Ludhiana to get CNG by year-end
Ludhiana will get the facility of Compressed Natural Gas (CNG) by the end of the year for industrial, residential and vehicular use, confirmed Kahan Singh Pannu, Director, Mission Tandrust Punjab.
Fuel hike gives states Rs 227 billion windfall
Due to an increase in the prices of petrol and diesel, the state governments will reap a windfall gain of about Rs 227 billion this fiscal, claimed State Bank of India’s Economic Research Wing.
BPCL to skip Iran oil purchases in October
Due to a turnaround at its plants, Bharat Petroleum Corporation (BPCL) will be skipping the purchase of Iranian oil in October. However, the refiner will be lifting 1 million barrel of Iranian oil in September.
ONGC to not subsidise fuel
Earlier, the government had considered of regulating the fuel prices and imposing a subsidy burden on the Oil and Natural Gas Corporation (ONGC), if the crude oil breached a certain level.
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