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Oil retailers plunge on export parity pricing talks
May 22, 2013 at 14:16 | Source: Moneycontrol.com
Oil ministry has in-principal agreed to adopt export parity pricing for petroleum products after a meeting with finance minister and PMO, OMC stocks are down 4-6% following the news.
CCI begins probe into alleged cartelisation in oil prices
May 21, 2013 at 16:31 | Source: PTI
Fair trade regulator has begun investigating into cartelisation allegations by oil marketing companies. Earlier, Petroleum Ministry clarified that it was not responsible for petrol prices since it is deregulated.
GAIL changes in directorate
May 20, 2013 at 17:25 | Source: Moneycontrol.com
Gail India has informed BSE that Shri Sudhir Bhargava, ex-Special Secretary, Ministry of Petroleum & Natural Gas, Government of India is ceased to be Part-time Director of the Company w.e.f. May 08, 2013.
GoI appoints R. N. Choubey as Government Director on Engineers India board
Apr 30, 2013 at 18:02 | Source: Moneycontrol.com
Ministry of Petroleum & Natural Gas, Government of India, has conveyed the appointment of Shri R. N. Choubey, DG, DGH, Ministry of Petroleum & Natural Gas as Government Director on the Board of Engineers India. Accordingly he has been inducted on the Board of EIL as Director (Government Nominee) w.e.f. April 10, 2013.
OMCs should hike diesel prices more often: Kirit Parikh
Apr 23, 2013 at 23:01 | Source: CNBC-TV18
Kirit Parikh, former Planning Commission member and oil-and-gas expert, says in an interview to CNBC-TV18, that consumers have accepted revisions in petrol prices and less frequent price revisions would lead to OMCS charging more.
Oil Min pushing for daily petrol price revision: Sources
Apr 23, 2013 at 19:07 | Source: CNBC-TV18
The oil ministry is pushing state-run oil companies to revise petrol price daily in line with international rates and the rupees value against the dollar, exclusive sources tell CNBC-TV18.

Videos »
Oil retailers plunge on export parity pricing talks
OMCs should hike diesel prices more often: Kirit Parikh
Domestic gas price hike could be delayed: Sources
See FY13 subsidy share rising by Rs 10,000cr: ONGC
New gas norms won't impact any terminals: Petronet LNG
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Rupee's free fall leaves government worried
There is serious concern in the government as the rupee went into a free fall to touch a six-month low of 55.46 on Wednesday. The issue was reportedly discussed between finance ministry officials and...
May 23, 2013 at 08:45 | Source: Business Today
Parikh view to guide fuel subsidy formula
New Delhi, May 22: The government will seek the views of the Kirit Parikh panel before deciding the formula for subsidy to state-owned oil firms. A truce was called between the oil and finance minist...
May 23, 2013 at 06:12 | Source: Calcutta Telegraph News
Petroleum ministry seeks increase in price of domestic gas
etroleum Minister M Veerappa Moily There is every chance that the price of the domestic gas will be raised following the gas price review scheduled for April next year. But Petroleum Minister M Veera...
May 22, 2013 at 20:51 | Source: Business Today
'New pricing norm must to offset under-recovery'
NEW DELHI: The finance ministry has said that it will release the amount claimed as under recovery by the state-owned oil marketing firms for 2012-13 only after the petroleum ministry accepts its rev...
May 22, 2013 at 05:07 | Source: Economic Times
The 'Rupee dilemma': What can be done?
By Indranil Sen Gupta, India economist, Bank of America Merrill Lynch It is a relief that the Reserve Bank of India has finally resumed buying FX. In my view, the rupee will continue to trade weak unt...
May 22, 2013 at 05:07 | Source: Economic Times
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