NEW DELHI - (Reuters) : India's biggest state-owned refiner Indian Oil Corp Ltd said on Wednesday that a gradual rise in India's natural gas consumption could reduce local diesel demand.
“Rising use of gas to begin denting diesel demand in five to seven years,” said B.V. Ramagopal, the director of refineries at Indian Oil.
Keeping in mind the increasing demand of natural gas in the country, the company is currently in the process of expanding its natural gas business, said Ramagopal.
Indian Oil is building up a liquefied natural gas terminal in the eastern coast of India and has been aggressively bidding for city gas distribution projects in the last few months.
The death toll in the Ella bus accident has increased to 15 with 16 others injured.
Sri Lanka’s largest renewable energy project, the ‘Rvidanavi’ Solar Power Park project was launched in Siyambalanduwa today by President Anura Kumara Dissanayake.
Former President Mahinda Rajapaksa is due to vacate his official residence at Wijerama Mawatha, Colombo this morning, a Sri Lanka Podujana Peramuna (SLPP) source said.
The Presidents’ Entitlements (Repeal) Bill was passed by a majority of 150 in parliament today. However the opposition MP’s were absent during the voting.
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