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ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Indian Oil returns to seek jet fuel, kerosene

May 20, 2015

Indian Oil returns to seek jet fuel, kerosene

It will also buy another 5,000 tonnes of jet fuel, to be co-loaded with similar volumes of superior kerosene, for delivery to Chennai. #NewsTracker #Indian Oil #Kerosene #Jet fuel
Centre mulls auction of ONGC, Oil India oil fields to private firms

Apr 14, 2015

Centre mulls auction of ONGC, Oil India oil fields to private firms

The ministry is reasoning the auctioning of the marginal fields to they being uneconomic for a large firm with huge overheads to develop or bring to production. Smaller firms with a fraction of operating cost can develop them at a much faster and economic rate. #CAG #NewsTracker #ONGC #LPG #Kerosene #Oil India #CCEA #New Exploration Licensing Policy
Modi's brother does a Kejriwal; protests kerosene and food shortage

Mar 03, 2015

Modi's brother does a Kejriwal; protests kerosene and food shortage

Prime Minister Narendra Modis younger brother Prahlad Modi who is the national vice-president of All-India Fair Price Shop Dealers Federation, in an agitation against the Central Government on Monday warned the BJP that ration shop keepers could sink the party in the upcoming UP and Bihar elections, if their demands are not met. #New Delhi #Mumbai #PDS #Kerosene #Azad Maidan #Ramlila ground #Prahlad Modi