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No coercive steps on gas pricing FIR: HC

The Delhi High Court on Friday restrained the city government's Anti Corruption Branch (ACB) from taking any coercive action against Oil Minister M Veerappa Moily, Reliance Industries chairman Mukesh Ambani and others named in an FIR over alleged irregularities in raising gas prices.

Moily cancels events after poll announcement

Moily was to inaugurate the nation's first strategic oil storage at Mangalore, which was built to insulate the country from supply disruptions.

Moily defends nod for GM field trials for food crops

This nod will pave the way for GM field trials for rice, wheat, maize and cotton.

Moily seeks extension for ONGC chief sans CVC clearance

Vasudeva, who turned 60 yesterday, is due to superannuate on Friday.

Sarraf new ONGC chief, Moily proposal for Vasudeva cast aside

The Appointments Committee of the Cabinet (ACC) approved appointment of Sarraf, who at present is Managing Director of ONGC's overseas arm, ONGC Videsh Ltd.

Price fixing of petro products done as per expert advice:Moily

Moily said India is importing 73 to 75 percent of the petroleum product, which requires more than USD 165 and 170 billion.

Green nod difficult if panchayats oppose: Moily

Moily made this clear against the backdrop of rejection of clearance to London-based Vedanta's USD 1.7 billion bauxite mining project in Niyamgiri in Odisha.

CNG price may rise by steep Rs 8 per kg from April

Close on the heels of the biggest-ever increase of Rs 4.50 per kg, the cost of CNG may go up by a steep Rs 8 per kg from April 1 when natural gas prices will almost double.

Moily, Tata conferred with life time achievement award

Oil Minister M Veerappa Moily and Ratan Tata, chairman emeritus of one of India's largest conglomerates, were on Wednesday awarded Life Time Achievement Awards.

Moily hints at moderation in diesel price hike

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.

No going back on gas price hikes; notification soon: Moily

Oil Minister M Veerappa Moily on Tuesday ruled out reversal of the decision to double natural gas prices from April 1 next year and said that the notification on this will be issued shortly.

RIL bank guarantee issue to be resolved in 15 days: Moily

Petroleum Minister M Veerappa Moily on Tuesday said he is confident of resolving the issue of securing USD 135 million in bank guarantees from Reliance Industries within a fortnight to enable the company to charge higher gas price from April 1.

Montek for increasing coal prices

Speaking at the KPMG Energy Conclave here, Singh said energy in India is under-priced, which has led to distortions in market.

Diesel prices to be deregulated in six months: Moily

State-owned fuel retailers, who control 95 percent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.

Moily asks FinMin to cut duties on branded petrol, diesel

Oil Minister M Veerappa Moily has asked the Finance Ministry to cut duties on branded petrol and diesel that offer better mileage and help cut fuel consumption.

Aadhaar not mandatory for LPG subsidy: Moily

Having made Aadhaar mandatory for receiving subsidised cooking gas (LPG) in 19 districts, Oil Minister M Veerappa Moily on Wednesday said the unique identification card will no longer be a must for giving subsidises unless cleared by the Supreme Court.

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

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.

India, Iran discuss issues over payment in other currencies

India wants to buy 11 million tonne crude oil from Iran in the current fiscal, over 15 percent lower than 13.1 million tonne oil imported from Iran in 2012-13.

India to build its first strategic oil storage by January 2014

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.

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

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.