gas firms set to invest employment-oriented Rs 1.62 trillion this year

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State-run oil and gas firms are set to invest Rs 1.62 trillion in FY21 – including capital expenditure (capex) and operational expenditure (opex) — which is expected to generate employment of 240 million man-days. As many as 8,363 oil and gas projects are already work-in-progress, which will incur capital expenditure of Rs 1.2 lakh crore in FY21. […]

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Government confident India’s fuel demand will return to pre-COVID levels: Pradhan

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Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Oil and Petroleum Minister Dharmendra Pradhan said at the virtual Bloomberg-NEF Summit in New Delhi.   India’s fuel sales in June reached 88 per cent of the pre-COVID-19 levels as easing of lockdown […]

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