News WrapGet Handpicked Stories from our editors directly to your mailbox

natural gas

India's green vision to see full duty exemption on LNG

Petroleum Ministry officials said they are hopeful that this cut would be included in the Union Budget 2019-20 proposals to be presented in Parliament this July. The matter has already been discussed with the Finance Ministry.

May 30, 2019, 17:12 PM IST

CNG, piped cooking gas prices to go up as natural gas prices to rise by 10%

Natural gas prices are set every six months - on April 1 and October 1 every year - based on average rates in gas-surplus nations such as the US, Russia and Canada.

Mar 29, 2019, 18:01 PM IST

US to lift ban on offshore drilling off the coasts of Florida, California

US President Donald Trump`s administration has announced plans to roll back a ban on new offshore drilling off the coasts of Florida and California and was considering over 40 sites for leasing of natural gas and oil production, the media reported.

Jan 05, 2018, 09:35 AM IST

Dharmendra Pradhan pitches for including gas in GST

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

Nov 28, 2017, 15:04 PM IST

Dharmendra Pradhan asks Oil PSUs to boost gas supplies to states

India consumed 14 million tonnes (MT) of pet coke during April-October 2017, marginally lower than 14.9 MT used in same period of last fiscal. Of the fuel consumed, only 8 MT was produced locally and the rest was imported.

Nov 21, 2017, 21:01 PM IST

Govt raises natural gas price by 16.5% to $2.89 mmBtu

The government also hiked the cap price based on alternate fuels for undeveloped gas finds in difficult areas like deepsea which are unviable to develop as per the existing pricing formula.

Sep 29, 2017, 20:40 PM IST

ONGC strikes 'good' offshore oil, gas find: Sources

The Mumbai High field annually produces oil and natural gas of about 9 million to 10 million tonnes of oil equivalent.

Sep 20, 2017, 12:53 PM IST

Two dead in natural gas explosion at US school

The explosion occurred Wednesday morning in the center part of one of the school buildings, where a construction crew was working.


Aug 04, 2017, 09:52 AM IST

Natural gas may be included in GST, to benefit ONGC

The oil ministry has taken up with the finance ministry for early inclusion of all the five exempted products in GST.

Jun 27, 2017, 16:14 PM IST

Mukesh Ambani blinks, drops gas price challenge against govt

The withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deepsea at an investment of Rs 40,000 crore by 2022.

Jun 23, 2017, 13:14 PM IST

Tissue paper, cucumber, gas among 199 new items in WPI basket

The government on Friday released the new series of the WPI with change in base year to 2011-12 from 2004-05 and after rejigging the items in the basket for making the index more reflective.

May 12, 2017, 20:20 PM IST

ONGC eyes 17% jump in crude output, 66% in gas by 2022

The nation's biggest oil and gas producer has prepared 'Roadmap' for Import Reduction.

Apr 04, 2017, 16:10 PM IST

Qatar restarts development of world's biggest gas field after 12-year freeze

Qatar has lifted a self-imposed ban on development of the world`s biggest natural gas field.

Apr 04, 2017, 15:04 PM IST

Core sector growth slows down to 1% in February

The growth of eight core sectors slowed down to 1 percent in February mainly due to contraction in output of crude oil, natural gas, refinery products, fertiliser and cement.


Mar 31, 2017, 17:39 PM IST

ONGC seeks gas price review; wants floor rate fixed at $4.2

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.

Mar 22, 2017, 15:35 PM IST

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

Price of Natural gas to get hike of 8% from 1 April

00 PM for getting the detailed news updates!

Feb 20, 2017, 19:58 PM IST

Reliance Industries-ONGC gas row: Arbitration next port of call

As oil regulator DGH finalises the amount Reliance Industries may have to pay for producing ONGC's gas, the matter appears headed for arbitration owing to the premise used by AP Shah Committee that went into the issue.

Nov 01, 2016, 16:26 PM IST

IGL cuts CNG, PNG rates after cut in domestic natural gas price

With the government cutting the price of domestic natural gas, state-run Indraprastha Gas Limited (IGL) on Sunday announced a reduction in the selling prices of compressed natural gas (CNG) and piped natural gas (PNG) in Delhi and the NCR cities of Noida, Greater Noida and Ghaziabad with effect from midnight.

Oct 02, 2016, 22:53 PM IST

Gas price for industrial use cut by 18%

Price of natural gas, used for generating power, making fertiliser and supplying CNG, was on Friday cut by 18 percent to USD 2.5 per million British thermal unit, fourth reduction in 18 months.

Sep 30, 2016, 18:30 PM IST