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Cabinet Secretariat rejects Oil Ministry's proposal on gas prices
Oil Ministry's proposal for an across-the-board near doubling of natural gas prices has been rejected by the Cabinet Secretariat saying a ministerial panel headed by Defence Minister A K Antony did not have powers to do so. #NewsTracker #Oil Ministry #Natural gas pricing #Cabinet Panel
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Oil regulator wants RIL to give up 86% of KG-D6 area
The DGH has stated that the company should contractually give up 6,601 sq km out of the total 7,645 sq km total area in the block. #Reliance Industries #Oil Ministry #DGH #KG-D6 #CompanyWatch
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CAG to check propriety of RIL spending on KG-D6: Oil Min
As CAG gets ready to resume audit of Reliance Industries' spending on KG-D6 gas block, the Oil Ministry has set rules of engagement for the scrutiny saying the auditor will examine propriety of expenses as has been set out in the PSC. #CAG #Oil Ministry #TheySaidIt #RIL #PErformance Audit #Financial Audit
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Cairn offers ONGC,Oil Min position on company's board
Having faced regulatory hurdles in getting routine approvals, mining baron Anil Agarwal today offered Oil Ministry and state-owned ONGC board position on his group's subsidiary Cairn India to expedite nods for raising output. #CorporateStrategy #Oil Ministry #ONGC #Cairn India
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Oil Min to move EGoM on changing priority of gas supply
Oil Minister M Veerappa Moily today said he will move a note for the consideration of high powered ministerial group to change priority of allocation of the fuel as well as pooling price of imported and domestic gas. #NewsTracker #Oil Ministry #KG-D6 #RIL #gas #Power Plants
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Investment panel fails to break logjam over stuck oil, gas projects
The newly-constituted Cabinet Committee on Investmenty gave the warring petroleum and defence ministries one months' time to sort out differences over 39 oil blocks and free up investment worth $16 billion #oil #Oil Ministry #Petroleum #CCI #defence ministry
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OilMin proposes doubling gas price to $8-8.5 per mmBtu
Oil Ministry has moved a Cabinet note for nearly doubling the price of natural gas produced by state-owned ONGC and OIL to $8-8.5 per million British thermal unit in the current year itself and for Reliance Industries from April 2014. #oil prices #NewsTracker #Oil Ministry #gas prices
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Diesel: Ball in oil cos' court, but price hike unlikely today
While Oil Minister Veerappa Moily said the government has allowed the companies to price decisions, oil secretary said it is not a move to deregulate the sector. #BreakingNow #Diesel #Moily #OilMinistry
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Diesel price decision ok but who will call the shots, ask experts
Everyone is sceptical about how fast or will it be implemented. The government is the owner of these companies and will always have a say in the pricing. #Oil Ministry #Petrol #Oil marketing companies #ExpertView #diesel price
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Petrol prices hiked by 35 paise/litre
Petrol will cost Rs67.56 per litre in Delhi from today. #NewsTracker #Oil Ministry #petrol hike #petrol price