Ministry of Petroleum and Natural Gas simplifies the guidelines for grant of authorization for bulk and retail marketing of petrol and diesel

The Ministry of petroleum and Natural Gasvide  Resolution dated 08.11.2019 has simplified the guidelines for grant of authorization for bulk and retail marketing of Motor Spirit (Petrol) and High Speed Diesel (Diesel).  The simplified guidelines aim at increasing private sector participation in the marketing of MS and HSD.  An entity desirous of seeking authorization for either … Read more

Goa Carbon reports 10,987.600 MT production of Calcined Petroleum Coke in October

Goa Carbon has reported production of 10,987.600 million tonnes (MT) of Calcined Petroleum Coke for the month of October 2018. Of the total production achieved for the month, Goa plant produced 1,194.600 MT and Pradeep plant produced 9,793.000 MT of Calcined Petroleum Coke. On the sales front, the company sold a total 11,730.577 MT of … Read more

Chennai Petroleum Corporation reports 93% fall in Q2 consolidated net profit

Chennai Petroleum Corporation has reported results for second quarter ended September 30, 2018. The company has reported a fall of 91.42% in its net profit at Rs 27.04 crore for the quarter under review as compared to Rs 315.08 crore for the same quarter in the previous year. However, total income of the company increased … Read more

Rain Industries’ arm to resume shipments of petroleum coke to Vizag facility

The company uses green petroleum coke (GPC) as its primary feedstock in the production of calcined petroleum coke (CPC). Rain Industries’ subsidiary — Rain Carbon — will resume shipments of petroleum coke to its Vizag calcining facility in Visakhapatnam, India. This follows an October 9 ruling by the Supreme Court of India that exempts calciners from … Read more

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