Oil Ministry

Showing of 1 - 20 from 162 results
Oil Ministry - Total results - 162
Centre to slap recovery notice on Vedanta's Cairn Oil and Gas after Delhi HC judgment
Business

Centre to slap recovery notice on Vedanta's Cairn Oil and Gas after Delhi HC judgment

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

India's fuel demand expected to rebound to 3.8% in FY21; diesel to witness 2.8% growth next fiscal
Business

India's fuel demand expected to rebound to 3.8% in FY21; diesel to witness 2.8% growth next fiscal

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
Business

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
Business

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
World

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
World

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
World

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

Aramco drone strikes: Saudi Arabia assures India of no oil supply shortage, says oil ministry
Business

Aramco drone strikes: Saudi Arabia assures India of no oil supply shortage, says oil ministry

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 growth slows to nine-month low of 2.8% in August, reveals oil ministry data
Business

India's fuel demand growth slows to nine-month low of 2.8% in August, reveals oil ministry data

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
Business

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.

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells
Business

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells

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 to double at 8% in 2018-19 sugar year: Oil minister Dharmendra Pradhan
Business

Ethanol blending with petrol to double at 8% in 2018-19 sugar year: Oil minister Dharmendra Pradhan

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
Business

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
Business

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

Expert panel seeks public comments on easing norms for setting up petrol pumps
Business

Expert panel seeks public comments on easing norms for setting up petrol pumps

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
Business

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

Govt hikes natural gas prices by 10% to $3.36 per mmBtu from 1 October
Business

Govt hikes natural gas prices by 10% to $3.36 per mmBtu from 1 October

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
Business

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.

India's fuel demand jumps 7.3% in July, driven by sharp rise in petrol and diesel consumption
Business

India's fuel demand jumps 7.3% in July, driven by sharp rise in petrol and diesel consumption

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.