Showing of 0 - 10 from 138 results
Oilministry - Total results - 138
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.
Nov 25, 2015
Free gas pricing policy won't help 15-17 Tcf gas discoveries but future findsThe ministry proposed a Uniform Licensing Policy that will allow exploitation of all forms of hydrocarbons - conventional oil and gas as well as unconventional shale oil and gas and coal-bed methane (CBM) under one permit.
Nov 17, 2015
Govt proposes to free gas pricing, start revenue sharing for explorationIn the new regime, the companies will have to indicate the quantity of oil and gas they will share with the government at different stages of production as well as at different rates
Sep 30, 2015
Govt cuts gas price to $3.82, braces for revenue dent by Rs 800 crThe price cut today is the second reduction in rates ever - the first being on 1 April.
Jun 26, 2015
India to auction oil and gas blocks this fiscal, says Dharmendra PradhanThe minister said investors are "happy" with the current gas pricing formula which is reviewed every six months.