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The world's fourth-biggest oil and gas consumer imports China Pipe Parallel Twin Screw Barrel nearly three-quarters of its energy requirements, but Prime Minister Narendra Modi has set a target of cutting its fuel import dependency to two-thirds by 2022 and to half by 2030. In a غير مجاز مي باشدt-recovery model a company starts sharing income with the government only once its exploration and development غير مجاز مي باشدts have been covered.India is auctioning a total of 46 oil and gas fields, the oil ministry said, with 26 on land, 18 offshore in shallow water and two in deep water.The mostly small, marginal discoveries on offer were originally controlled by two state-owned exploration companies, Oil and Natural Gas Corporation and Oil India Ltd. The deadline for submitting the bids is on October 31, with companies free to try for more than one exploration block.

The current low crude oil prices - now around a barrel - will also likely make it hard for the government to attract bids for the fields.India is auctioning a total of 46 oil and gas fields, the oil ministry said, with 26 on land, 18 offshore in shallow water and two in deep water.. Mumbai: India is putting up for auction nearly four dozen small oil and gas fields in the first such sale in six years, oil ministry said in a newspaper advertisement on Tuesday. The fields have remained undeveloped for years due to their small size and the high غير مجاز مي باشدt of development.In a revenue-sharing model a company operating an oil and gas field has to share revenue from any sales with the government from first production. Some exploration consultants have also criticised the revenue-sharing model being used by India as most countries auction oil and gas blocks based on a غير مجاز مي باشدt-recovery model.A successful auction of the small oil and gas fields is seen as crucial to a recently announced hydrocarbon policy, which India hopes will unlock energy resources worth billion by simplifying rules and offering pricing incentives.

Petrol will now غير مجاز مي باشدt Rs 65.There will be corresponding price revision in other parts of the country depending upon local taxes. In case of diesel, there were four straight hikes prior to that cut.63 per litre.07 a litre on March 17 and Rs 2.19 per litre on April 4.26 a litre and petrol marginally by 5 paise a litre from Wednesday midnight Rubber Screw in the national capital, the fourth increase in rates in six weeks.

The prices of these two fuels are revised on 1st and 15th of every month depending upon their rates in the international markets.Barring an exemption on April 16, when price of petrol was cut by 74 paise a litre and diesel by Rs 1.65 a litre in Delhi and diesel will غير مجاز مي باشدt Rs 55.Petrol price was increased by Rs 3.26 a litre following oil prices crossing per barrel mark. The hikes totaled Rs 4.State-owned oil marketing companies (OMCs) hiked diesel price by Rs 1.30, the upward trend in rates has been a phenomenon since March 17.58 a litre on June 1 and diesel by Rs 2.

“The current level of international product prices of petrol and diesel and Rupee-US dollar exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” said Indian Oil Corporation on WednesdayPetrol price was last hiked by Rs 2..19 per litre in Delhi.