HPCL imports LPG in emergency for nonstop supply
The Dollar Business Bureau Hindustan Petroleum Corporation Ltd (HPCL) has started the emergency import of liquefied petroleum gas (LPG) for uninterrupted supply to Karnataka state consumers. The LPG production of Mangalore Refinery and Petrochemicals Ltd (MRPL) has come down from 2,500 tonnes per day to 800 tonnes per day due to water crisis in the city of Mangalore. HPCL’s Mangalore LPG Import Facility (MLIF) used to supply over 5,000 tonnes of LPG from its network along with Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Ltd (BPCL). As Nethravati, the main river of Dakshina Kannada, has completely dried up, there is severe shortage of water in the state affecting the production of industries like HPCL. According to the officials of HPCL, however ...
Long wait for LPG over as Kochi to witness its import terminal
The Dollar Business Bureau The proposed Multi-User Proposed Terminal would see its light, as the Kochi port terminal and the Indian Oil Corporation are on the verge of signing an agreement for the same. This would help in importing cooking gas into the Kerala market via Kochi. This decision would help in putting an end to the states reliance on tanker 'lorries' for transporting fuel via road from Mangalore. Movement of tankers have always been a major threat as there have always been number of accidents reported every year. The proposal for building the same has been pending for a very long time. The current decision is that the port authorities have agreed to build the terminal for IOC at a cost ...
Excise duties on petrol and diesel to fund roads & infra projects
Sai Nikesh | The Dollar Business Various proposals that were made in the Union Budget 2015-16 to ensure a greater stability in economy and the development of petroleum & natural gas, are also expected to give an additional boost to the infrastructure development. To fund the investment in roads and other infrastructure to the extent of Rs 40,000 crore, the proposals sought for an increase in effective rates of additional excise duties imposed on petrol and diesel from Rs 2 per litre to Rs 6 per litre. To boost the investments in infrastructure, a National Investment and Infrastructure Fund is being established and to this effect, a public –private-partnership mode of development would be revitalized with a view to ...
