Petroleum products
India’s Oil production in FY22
The crude oil production of India fell 2.67 percent in the fiscal year that ended on 31st March 2022. The production of ONGC was less than the target, but KG production by Reliance-BP’s natural gas output rose. Overview: In 2021-22 ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024 • India Nation & States Current Affairs
Milestone in India’s Export
India’s exports crossed the USD 400 billion mark in a fiscal year. This is the first time India’s export has reached such heights. Overview: This milestone has been achieved due to good performance by various sectors such as engineering, petroleum ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
India shifts towards clean Diesel and Petrol from April 1
From April 1, 2020, India will shift to Euro-VI emission compliant from Euro-IV grades that is being followed now. This means that India will shift towards more clean form of fuel. Highlights As India shifts to Euro VI grades, it ..
Month: Current Affairs - February, 2020
GoI launches paperless licensing of petroleum service stations
On January 20, 2020, the Department of Industry and Internal Trade (DPIIT) announced that it has launched paperless licensing process for petroleum service stations. The paperless licensing has been launched under Petroleum Rules, 2002. The implementing agency of the order ..
Month: Current Affairs - January, 2020
GoI launches Saksham, a mega campaign on fuel conservation
The Petroleum Conservation Research Association (PCRA) operating under Ministry of Petroleum and Natural Gas will launch fuel conservation campaign on January 16, 2020. Highlights The campaign will create awareness among public about fuel conservation. PCRA has been conducting Saksham campaigns ..
Month: Current Affairs - January, 2020
4 Northern states and 2 UTs agree to fix uniform tax rates on petroleum products
Northern states of Punjab, Haryana, Uttar Pradesh, Himachal Pradesh and Union Territories of Delhi and Chandigarh have agreed to fix uniform tax rates on petroleum products, amid rising fuel prices. Besides, these states and UTs also have agreed to bring ..