Home » Petrochemicals

Petrochemicals

Petroleum Minister holds a number of bilateral discussions with foreign dignitaries

Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan has said that the inevitable shift in global energy consumption to Asia is a reality. Addressing the opening session of the 8th Asian Ministerial Energy Roundtable in Abu Dhabi today, he said that we now need to ensure that this change is rooted in Energy Justice, which was ...

Read More »

Sh Dharmendra Pradhan launches the commencement of work for 10th City Gas Distribution bidding round, covering 50 Geographical Areas in 124 districts 

Minister of Petroleum and Natural Gas & Steel Sh Dharmendra Pradhan today launched the commencement of work for 10th City Gas Distribution (CGD) bidding round which will cover 50 Geographical Areas (GAs) in 124 districts. Hon’ble Prime Minister Sh Narendra Modi had launched the 10th CGD bidding Round on 22nd November, 2018. Sh Pradhan had distributed Letters of Intent to 12 successful ...

Read More »

Petroleum Sector contributed Rs. 595,438 Crore to Exchequer in 2018-19 

Prices of petrol and diesel have been made market-determined by the Government with effect from 26.06.2010 and 19.10.2014 respectively. Since then, the Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of petrol and diesel in line with international product prices and other market conditions. The total contribution to Central and State Exchequer from petroleum sector during the ...

Read More »

GST Council has to decide on levy of GST on Petroleum Products 

Article 279A (5) of the Constitution provides that Goods and Services Tax Council shall recommend the date on which goods and services tax shall be levied on petroleum crude, high speed diesel, motor spirit, natural gas and aviation turbine fuel. Thus while, petroleum products are constitutionally included under GST, the date on which GST shall be levied on such goods, ...

Read More »

4 Plastic Parks approved for implementation in Phase-I

Union Minister for Chemicals and Fertilizers, Shri D.V. Sadananda Gowda, while giving a written reply to a question on Plastic Parks, in Lok Sabha today, stated that there is a scheme in place to establish Plastic Parks across the country. Shri Gowda stated that in phase-I of the scheme, four Plastic parks in the States of Assam (Tinsukia), Madhya Pradesh ...

Read More »

National Policy on Bio-Fuel 

The National Policy on Biofuels-2018 notified on 8.6.2018, inter-alia, allows production of ethanol from damaged food grains like wheat, broken rice etc. which are unfit for human consumption. The policy also allows conversion of surplus quantities of food grains to ethanol, based on the approval of National Biofuel Coordination Committee. Use of damaged foodgrains and surplus foodgrains for production of ethanol will ...

Read More »

Monthly Production Report for February, 2019 

Crude Oil Crude oil production[1] during February, 2019 was2563.73TMT which is13.36% lower than target and6.14% lower when compared with February, 2018.Cumulative crude oil production during April-February, 2018-19 was 31348.98 TMT which is 7.06% and 3.96% lower than the cumulative target and production respectively during the corresponding period of last year.Unit-wise and State-wise crude oil production is given at Annexure-I. Unit-wise crude oil ...

Read More »

PM dedicates to the nation Integrated Refinery Expansion Complex and Mounded Storage Vessel at LPG Bottling Plant in Kochi

Prime Minister Narendra Modi visited  Kochi , Kerala today and dedicated to the nation and also laid foundation stone for various projects in the state. Among the projects dedicated to the nation include Integrated Refinery Expansion Project Complex (IREP) at Kochi. IREP will be a modern expansion complex and transform Kochi refinery into the largest PSU Refinery in India with ...

Read More »

Demand and Supply of Natural Gas 

The supply of natural gas in the country along with the quantum of LNG imported during the last three years and the current year is as follows: (MMSCM) Natural Gas 2015-16 2016-17 2017-18) 2018-19 (P) (April-Oct 2018)   Net availability of domestic gas   31129 30848 31731 18586 LNG import   21388 24686 26328 16468 Total consumption   52517 55534 ...

Read More »

Gas trading hub to be set up soon to allow easy and ready access to gas suppliers 

The Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan has said that Energy is a key driver of economic growth and thus, our Government’s focus has been to bring about transformational changes in the energy landscape of India to fulfil the twin objectives of energy justice and climate justice. Speaking at a Programme here ...

Read More »