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Tax holiday, royalty exemption proposed for oil block auction

Last Updated: Tuesday, January 14, 2014, 14:11

In a bid to attract more global oil majors, the Ministry of Petroleum and Natural Gas has proposed exemption from royalty payment and an income-tax holiday of up to 10 years for the next round of auction of oil and gas exploration blocks.

Sexual harassment allegation against ex-SC judge serious: Moily

Last Updated: Saturday, January 11, 2014, 17:51

Allegation against former Supreme Court judge, who is currently heading a tribunal, was on Saturday described as "serious" by a senior Union Minister.

Delhi HC stays CCI proceedings against IOCL, HPCL& BPCL

Last Updated: Friday, November 22, 2013, 20:08

The PSUs in their plea have challenged the October 21, 2013 order of the CCI by which it had held that it had the jurisdiction to look into petrol pricing of the oil companies.

Give states half of gas produced there: Par Panel

Last Updated: Sunday, November 10, 2013, 15:33

The Parliamentary Standing Committee on Petroleum and Natural Gas has said the states where gas production is taking place should be given at least 50 percent of the total quantity produced besides the royalty on natural gas produced from offshore fields.

LPG price may go up by Rs 3.50 per cylinder

Last Updated: Tuesday, October 08, 2013, 18:24

Domestic cooking gas (LPG) rates may soon go up by almost Rs 3.50 per cylinder in case the government accepts a recommendation for increasing the commission paid to dealers by over 9 percent.

India should become energy independent by 2030: Moily

Last Updated: Saturday, October 05, 2013, 21:47

Stressing the need to step up production of fuel in the country, Petroleum and Natural Gas Minister Veerappa Moily today said India should become energy independent by 2030.

Madras HC pulls up lawyer for foul language against PM, minister

Last Updated: Tuesday, August 13, 2013, 16:17

The Madras High Court pulled up a city-based advocate for using unparliamentary words in his petition against the Prime Minister.

Moily asks oil sector companies to support sportspersons

Last Updated: Tuesday, July 02, 2013, 20:06

Union Petroleum and Natural Gas Minister M. Veerappa Moily has asked the oil sector companies to support sportspersons and play a larger role in creating infrastructure.

RIL-BP seek clarity on natural gas pricing

Last Updated: Monday, April 15, 2013, 20:36

On his second visit to India in as many months, Dudley along with Ambani met Prime Minister Manmohan Singh and senior government functionaries to brief them about their investment plans as also to seek clarity on regulatory issues.

Uniform Gas Price Policy to be brought soon: Moily

Last Updated: Sunday, January 27, 2013, 19:59

The Union Ministry of Petroleum and Natural Gas will soon bring in a Uniform Gas Price Policy to ensure parity in the price of imported and locally-produced gas.

Will allow gas swap between power and fertiliser cos: Moily

Last Updated: Sunday, January 27, 2013, 19:58

Gas-starved power generating stations in Andhra Pradesh can now hope to purchase some fuel from external sources under the new "swapping policy" brought in by the Union Ministry of Petroleum and Natural Gas.

Guidelines on city gas distribution network soon: PNGRB

Last Updated: Saturday, December 08, 2012, 22:27

S Krishnan, PNGRB Chairman, on Saturday said the guidelines are expected to be ready in 12 weeks after which opinion from public and other stakeholders will be invited. After this, the final norms will be issued by PNGRB.