Petroleum sector contributes Rs.595,438 crore to India’s exchequer in 2018-19

The government at the centre and states have earned Rs 595,438 crore from petroleum products such as petrol and diesel in 2018-19, a government statement said. This was possible as the prices of petrol and diesel were deregulated. Petrol price was made market-determined by the government with effect from June 26, 2010, and the diesel […]

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India approves establishment two additional strategic petroleum reserves

The Union Cabinet has approved establishment of two strategic petroleum reserves (SPRs) with a total capacity of 6.5 million tonnes (MT), the Interim Finance Minister Piyush Goyal informed the Hindu Business Line. With an additional 6.5 million tonnes (mt) of Strategic Petroleum Reserve (SPR) facilities at Chandikhol in Odisha and Padur in Karnataka, the cabinet […]

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India says mineral production rose marginally in July

The index of mineral production of mining and quarrying sector for the month of July 2016 at 118.7 was 0.8% higher as compared to July 2015. The cumulative growth for the period April-July 2016-17 over the corresponding period of previous year was higher by stands at 2.0%, a government statement said. The total value of mineral production (excluding […]

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