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Indias fuel consumption up 15percentage in Sept
November 2015
India┬┤s fuel consumption surged by 15.1 per cent in September, up to 14.699 million tonnes, from 12.771 million tonnes in the same month a year ago.
Oil ministry drops plan to set up panel for fixing gas prices
May 2014
The oil ministry has dropped its plan to form an inter-ministerial committee to determine gas prices every quarter based on the C Rangarajan committee formula, and has decided to rely on its own expertise to calculate new rates. The ministry now wants its number-crunching wing, the Petroleum Planning & Analysis Cell (PPAC), to approve and notify gas prices calculated on the basis of the complex formula every quarter.
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