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No favour from Govt in KG basin: RIL to SC

No favour from Govt in KG basin: RIL to SC

Last Updated: Wednesday, April 16, 2014, 19:50

Senior advocate Harish Salve, appearing for RIL, denied allegations of favour and collusion and said the company was in dispute with the government on several issues.

RIL to sell gas at current rate as govt defers price revision

Last Updated: Friday, March 28, 2014, 20:36

Reliance Industries will continue to sell natural gas from its eastern offshore KG-D6 fields at the current rate until the next government decides on a revision in prices.

RIL's KG-D6 gas contract can't be terminated: Moily to PM

Last Updated: Monday, February 24, 2014, 14:31

Oil Minister M Veerappa Moily has written to Prime Minister Manmohan Singh saying Reliance Industries' contract for KG-D6 gas fields cannot be terminated pending arbitration on issue of output lagging targets.

Govt orders CNG retailers to provide cost-break up

Last Updated: Wednesday, February 19, 2014, 16:11

In a significant development, Oil Minister M Veerappa Moily has ordered CNG retailers to provide break-up of fuel price to consumers to ensure that they passed on the benefit of cheaper domestic gas to users.

Higher rates will help increase domestic gas output: Moily

Last Updated: Friday, December 20, 2013, 13:42

Defending the government decision to double natural gas prices from April next year, Oil Minister M Veerappa Moily on Friday said higher rates will help raise domestic production and cut dependence on imports.

Moily hints at moderation in diesel price hike

Last Updated: Friday, December 13, 2013, 18:10

Oil Minister M Veerappa Moily Friday hinted that an expert panel call for a Rs 5 a litre hike in diesel and Rs 250 increase in LPG rates will be diluted, saying that a balanced view keeping consumer interest in mind would be taken.

Moily walks the talk: takes Metro to office to save fuel

Last Updated: Wednesday, October 09, 2013, 13:36

Leading by example, Oil Minister M Veerappa Moily today took the metro to office as part of his drive to promote fuel conservation and help cut India's massive oil import bill.

Govt may appt global experts on sharp fall in KG-D6 gas output

Last Updated: Friday, October 04, 2013, 16:56

The expert will ascertain the reasons for sharp fall in natural gas production.

India aims to cut Iran oil imports by 15%: Oil secretary

Last Updated: Tuesday, October 01, 2013, 17:47

India aims to cut Iranian crude imports by 15 percent this fiscal year, the oil secretary said on Tuesday, differing from the oil minister who recently said he wanted to hold the shipments at last year's levels.

India to build its first strategic oil storage by January 2014

Last Updated: Friday, September 27, 2013, 20:57

India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.

Moily to travel by public transport every Wednesday

Last Updated: Friday, September 27, 2013, 13:43

Moily said he and all his ministry officials as well as those in PSUs under his ministry will travel by public transport every Wednesday.

10th round of oil and gas block auction likely in January

Last Updated: Thursday, September 26, 2013, 12:43

India is likely to launch the 10th round of auction of oil and gas blocks in January as the country looks to attract foreign investors to boost domestic production.