Oil Ministry

Petrol, diesel should be under GST ambit, ball in Finance Ministry court: Dharmendra Pradhan

Petrol, diesel should be under GST ambit, ball in Finance Ministry court: Dharmendra Pradhan

Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday reiterated that his ministry wants petrol and diesel to be brought under the domain of Goods and Services Tax (GST). Speaking to Zee media about petrol price reaching 4-year high and diesel touching all-time high, Pradhan blamed the increase in crude oil price.

Apr 05, 2018, 18:02 PM IST
Diesel price at all-time peak, petrol hits 4-year high after 18 paise per litre increase

Diesel price at all-time peak, petrol hits 4-year high after 18 paise per litre increase

Petrol price hit a four-year high while diesel rates touched an all-time high in the national capital, renewing calls for the government to cut excise tax rates.

Apr 01, 2018, 14:00 PM IST
Govt plans to sell stake in ONGC oilfields to private firms

Govt plans to sell stake in ONGC oilfields to private firms

ONGC produces 87 percent of its 25.53 million tonnes of oil from fields given to it on nomination basis.

Sep 27, 2017, 19:18 PM IST
Oil Ministry intensifies monitoring of ONGC fields

Oil Ministry intensifies monitoring of ONGC fields

The panels will review from annual work programme and budget to declaration of a discovery as commercial as also reservoir and production performance, monitoring of development activities and collaborations with other explorers.

Jul 16, 2017, 15:40 PM IST
Mypetrolpump – This Bengaluru firm is 1st in India to deliver diesel at home

Mypetrolpump – This Bengaluru firm is 1st in India to deliver diesel at home

The one-time delivery charge is Rs 99 for up to 100 litres of diesel.

Jun 22, 2017, 11:20 AM IST
Forget long queues at fuel stations! You may soon get home delivery of petrol and diesel

Forget long queues at fuel stations! You may soon get home delivery of petrol and diesel

Government is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking to cut long queues at fuel stations.

Apr 21, 2017, 16:44 PM IST
OilMin moves Cabinet to get RIL, ONGC pricing freedom

OilMin moves Cabinet to get RIL, ONGC pricing freedom

In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.

Mar 14, 2017, 14:32 PM IST
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.

Jan 16, 2017, 14:13 PM IST
Islamic State posts snaps of major Syria gas factory being blown up

Islamic State posts snaps of major Syria gas factory being blown up

The Islamic State posted photos of what it said was bombing of Syria's largest gas factory, as sources in the Oil Ministry in Damascus said the photos seemed real but the bombing has not yet been confirmed.

Jan 09, 2017, 22:46 PM IST
LPG subsidy: I-T dept to share data of taxpayers who earn over Rs 10 lakh annually

LPG subsidy: I-T dept to share data of taxpayers who earn over Rs 10 lakh annually

The Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all "individual" taxpayers whose annual income exceeds Rs 10 lakh, in an attempt to check pilferage of subsidy on cooking gas by the higher income groups.

Dec 20, 2016, 10:28 AM IST
RIL slaps arbitration notice on govt over $1.55 bn demand: Minister

RIL slaps arbitration notice on govt over $1.55 bn demand: Minister

Reliance Industries has slapped an arbitration notice on the government over a demand USD 1.55 billion demand made on it for "unfairly enriching" by producing natural gas belonging to ONGC, Oil Minister Dharmendra Pradhan said today.

Nov 16, 2016, 20:53 PM IST
Govt grants license to BP Plc for setting up 3,500 petrol pumps in India

Govt grants license to BP Plc for setting up 3,500 petrol pumps in India

Government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

Oct 16, 2016, 18:02 PM IST
BP gets govt nod to set up retail pumps of petrol, diesel in India

BP gets govt nod to set up retail pumps of petrol, diesel in India

BP Plc, Europe's third-biggest oil company, has received government approval to set up petrol pumps to retail petrol and diesel in India.

Oct 06, 2016, 20:39 PM IST
ONGC board vertically split on claiming gas compensation

ONGC board vertically split on claiming gas compensation

 The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.

Sep 27, 2016, 15:31 PM IST
Petrol, diesel price cut: Know the new rates in major Indian cities!

Petrol, diesel price cut: Know the new rates in major Indian cities!

Petrol price was on Thursday cut by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months.

Jun 30, 2016, 22:38 PM IST
Petrol gets cheaper: Know the latest price list city wise

Petrol gets cheaper: Know the latest price list city wise

Petrol gets cheaper: Know the latest price list city wise

Apr 15, 2016, 19:24 PM IST

India's fuel demand rose 16.4% in March

India`s fuel demand rose 16.4 percent in March compared with the same month last year.

Apr 12, 2016, 20:32 PM IST
Govt to cut natural gas prices by 17% to $3.15 per mmBtu

Govt to cut natural gas prices by 17% to $3.15 per mmBtu

As per the new gas pricing formula approved by the NDA-government in October 2014, gas prices are to be revised every six months and the next change is due on April 1.

Mar 30, 2016, 19:42 PM IST
Indian oil imports to drop 10% over next six years: Pradhan

Indian oil imports to drop 10% over next six years: Pradhan

India will cut oil imports by 10 percent in next six years by raising domestic output, conserving fuel and shifting to alternate sources like natural gas, Oil Minister Dharmendra Pradhan said Tuesday.

Mar 22, 2016, 21:24 PM IST
Start-up funding being explored for oil, gas sector: Pradhan

Start-up funding being explored for oil, gas sector: Pradhan

State-run oil and gas companies are planning to create a venture capital fund to encourage start-ups to develop new business models and infuse innovation into India`s hydrocarbons sector, Petroleum Minister Dharmendra Pradhan said on Tuesday.

Mar 22, 2016, 17:10 PM IST