Avery colourful legend has it that during the construction of the railway line from Dibrugarh to Margherita by Assam Railways & Trading Co (AR&TC) in 1867, a herd of logging elephants returned to the camp with their feet covered in crude oil. Even as this led the AR&TC personnel to look for seepages, the site engineer, WL Lake, reportedly cried out in excitement to his workers, 'Dig boy, dig!' on coming to learn about it.
Tag: PPAC
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2016 fuel sales growth highest in 16 years
The countryÂ’s fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.
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Price of Indian basket of crude oil rises
On June 25, the international crude oil price of Indian basket rose to $99.96 per barrel (bbl) from $98.23 per bbl prevailing on the previous trading day of June 24. The price is computed or published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas. The Indian Basket crude oil price had fallen to 98.23 per bbl on June 24 from $100.10 per bbl on June 21 (the earl
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Demand for diesel grows
As per the data with the Petroleum Planning and Analysis Cell (PPAC) of the Union Ministry of Petroleum and Natural Gas, consumption of diesel continues to grow at a faster pace than other petroleum products despite the regular hike in diesel prices.
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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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OMCs sell 2.8% more fuel products in December 2012
Data from the Petroleum Planning and Analysis Cell of the oil ministry shows sale of fuel products grew 2.8 per cent to 13.41 million tonne in December from the year ago month. Of this, sale of diesel constituted 6.13 million tonne, which is 4.4 per cent higher than December 2011. Diesel consumption makes up over 40 per cent of local fuel sales. Sale of diesel in December improved over Nove
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PPAC cuts growth forecast of fuel sales
Data released by the Petroleum Planning and Analysis Cell (PPAC) shows that fuel sales in the country may grow 5.2 percent in 2012-13, down from its earlier projection of 6.1 percent. In 2011-12, the sales grew 5 percent and the country consumed 148.13 million tonne of fuel, data show
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Indian basket crude oil declines marginally
According to data released by Petroleum Planning and Analysis Cell (PPAC), the international crude oil price for Indian Basket fell to 107.54 $ per barrel (bbl) on November 16, 2012. This is $00.37 a bbl lower compared to $107.91 a bbl the previous trading session. In rupee terms also, crude oil price fell to Rs 5,913.62 a bbl on November 16, 2012 as com
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EPE road project faces delay
The 135-km Eastern Peripheral Expressway (EPE) that is intended to link Haryana’s Palwal town with Uttar PraÂdesh’s Kundli, is facing further delay.While the cabinet committee on infrastructure and the Public Private Partnership Appraisal Committee (PPAC) approved toll rates on par with those on national highways and the Western Peripheral Expressway (WPE), the Road Ministry insists on charging 50 percent more.