Category : Industry
Date : Aug-10-2010 09:48
A fresh cargo of liquefied natural gas that was bought by Gujarat State Petroleum Corporation Ltd arrived at Hazira.It was bought through the spot market.Meanwhile, it is said that this is GSPC''s 7th spot cargo until now.It is also the third this year purchased independently through the open market. GSPC, however, is one of the largest importers of spot LNG cargoes in India in the current year.Moreover, GSPC stated that LNG carrier Iberica Knutsen sailed from Trinidad and Tobago with over 53,000 tons of LNG.It anchored at the Hazira LNG Pvt Ltd''s LNG receiving and regassification terminal at Hazira in Surat district. On the other hand, GSPC will import five more cargoes under the same short term supply arrangement either at Dahej or HaziraEarlier, it was said that it seems that the Oil Ministry is unsure on a petrol price hike by month-end.Meanwhile, the government will not interfere with the decision of oil marketing companies on a petrol price hike. The pressure, however, on prices still carries on.This is although the government and the RBI are working in tandem to lessen inflation.The petrol price may increase once again, in spite of facing stiff resistance by the opposition.In the meantime, after the Parliamentary session, the petrol rates may be increased by Re 1 per litre. The rise, however, is likely by month-end. On the other and, petrol price was raised by Rs 3.5 per litre, diesel by Rs 2 per litre, kerosene by Rs 3 per litre. It also decided to free petroleum products from its grip to be driven by the market rates. Moreover, the government is also not worried about the current under-recovery in petrol.
Date : Aug-10-2010 09:48
A fresh cargo of liquefied natural gas that was bought by Gujarat State Petroleum Corporation Ltd arrived at Hazira.It was bought through the spot market.Meanwhile, it is said that this is GSPC''s 7th spot cargo until now.It is also the third this year purchased independently through the open market. GSPC, however, is one of the largest importers of spot LNG cargoes in India in the current year.Moreover, GSPC stated that LNG carrier Iberica Knutsen sailed from Trinidad and Tobago with over 53,000 tons of LNG.It anchored at the Hazira LNG Pvt Ltd''s LNG receiving and regassification terminal at Hazira in Surat district. On the other hand, GSPC will import five more cargoes under the same short term supply arrangement either at Dahej or HaziraEarlier, it was said that it seems that the Oil Ministry is unsure on a petrol price hike by month-end.Meanwhile, the government will not interfere with the decision of oil marketing companies on a petrol price hike. The pressure, however, on prices still carries on.This is although the government and the RBI are working in tandem to lessen inflation.The petrol price may increase once again, in spite of facing stiff resistance by the opposition.In the meantime, after the Parliamentary session, the petrol rates may be increased by Re 1 per litre. The rise, however, is likely by month-end. On the other and, petrol price was raised by Rs 3.5 per litre, diesel by Rs 2 per litre, kerosene by Rs 3 per litre. It also decided to free petroleum products from its grip to be driven by the market rates. Moreover, the government is also not worried about the current under-recovery in petrol.
Comments