petroleum Current Affairs, GK & News
The Petroleum Planning and Analysis Cell operating under Ministry of Petroleum recently released a report on petroleum consumption of India. According to the report, fuel consumption of the country reduced by 9.1% in the year 2020-21 as compared to that of the previous year. This is the first time the petroleum consumption contracted to the ..
Category: Reports & Indexes Current Affairs
States are starting to target petroleum for revenue. Nagaland recently imposed a cess on petrol and diesel sales. Cess Cess is a type of tax that is charged on a commodity over and above the base tax liability of the tax payer. It is generally imposed when the government needs to raise funds for a ..
The Prime Minister of India, Narendra Modi led government announced a gift by launching Paperless licensing for petroleum service stations. The gift is in terms of Digital India and Ease of Doing Business towards paperless and green India that will provide a simpler mechanism, ease of living and business to the petroleum road tanker owners. ..
Topics: Department for Promotion of Industry and Internal Trade • Ministry of Commerce and Industry • Narendra Modi • petroleum • Petroleum and Explosives Safety Organization • Prime Minister of India
Mexico recently announced one of its biggest oil discoveries. The discovery is the biggest since the find in 1987. The oil was discovered in the Quesqui Field in the Tabasco state on the Gulf coast. It is an on-shore field with a reserve of 500 million barrels of crude deposits. This is a combined estimate ..
The policymakers are now deliberating on India’s strategic oil reserves at Mangaluru, Paddur (near Udupi) and Visakhapatnam after the drone strikes on Saudi Arabian Oil Co or Saudi Aramco’s facility over the weekend sent shock waves across global oil markets, hitting supplies. India’s Strategic Oil Reserves State-owned Indian Strategic Petroleum Reserve Ltd (ISPRL) which is ..
Topics: Energy • Energy in Saudi Arabia • Energy security • Mangalore • Ministry of Petroleum and Natural Gas • Oil reserves • Oil storage • Petroleum • Petroleum industry • Strategic Petroleum Reserve