close
This ad will auto close in 10 seconds
Petrol pumps withdraw strike call over daily price revision

Petrol pumps withdraw strike call over daily price revision

Petrol pump owners on Wednesday called off their proposed strike over daily revision of petrol and diesel prices from Friday after the government agreed to change the timing to 6 am everyday instead of midnight.

India fuel consumption to hit 200 million tonnes in 2016/17 - oil ministry

India fuel consumption to hit 200 million tonnes in 2016/17 - oil ministry

India`s fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

India aims to double LNG import capacity to 50 million tonnes a year: Dharmendra Pradhan

India aims to double LNG import capacity to 50 million tonnes a year: Dharmendra Pradhan

India plans to more than double its annual LNG import capacity to 50 million tonnes in the next few years, Oil Minister Dharmendra Pradhan said on Thursday.

Oil minister downplays cut in excise duty on petrol, diesel

With petrol and diesel prices rising by Rs 9-10 per litre since March, Oil Minister Dharmendra Pradhan on Friday downplayed possibility of an excise duty reduction to give relief to consumers saying there should not be any knee-jerk reaction.

Modi government offers auction for 46 oil and gas fields through international bidding

Modi government offers auction for 46 oil and gas fields through international bidding

Oil Minister Dharmendra Pradhan said bidding for the Discovered Small Fields Bid Round will open on July 15 and last date of bidding is October 31.

 LPG users in major cities with income below Rs 10 lakh to furnish income proof for subsidy claim

LPG users in major cities with income below Rs 10 lakh to furnish income proof for subsidy claim

The domestic gas consumers in Tier-I and Tier-II cities which earn less than Rs 10 lakh income in a year will have to furnish income details to their LPG distributors in order to continue receiving subsidy

Govt seeks $2.2 billion to build second phase of strategic oil reserves

Govt seeks $2.2 billion to build second phase of strategic oil reserves

Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country.

Great news for CNG car users! Now buy CNG in NCR at concessional rates during odd hours

Great news for CNG car users! Now buy CNG in NCR at concessional rates during odd hours

Oil Minister Dharmendra Pradhan on Thursday said that CNG in NCR will be sold at concessional rates during odd hours of the day to reduce rush at CNG pumps.

Govt decides to limit LPG subsidy for tax payers earning over Rs 10 lakh

Government has decided that consumers with taxable income above Rs 10 lakh per year will not get LPG subsidy from January 2016.

India should buy overseas assets aggressively: Pradhan

Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.

10-time jump in FDI in petroleum and gas sector

Union Minister Dharmendra Pradhan, while replying to questions, said the government is encouraging foreign investment to supplement domestic investment and technological capabilities.

Oil Minister to lead delegation on energy dialogue with Canada

The three-day bilateral energy dialogue, which beganon Friday, covers areas like hydrocarbon, thermal energy and renewable energy, an official statement said here.

Dharmendra Pradhan presses Qatar for LNG price cut

He made the plea when he called on Qatar's Energy Minister Mohammed Saleh Abdullah Al Sada on the sidelines of the 6th OPEC International Summit in Vienna on June 4, official sources said.

Pradhan to lead industry delegation to Mexico, Colombia

To bolster energy ties with Americas, Oil Minister Dharmendra Pradhan is leading a high level delegation of industry CEOs to Mexico and Colombia from May 18 to 22.

'India looking to acquire oil assets abroad'

India is looking to buy oil assets abroad, the country`s oil minister said on Friday, adding he was seeing increased engagement in the Latin American region.

Petrol price in India more than Pakistan: Oil Minister Pradhan

Diesel at Rs 49.57 per litre in Delhi is however cheaper than all neighbouring nations except Sri Lanka, where it costs Rs 44.29 for a litre, he said in a written reply to a question in Rajya Sabha.

Govt rejects BP's application for selling ATF

BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.

IEA keen to make India its full-time member

The International Energy Agency (IEA) is keen that India becomes a full-time member of the Paris-based agency that advises governments of 29 developed nations.

Govt examining CAG report on irregularities in ONGC hiring rig

The government is examining CAG allegations of irregularities in ONGC hiring a deep sea drilling rig from Reliance Industries and will take appropriate action, Oil Minister Dharmendra Pradhan said on Monday.

OVL in talks to acquire stake in 2 Siberian oilfields

While the Minister did not name the fields, sources said OVL was in talks for a stake in Vankor and Yurubcheno-Tokhomskoye fields.