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Indian petroleum goods to pass through Bangladesh

Indian petroleum goods to pass through Bangladesh

Indian Oil Corporation and the Roads and Highways Department of Bangladesh have signed a Memorandum of Understanding in Dhaka. The MoU enables IOC to send its trucks carrying motor spirit, high speed diesel, superior kerosene oil and liquefied petroleum gas from Meghalaya to Tripura via the territory of Bangladesh.

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Foreign fleet owners may gain

Foreign fleet owners may gain

An Indian cabinet decision to decentralise shipping arrangements for import of cargo owned or controlled by government departments and state-owned firms will remove an assured business opportunity for local fleet owners.

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GAIL plant does not receive gas from KG-D6

GAIL plant does not receive gas from KG-D6

Liquefied Petroleum Gas (LPG) plants of GAIL has reportedly stopped receiving natural gas from Reliance Industries' KG-D6 block because of falling output in the area. Supply to the plant was stopped because gas output at KG-D6 declined to just over 14 mmscmd which is enough to met the requirement of fertiliser plants. Fertiliser plants are given top priority in gas supplies

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Govt made over 1 mn direct cash transfers for LPG

Govt made over 1 mn direct cash transfers for LPG

According to an official statement, the central government has made over 1 million (10 lakh) direct cash transfers to consumers' bank accounts under its Direct Benefit Transfer for LPG (DBTL) scheme, launched in 18 districts on June 1. The government has so far given Rs 41 crore of subsidy to consumers directly under the above scheme since June 1, the statement shows

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Governor clears Ordinance for pipeline project

Governor clears Ordinance for pipeline project

Jammu and Kashmir Governor NN Vohra signed the Ordinance which would allow state government to acquire land for the Rs 880 crore Bhatinda-Srinagar gas pipeline project. The project, which involves laying of the 750-kilometer gas pipeline from Bhatinda in Punjab to Srinagar via Jammu, is scheduled for completion in three years. Gujarat State Petronet Limited (GSPL) received contract for the project in June 2011

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Govt aims to save upto Rs 100 bn via DBT scheme

Govt aims to save upto Rs 100 bn via DBT scheme

The government plans to save Rs 8,000 crore to Rs 10,000 crore annually on subsidy expenditure towards liquefied petroleum gas (LPG) following the partial roll out of Direct Benefits Transfer (DBT) scheme. The government recently decided to provide subsidies on cooking gas cylinders by crediting the amount directly in the bank account of beneficiaries in 20 di

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Govt considers proposals of LPG distributors

Govt considers proposals of LPG distributors

Reports indicate that the government is considering the proposals of liquefied petroleum gas (LPG) distributors seeking key changes on the proposed distribution policy. During a recent presentation to the union petroleum and natural gas ministry, the distributors called for raising the present ceiling for refill sales by 50 percent. The distributors argue that the existing ceiling on refills is ba

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Majority of developing countries subsidise fuel products

Majority of developing countries subsidise fuel products

A study by World Bank shows that about two-thirds of the developing countries (considered in the study) have kept domestic prices of one or more petroleum products below market-clearing levels in the past three years. It adds that with the additional burden sharing by the oil and gas companies included, fuel subsidies amount to about 2

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LPG subsidy to be rolled out through DBT

LPG subsidy to be rolled out through DBT

The National Committee on Direct Benefit Transfer (DBT) recently decided to roll out the transfer of LPG subsidy through DBT in 20 districts with effect from 15 May 2013. Following this, the Principal Secretary to Prime Minister has written to the Secretary, Petroleum and Natu

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