Petro Daily Newsletter

Headline Scan Friday -- March 16, 2012 Per litre subsidy on diesel mooted Removing diesel subsidy would lead to a functional market for oil retailing Refiners see no threat from US exports CCI imposes penalty on 50 LPG cylinder makers Single bid for Gujarat Gas from PSU consortium Fuel price hike could be on the cards U.S. May Sanction India Over Level of Iran-Oil Imports Regulatory body for tariffs likely Subsidised diesel adding to pollution, health costs: Survey Opposition demands probe into affairs of GSPC Gas output from KG basin likely to come down further Gujarat govt nets Rs15K cr VAT revenue on fuel sales Govt not considering differential pricing for diesel Luxury car buyers 'misusing' diesel subsidy Jharkhand gives diesel subsidy to farmer, makes kerosene cheaper India's recoverable crude oil reserve is estimated at 757.4 MT India's oil refining capacity likely to rise 15% to 214 MT Jet fuel prices raised by 2% ONGC gives 30 per cent dividend; government nets over Rs 880 crore BPCL buys Nigerian and Libyan crude in tender See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Per litre subsidy on diesel mooted Stating that the subsidised diesel was taking a toll on the health and environment, the Economic Survey strongly pitched for not only a hike in p... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037128   Removing diesel subsidy would lead to a functional market for oil retailing Under-recovery on diesel as per the Indian petroleum ministry website was 10.94 a litre in February 2012 when the procurement price was 37.80 per... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037135   Refiners see no threat from US exports NEW DELHI: Indian fuel exporters see little threat from the US turning a net exporter of petroleum products since demand in the Indian Ocean and ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037127   CCI imposes penalty on 50 LPG cylinder makers NEW DELHI, The Competition Commission of India has imposed penalty on 50 private LPG cylinder manufacturers for collusive bidding against Indian ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037126   Single bid for Gujarat Gas from PSU consortium British Gas (BG), which is in the process of divesting its 65.12 per cent controlling stake in Gujarat Gas, had earlier extended the bid deadline... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037129   Fuel price hike could be on the cards NEW DELHI: An increase in motor fuel prices should be imminent and diesel cars too could cost more, if the government's report card on the econom... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037130   U.S. May Sanction India Over Level of Iran-Oil Imports Alejandro Barbajosa, an oil markets specialist and business development manager at Argus Media Inc., talks about oil supply disruption and the ro... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037131   Regulatory body for tariffs likely Currently, government decides diesel price in the country. It varies with change in international crude oil prices. In a year, Railways consume a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037132   Subsidised diesel adding to pollution, health costs: Survey Diesel price needs to be revised upward, or subjected to higher taxes, as misuse of subsidised diesel was adding to pollution and public health c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037133   Opposition demands probe into affairs of GSPC The Opposition Congress on Wednesday demanded that an all-party committee be formed to probe the alleged irregularities, running into hundreds of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037134   Gas output from KG basin likely to come down further HYDERABAD, All indications are now pointing towards further drop in natural gas supplies from the KG basin and the expansion projects of gas base... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037136   Gujarat govt nets Rs15K cr VAT revenue on fuel sales The state government earned VAT revenues of more than Rs15,700 crore on sale of natural gas and other fuels in the last two years, the assembly w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037137   Govt not considering differential pricing for diesel NEW DELHI, MARCH 15: The Ministry for Petroleum and Natural Gas is not considering any differential pricing for different use of diesel. See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037138   Luxury car buyers 'misusing' diesel subsidy NEW DELHI, While blaming diesel luxury car buyers for "misusing" the diesel fuel subsidy, the Economic Survey 2011-12 has said that diesel prices... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037139   Jharkhand gives diesel subsidy to farmer, makes kerosene cheaper RANCHI: The Jharkhand government in its budget 2012-13 made kerosene cheaper, announced diesel subsidy for small farmers and waiver of entry levy... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037140   India's recoverable crude oil reserve is estimated at 757.4 MT NEW DELHI: India's recoverable crude oil reserve has been estimated at 757.4 million tonne (MT) on Apr 1, which is not adequate to meet country's... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037141   India's oil refining capacity likely to rise 15% to 214 MT The Economic Survey 2011-12, which was tabled in Parliament today, stated that the total refining capacity in the country as on January 1, 2012, ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037142   Jet fuel prices raised by 2% New Delhi, : The government-owned oil companies on Thursday increased the jet fuel price by two per cent, the second increase in rates this month... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037144   ONGC gives 30 per cent dividend; government nets over Rs 880 crore NEW DELHI: State-owned Oil and Natural Gas Corp (ONGC) declared the second interim dividend of 30 per cent, which will net the government over Rs... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037145   BPCL buys Nigerian and Libyan crude in tender LONDON: Bharat Petroleum Corporation Ltd (BPCL) has bought Libyan and Nigerian crude oil via tender for the second half of April, traders said on... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037146   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here