Petrowatch - Market intelligence from the oil industry in India
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TODAY'S PRESS HEADLINES...Power secretary seeks gas for NTPC at $2.34 before resolution of RIL dispute (Indian Express)...Bring gas to NTPC issue before panel (Times of India)...Cairn sees Rajasthan reserves rising 25% (DNA)...IOC rejects partnership offer for proposed Barmer refinery (PTI)...ONGC to invest $5.8 bn in FY11: Oil minister (Reuters)...Government not planning to go for FPOs in ONGC, IOC now (PTI)...IOC proposes share sale to shore up its finances (Economic Times)...No Indian firm exporting petrol to Iran, says Jitin Prasada (PTI)...ONGC’s proposed SEZ in Gujarat gets green signal (PTI)...RIL made 20 visits to facilities; revised offer twice: LyondellBasell (PTI)...Taxes account for 51.5% of petrol price in Delhi (PTI)...Alternative source of gas supply – import from Iran and Turkmenistan (Press Information Bureau)...Modernization programme of ONGC (Press Information Bureau)...LPG suppliers threaten to close shops in Dimapur (PTI)...Why RIL’s bid for Lyondell failed (Live Mint)...Asia Crude-ONGC sells Sokol at stronger premium (Reuters )...IOC tenders to buy more crude oil for May (Reuters)...Oil ministry proposes three-year deepwater rig holiday (CNBC-TV18)...Power, petroleum ministries again clash on gas price (Hindustan Times)...Rajagopalan loses GSPC chief's post (Times of India)...Sanctions on Iran counter-productive (The Hindu)...India's Reliance 'eyes new prey after Lyondell snub' (AFP)...Costly crude puts strain on fuel price (The Telegraph)...Events in Nigeria and China help push crude prices higher (Financial Chronicle )...Mexican pride threatens oil production (Financial Chronicle)...Garware Offsh - award of contract from ONGC (Garware Offshore Services )...Aban Offshore - credit rating (Aban Offshore )...OIL field discovery in Syria by OVL and partner (ONGC Videsh)...Appendix 3Y (Oilex)...
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Fuel Prices

PRICEWATCH reports the ex-factory gate prices published every two weeks by Indian Oil, the country's largest state-owned refiner, of LPG, naphtha, fuel oil, jet fuel (ATF) and LSHS. Naphtha prices are of two sorts: one for the heavily subsidised fertiliser industry and another for industry at large, including the power sector. PRICEWATCH also reports the price of CNG and PNG published by the country's four principal retail gas distributors: Indraprastha Gas, Mahanagar Gas, Gujarat Gas and Adani Energy. Finally, PRICEWATCH provides the latest pump prices of diesel and petrol in the four biggest metros: Delhi, Mumbai, Kolkata and Chennai.

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