Oil ministry mulling new LPG connections on EMIs: Dharmendra Pradhan
Oil ministry mulling new LPG connections on EMIs: Dharmendra Pradhan

Targeting to add 10 crore new LPG connections in next three years, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan Sunday said oil marketing companies are mulling to sell new cooking gas on an EMI basis, just like for other consumer durables.

OilMin launches e-initiative to improve LPG customer service

The Ministry of Petroleum and Natural Gas has launched an online initiative to seek suggestions from LPG consumers across the country

Oil Ministry pitches for ad-valorem levy of oil cess

The Petroleum Ministry wants the Finance Ministry to cut cess on crude oil and make it ad valorem in view of the slump in global oil rates, Oil Minister Dharmendra Pradhan said Tuesday.

Free gas pricing policy won't help 15-17 Tcf gas discoveries
Free gas pricing policy won't help 15-17 Tcf gas discoveries

Government move to free natural gas pricing will not resolve the issue of economically developing already discovered 15-17 trillion cubic feet of gas reserves as the policy will only apply to future finds.

 

Make excise rates on LPG uniform: Oil Min to FinMin
Make excise rates on LPG uniform: Oil Min to FinMin

LPG or domestic cooking gas, is sold in different pack sizes - 5 kg, 14.2 kg and 19 kg. A household customer is allowed 12 cylinders of 14.2-kg each or 34 cylinders of 5 kg each during a year at subsidised rates. Any requirement beyond this has to be bought at market rate.

RIL arbitration case: Will follow court order, says Oil Ministry
RIL arbitration case: Will follow court order, says Oil Ministry

Days after the Supreme Court dismissed its plea seeking removal of a foreign arbitrator appointed by Reliance Industries, the Petroleum Ministry Thursday said it will follow the court order in the dispute over Panna-Mukta and Tapti oil and gas fields.

Bids for 69 marginal oil and gas fields to begin by Dec: Pradhan

Petroleum and Natural Gas Minister Dharmendra Pradhan Monday said the government will open the bids for 69 marginal oil and gas fields from late November or early December and expressed confidence of getting good response from across the globe.

Govt to fix formula for premium on gas pricing soon: Pradhan

Petroleum Minister Dharmendra Pradhan on Friday said the government would soon finalise a formula to calculate premium on gas pricing for difficult blocks.

India signs pact to lay oil pipeline to Nepal

India Monday signed an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

Pradhan to sign MoU for oil pipeline with Nepal

Oil Minister Dharmendra Pradhan is visiting Kathmandu this week for signing of an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

Govt to announce new gas price formula for 'difficult fields'

Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said Monday.

Govt moots single entity for oil sector safety, installations

With four agencies under different ministries being responsible for safety of oil installations, Petroleum Minister Dharmendra Pradhan Tuesday mooted bringing them under one umbrella organisation by enacting a new law.

Oil Min reinstates Shashi Shankar as ONGC Director

The Oil Ministry has reinstated Shashi Shankar as Director (Technology and Field Services) of Oil and Natural Gas Corp (ONGC) pending an inquiry into alleged irregularities in an unawarded Rs 23 crore tender of 2011.

Oil Ministry reverts back to promoters selecting CEO of Petronet

The Oil Ministry has reverted back to the mechanism of promoters selecting CEO of Petronet LNG after it scrapped an ad-hoc search committee formed under the previous Petroleum Secretary.

OilMin to remind Finance Ministry on gas price premium soon

The Oil Ministry is putting out a reminder to the Finance Ministry for an early decision on allowing market price for part of the natural gas produced by firms like ONGC and RIL from difficult fields.

Finance Ministry returns Oil Ministry's gas price premium proposal

Finance Ministry has returned an Oil Ministry proposal to allow market price for part of the natural gas produced by firms like ONGC and Reliance Industries from difficult fields.

Natural gas output to rise 50% by 2018-19

In its annual report, the ministry has said domestic gas production will rise from 98.15 mmscmd in 2014-15 to 99.87 mmscmd in the current fiscal.

RIL to produce 23 mmscmd from gas finds in KG-D6: Oil Ministry

The Ministry said 10 mmscmd gas will come from four satellite fields of D-2, D-6, D-19 and D-22 in the eastern offshore Krishna Godavari basin block KG-D6 and another 13 mmscmd from D-34 discovery.

Gas price pooling to urea units to be effective from July 1

Gas price pooling to make available feedstock fuel to urea making fertiliser plants at a uniform rate will come into effect from July 1, the Oil Ministry said.

India sets April-June oil subsidy rules, no discounts if oil below $60

ONGC, OIL and GAIL sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.