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Diesel prices to be fully deregulated in two months: Moily

"We still hope that in the days to come and within a couple of months, we are going to deregulate diesel prices completely," Moily said.

RIL pushes for foreign arbitrator on KG-D6 gas fields

The other two arbitrators are former Chief Justices S.P. Bharucha and V.N. Khare. While Justice Bharucha was nominated by the RIL, Justice Khare was nominated by the government.

Moily approves taking away 5 gas discoveries from RIL

The five discoveries - D4, D7, D8, D16 and D23 - hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth USD 10 billion.

Shale gas exploration policy in one month: Moily

"We have received comments on the draft shale gas exploration policy we had floated. We are now in the process of putting out a note for the consideration of the Cabinet and hopefully in a months time we will be able to announce the shale gas policy," Oil Minister M Veerappa Moily told reporters here.