Due to the government's ceiling on number of LPG cylinders a year for a household, Hindustan Petroleum Corporation's (HPCL) plan to set up a second underground storage facility for liquefied petroleum gas (LPG) in Mangalore has hit a roadblock.
Tag: LPG
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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
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
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
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
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
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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NMPT handles major share of LPG handling in India
New Mangalore Port Trust (NMPT) handles a major share of total liquefied petroleum gas (LPG) handling in the country. It handled around 2.08 million tonne of LPG in 2011-12, P Tamilvanan, Chairman of the port trust informed. The LPG import facility of HPCL in Mangalore contributes around 1.5 million tonne, S Roy Choudhury, Chairman and Managing Director of HPCL informed
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Crude oil price of Indian basket falls marginally
The international crude oil price of Indian Basket as computed by the Petroleum Planning and Analysis Cell (PPAC) recently declined to $107.19 per barrel (bbl)on March 11, 2013. This was lower than the price of $107.32 per bbl prevailing on the previous trading day of March 8, 2013. PPAC comes under the Ministry of Petroleum and Natural Gas. In rupee terms, also the Indian Basket crude oil p
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Net profit of GAIL rises 18%
The net profit of state-run gas transmission major GAIL grew 18 percent to Rs 1,285 crore during Oct-Dec 2012 quarter. The rise in the bottomline is attributed to a low subsidy burden and good performance of its petrochemicals division after a recent expansion