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.
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.
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.
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.
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.
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.
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.
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.