Coal Sampling and Grading Completed for 427 Mines

ONGC To Invest Rs One Trillion In Deepwater Exploration

Oil and Natural Gas Corporation has announced an investment of Rs one trillion (Rs 1 tn) in deepwater exploration over the next five years, with a plan to drill 87 deepwater wells during that period. The plan is presented as central to the firm's strategy to boost domestic output and is likely to be critical for reducing India's dependence on fossil fuel imports. The announcement sets a clear schedule for offshore work and aligns with broader policy initiatives. ONGC Chairman and Chief Executive Officer Arun Kumar Singh said the company would drill seven deepwater oil and gas wells this year a..

ATF Price Raised Five Point Four Six Per Cent; Commercial LPG Up Rs Nine Point Five Zero

Oil marketing companies raised Aviation Turbine Fuel (ATF) by five point four six per cent and increased commercial liquefied petroleum gas (LPG) cylinders by Rs nine point five zero per cylinder. The revisions were announced as part of the latest routine pricing cycle by fuel retailers and take effect immediately at retail outlets. The moves follow adjustments to input costs that distributors factor into consumer rates so that downstream prices reflect prevailing cost structures. The ATF increase will raise operating costs for airlines and will feed through into higher air transportation char..

India Oil Imports Driven By Price Says ONGC Chairman

India's crude oil imports from countries such as the United States and Venezuela are largely determined by prevailing prices, with at least 60 per cent of imports linked to price in the month or the following two months, ONGC chairman Arun Kumar Singh said. He indicated that imports by Mangalore Refinery and Petrochemicals Limited are primarily driven by price apart from term crude contracts. Mr Singh noted that term crudes are gradually reducing while spot purchases are decided on a cargo-to-cargo basis. He said that because spot decisions depend on price, exact import volumes cannot be prede..