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Oil Ministry

Marginal cut in fuel prices; petrol at Rs 81.74 per litre in Delhi, Rs 87.21 in Mumbai

On Sunday, petrol is being sold at Rs 81.74 per litre in Delhi and Rs 87.21 in Mumbai.

Oct 21, 2018, 08:01 AM IST

Marginal reduction in fuel prices; petrol at Rs 81.74 per litre in Delhi, Rs 87.21 in Mumbai

On Sunday, petrol is being sold at Rs 81.74 per litre in Delhi and Rs 87.21 in Mumbai.

Oct 21, 2018, 08:00 AM IST

Oil ministry gives in-principle nod to launch petrol, diesel futures: ICEX

The development also comes at a time when state-run oil marketers have hiked petrol and diesel prices continuously for the past two weeks.

May 28, 2018, 18:02 PM IST

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

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

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

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

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

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

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`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

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

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

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

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 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

 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 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

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