The Supreme Court on Tuesday issued notice to the Centre on the Tamil Nadu government’s writ petition challenging the Centre’s decision to reduce allocation of kerosene to the State by 55 per cent from June 2011, from 65,140 kilo litres to 29,060 KL.

A three-judge Bench of Chief Justice Altamas Kabir and Justices Vikramajit Sen and Kurian Joseph issued notice after hearing Additional Advocate General Subramonium Prasad, appearing for Tamil Nadu.

The Forest Department of Nagaland has been providing cooking gas connections to villagers to stop deforestation in the state.

Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis

Even as the Centre is accelerating the Direct Benefits Transfer (DBT) scheme for subsidised LPG cylinders, oil marketing companies are unlikely to benefit much from it. This is because the Prime Minister's Office has proposed that the government credit subsidy for only one cylinder into a beneficiary's account. Subsidy on the remaining quota of eight liquefied petroleum gas (LPG) cylinders would be borne by oil marketing companies (OMCs), which the government would reimburse later.

India’s energy consumption has risen at a compounded annual growth rate of 5.96% in the last three decades even while GDP has grown by 5.7%, pointing to need for fuel price reforms and securing more of the hydrocarbon from domestic sources.

According to the Energy Statistics report for 2013 prepared by the ministry of statistics and programme implementation (MoSPI), the per capita energy consumption has grown by five times to 6205.25 kWh at the end of 2011-12 from 1,204.39 kWh in 1970-71, a CAGR growth of 3.98%. The per capita energy consumption was up by 7.2% during 2011-12.

The government is gearing up for the next big leap under the Direct Cash Transfer (DCT) scheme to bring a huge number of nearly 14 crore LPG consumers under its ambit.

The scheme, which is likely to be launched from July 1, is aimed at directly putting the subsidy component of the domestic cylinder into the bank account of the consumers to eliminate the leakages in the system and address the problem of diversion of domestic cylinders for commercial market.

The project aims to maximise refinery margins at least by $1 a barrel

Chennai Petroleum Corp Ltd (CPCL), a subsidiary of IndianOil Corp Ltd, has got environment clearance for its Rs 3,350-crore expansion project at the Manali refinery near here. Proposed two years ago, the project aims to maximise the refinery margins at least by $1 a barrel. It will produce more high value distillates and enable the company to process more of the cheaper high-sulphurous crude.

GUWAHATI: The Opposition parties on Monday criticized the 2013–14 State budget presented by Chief Minister Tarun Gogoi in the Assembly and slammed it as ‘anti–people’.

Reacting to the budget, Asom Gana Parishad (AGP) president Prafulla Kumar Mahanta said, “It seems that the budget presented by the Chief Minister in the Assembly was prepared as per the directions of Asian Development Bank (ADB) and World Bank (WB). Most of the schemes proposed in the budget are likely to be taken up with the help of loan money.”

After failing to get the Oil and Gas Regulatory Authority (Ogra) do its bidding, the Petroleum Ministry has approached the Economic Coordination Committee (ECC) to close down the CNG stations in th

Oil-marketing companies (OMCs) have decided to increase petrol prices by Rs 1.40 per litre with effect from Friday midnight. With this, petrol price in Delhi would be Rs 70.46 a litre now.

The last price hike was on February 16. Between then and now, international petrol prices rose from $128.57 per barrel to $131 per barrel, which necessitated price revision, said an IndianOil Corporation (IOC) release. The rupee has also depreciated from Rs 53.43 to Rs 54.15 versus dollar in the same period.