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Over Rs 1 trn investment in oil, gas projects lined up in AP: Pradhan

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Over Rs 1 trn investment in oil, gas projects lined up in AP: Pradhan The projects include Rs 26,264 cr modernisation of Visakhapatnam refinery by 2022-23, and Rs 68,000 cr in the development of offshore oil and gas fields. Current Affairs :• Over Rs 1 trillion interest in oil and gas fields just as treatment facility modernisation venture has been lined in Andhra Pradesh, Oil Minister Dharmendra Pradhan advised Vice President M Venkaiah Naidu on Tuesday. The tasks incorporate Rs 26,264 crore modernisation of Visakhapatnam treatment facility continuously quarter of 2022-23, and Rs 68,000 crore in the improvement of seaward oil and gas fields, Pradhan said in tweets after the gathering. Another Rs 10,000 crore is being put resources into onland fields in KG Basin in the state, he said. “These oil and gas extends under various phases of execution will usher new day break of financial success for the individuals of Andhra Pradesh and further encourage simplicity of-living...

Fuel prices: Petrol witnesses marginal drop, diesel continues upward march

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Fuel prices: Petrol witnesses marginal drop, diesel continues upward march The last week of 2018 saw a dip in fuel prices. However, prices have been on the rise since January  Subsequent to seeing a climb for the recent days, the petroleum costs saw a minor drop of 8 paise on Wednesday in the national capital while diesel rates proceeded with its upward pattern following a climb of 12 paise. Petroleum and diesel are today being retailed at Rs 70.33 and Rs 64.59 per liter separately in Delhi. In the interim, in Mumbai, a liter of oil will cost Rs. 75.97 today after a decrease of 8 paise. Then again, Diesel saw a drop of 13 paise in Mumbai and is being sold at Rs 67.62 per liter. The rise in prices comes amidst the revision of global crude oil prices owing to a possible stifling of supply in the near future..... Read More —>  Click here