Latest News on Oil ministry
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Oil ministry - Total results - 142
Aug 21, 2017
ONGC board gives in-principle approval to acquire 51.11 percent stake in HPCLThe board of state-owned Oil and Natural Gas Corp (ONGC) on Monday gave 'in-principle' approval to acquire government's 51.11 percent stake in Hindustan Petroleum Corp Ltd, the company said in a regulatory filing.
Jun 27, 2017
GST from 1 July: Natural gas may be included in new tax regime, likely to benefit ONGCCurrently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from 1 July
Apr 21, 2017
Calls to shut petrol pumps on Sundays: Oil ministry denounces decision, says move will inconvenience publicAll India Petroleum Dealers Association, which claims to represent 80 percent of the 53,224 petrol pumps of public sector oil firms, has said it is not participating in the closure exercise
Apr 21, 2017
Finance Ministry ratifies 8.65% interest rate on EPF deposits for 2016-17The Employees' Provident Fund Organisation trustees had approved 8.65 percent rate on EPF in December last year.
Feb 22, 2017
ONGC to take Rs 1,600 cr hit on quarterly earnings from royalty payments to Gujarat, AssamThe Supreme Court has asked the federal government to compensate Gujarat and Assam for 150 billion rupees in lost revenues due to lower royalties paid by state-run explorers ONGC and Oil India Ltd.
Jan 11, 2017
Fuel consumption surges to 10.7% in 2016; highest in 16 yearsConsumption of fuels, a proxy for oil demand, surged 10.7 percent to 196.48 million tonnes in 2016, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed.
Oct 05, 2016
No Aadhar card? You will not get LPG subsidy without it after NovemberTill the time Aadhaar is assigned, LPG subsidy would be transfered based on bank photo passbook and Aadhaar enrolment ID slip or his voter ID card or ration card or kisan photo passbook or passport of driver license along with copy of request for Aadhaar enrolment.
Sep 30, 2016
Gas price for industrial use cut by 18% to $2.5 per million British thermal unitPrice of natural gas, used for generating power, making fertiliser and supplying CNG, was today cut by 18 per cent to USD 2.5 per million British thermal unit, fourth reduction in 18 months.
Jul 20, 2016
Govt refutes CAG claim on LPG subsidy; says DBT scheme saved Rs 21K cr in 2 yrsIn face of a CAG report drilling holes into subsidy savings made on LPG, the government today asserted that over Rs 21,000 crore was indeed saved in two years by directly transferring subsidy to user bank accounts.
Apr 28, 2016
RIL entitled to recover cost on unviable gas discovery: PACTaking a diagonally opposite view to CAG, Parliament's Public Accounts Committee today said RIL is entitled to recover all cost incurred on unviable gas discoveries as government's technical arm DGH had in the first place allowed it to retain the entire KG-D6 block area.