petroleum Current Affairs, GK & News

Use of Bio-Diesel in Diesel Locos

The Indian Railways is planning to run its diesel locomotives fleet using bio-diesel. The Indian Railways has informed the Parliament that the B-5 bio-diesel has been tested for the operation of diesel locomotives by the Research Designs and Standards Organisation (RDSO). Overview: Initially, bio-diesel might be used for running diesel locomotives on a pilot basis ..

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India’s Petroleum consumption contracts 9.1% in FY21

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 ..

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Nagaland has imposed a COVID-19 Cess on Petroleum

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 ..

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Paperless licensing for Petroleum Service Stations launched

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. ..

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Mexico discovers oil

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 ..

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