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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
By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

Feb 16, 2015

By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

The Modi government has, by allowing petrol and diesel prices to rise this week, has indicated that it intends to let prices be determined by market conditions. It needs to distance itself further from these decisions. #Petrol #Oil subsidies #Diesel #Diesel Price HIke #LPG Deregulation #Oil Deregulation #Kerosene Prices
Indian Oil loss widens to Rs 2,636.80 cr in Q3, falling oil prices harm

Feb 13, 2015

Indian Oil loss widens to Rs 2,636.80 cr in Q3, falling oil prices harm

Inventory loss arose because IOC has inland refineries, where reaching imported crude oil takes time. #Business #ONGC #EarningsShow #LPG #Kerosene #B Ashok #Crude price #India Oil
Govt frees non-PDS kerosene from regulatory control

Feb 10, 2015

Govt frees non-PDS kerosene from regulatory control

With a view to ease the availability of market-priced kerosene, the government has freed sale of non-PDS kerosene from regulatory control. #Public Distribution System #PDS #Kerosene