The oil ministry is set to seek millions of dollars from Vedanta's Cairn Oil and Gas after the Delhi HC held that the firm was liable to pay higher profit share to the govt
Fuel consumption in the current fiscal ending 31 March will grow by just 1.3 percent, its slowest pace in six years.
Oil Ministry pitches for inclusion of natural gas in GST to promote use of environment-friendly fuel
Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclusion of natural gas in the ambit of GST to promote the use of the environment-friendly fuel by reducing multiplicity of taxes and improving business climate
US replaces Kuwait as India's sixth biggest oil supplier; exports 5.4 mn tonnes of crude in April-September 2019
The United States has surpassed Kuwait to become India's sixth-largest oil supplier as it supplied 70 percent more crude to the world's third-largest energy consumer during April-September
Hassan Rouhani calls US sanctions on Tehran's blacklisted central bank a 'desperation' in face of Iranian resistance
Iranian President Hassan Rouhani said on Monday new US sanctions, under which Iran’s central bank was blacklisted for a second time, pointed to US “desperation” in face of Iranian resistance
Boris Johnson accuses Tehran of attacks on Saudi oil installation ahead of meeting with Iranian president Hassan Rouhani in New York
British Prime Minister Boris Johnson accused Tehran of being behind attacks on Saudi oil installations, in remarks to reporters en route to New York where he will meet with Iran's president
Saudi Arabia committed to meet India's energy security needs amid disruption in global oil supply, says Ambassador Saud bin Mohammed Al Sati
In the midst of disruption in global oil supply following the biggest-ever attacks on its oil installations, Saudi Arabia has said it is committed to meet India's energy security needs and will work constructively with other oil producers to maintain market stability
India, the world's third-largest oil consumer, will not be hit by a reduction in production at its No. 2 supplier Saudi Arabia, the Oil Ministry said on Monday
India’s fuel demand rose 2.8 percent in August compared with the same month last year, but were at their lowest level in nine months
Govt considers splitting GAIL, to hive off pipeline business into a separate entity, sell it to strategic investor
GAIL is India's biggest natural gas marketing and trading firm and owns more than two-thirds of the country's 16,234-km pipeline network, giving it a stranglehold on the market.
After the Motera field was discovered in Ahmedabad, ONGC was wary of encroachment around the oil wells in a city that was developing into a megapolis
Ethanol blending with petrol is likely to double to 8 percent in the current season as a better price is being offered by oil marketing companies, Petroleum Minister Dharmendra Pradhan said on Friday.
Govt forms six-member panel to look at selling 149 oil and gas fields of ONGC and OIL to private companies
The committee is a follow up of the 12 October meeting called by Prime Minister Narendra Modi to review domestic production profile of oil and gas
Fuel rates continue to decline further due to fall in crude prices; OMCs, oil producers to get a breather
Friday is the is the 30th consecutive day when fuel prices have not been increased in the country
The Oil Ministry had last month set up a five-member expert committee to recommend easing of fuel retailing licensing rules.
Govt looks to relax norms for setting up petrol pumps; keen on getting more private players into fuel retailing
State-owned oil marketing companies - IOC, BPCL and HPCL, currently own most of 63,498 petrol pumps in the country
As per the new gas pricing formula approved by the NDA government in October 2014, gas prices are to be revised every six months.
Delhi High Court turns down PIL seeking check on fuel prices, says can't interfere in such economic matters
In the PIL, the complainant held that oil manufacturing companies fixing fuel prices was totally unlawful and unwarranted.
During July, petrol sales were up 7.8 percent at 2.3 million tonnes while diesel consumption was up 4.8 percent to 6.6 million tonnes.