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Need for more transparent oil exploration regime: Jaipal Reddy

India needs a simpler, more transparent and less intrusive regime for expediting oil and gas exploration, Oil Minister S Jaipal Reddy has said.

No diesel price hike soon: Jaipal Reddy

The government Monday said it is not in favour of hiking diesel price in the immediate future even as the current retail rate is nearly Rs 12 per litre lower than its actual cost.

No fuel price hike for now, CCPA to meet on Sep 18

A hike in the prices of diesel, LPG and kerosene was on Tuesday put off apparently following strong reservations within the Congress even though Oil Minister S Jaipal Reddy said the increase was unavoidable.

Fuel price hike unavoidable: Oil Minister

He said a decision on raising prices would have to be taken not just on economic facts but also taking into account the how much the consumers can absorb. "We have to take a balanced view."

No oil price hike, for now: Jaipal Reddy

Union Petroleum Minister S Jaipal Reddy on Friday put rest to all speculation on an impending hike in prices of petroleum products like petrol, diesel and LPG.

Jaipal Reddy hints at another hike in fuel prices

With a high-powered ministerial panel on fuel pricing being scrapped, a cabinet committee may consider raising the prices of diesel, LPG and kerosene, Oil Minister S Jaipal Reddy indicated Wednesday but refused to say when the issue would be taken up.

Government launches web-portal to curb LPG black-marketing

In a bid to curb black-marketing of domestic cooking gas, the government on Friday launched a web-portal that will empower nearly 14 crore users of liquified petroleum gas (LPG) to monitor their booking status, consumption pattern and other details.

No extra tax on diesel cars without nodal ministry's nod: SIAM

Last week, Reddy had written to Finance Minister Pranab Mukherjee demanding a hike in excise duty on diesel cars ranging between Rs 1.70 lakh and Rs 2.55 lakh to make up for subsidised fuel being used in vehicles.

India's oil import bill jumps 40% to $140 bn in FY’12

India's oil import bill leaped 40 percent to a record USD 140 billion in 2011-12 as high oil prices shaved off much of the nation's GDP growth rate, Oil Minister S Jaipal Reddy said Wednesday.

Oil Minister asks FM to raise excise duty on diesel cars

Oil Minister S Jaipal Reddy has written to Finance Minister Pranab Mukherjee demanding a hike in excise duty on diesel cars to make up for subsidised fuel being used in vehicles.

EGoM to decide on KG-D6 gas price: Reddy

AG felt that revision of prices is advisable or not is a matter which the EGoM would have to determine not as a matter of law, but as a matter of policy, they said.

No diesel price hike for now: Govt

The EGoM had in June 2010 taken an in-principle decision to deregulate or decontrol diesel prices but its implementation was deferred.

We are not considering hike in diesel, LPG prices: Reddy

Still battling the fallout of last week's steep Rs 7.54 a litre hike in petrol price, the government on Monday said it is not considering raising rates of diesel, domestic gas (LPG) and kerosene for the moment.

Petrol price hike: Govt says no rollback for now, to wait and watch

Reddy has emphasised upon the need to re-structure taxes in the state level.

India says it's free to decide on Iran oil imports

India is "free to take its decisions" on importing oil from Iran despite economic sanctions by the US to thwart Tehran's alleged military nuclear programme, Petroleum Minister Jaipal Reddy said Thursday.

Govt will raise LNG imports to meet gas demand: Oil Minister

Government will step up imports of liquefied natural gas, as domestic gas output is projected to decline in the next two to three years, Oil Minister Jaipal Reddy said on Tuesday.

India, Qatar sign initial pact for cooperation in energy sector

India's Oil Minister Jaipal Reddy and Qatar's Energy Minister Mohammed Bin Saleh al-Sada signed an initial pact for cooperation in refining as well as oil and gas exploration, the foreign affairs ministry said Monday.

Oil Min seeks Rs 40,000 cr cash subsidy for FY'12

The Petroleum Ministry has sought an additional Rs 40,000 crore in cash subsidies for the current fiscal to compensate fuel retailers for losses incurred on diesel and cooking fuels, even as Oil Minister S Jaipal Reddy gave no indication of a fuel price revision soon.

India to continue importing oil from Iran: Jaipal Reddy

India will continue to import crude oil from Iran as long as doing so does not violate any international laws, Indian Oil Minister Jaipal Reddy said Friday.