Ministry Of Petroleum And Natural Gas

If crude supply is not disrupted any more, oil marketing companies may consider fuel retail price cuts, the minister said.

No plans of divesting BPCL, focus on energy transition: Minister Hardeep Singh Puri

On May 26, the government said that it has called off the ongoing process of strategic disinvestment of BPCL. The government said that the plan would be reinitiated after review.

OMCs took big hits, discussions on for further compensation to parry FY23 losses: Minister Hardeep Puri

The petroleum minister's statement comes a day after CNBC TV-18 reported, citing sources, that oil companies are expecting a Rs 50,000 crore compensation from the government for the losses incurred due to the freeze in retail petrol and diesel prices.

India defends Russian oil imports as EU proposes gradual ban

International prices would shoot up further if a consumer as large as India discontinues its strategy of importing oil from 'diversified sources', the government said

Govt asks ONGC to give 60% stake in Mumbai High, Bassein fields to foreign companies: Report

According to news agency PTI, which has reviewed a letter sent on October 28 by the Ministry of Petroleum and Natural Gas to ONGC, the latter has been asked to offer operating control to international partners in addition to the majority stake in the two oil and gas producing fields.

Rs 57,768 crore estimated savings from domestic LPG subsidy under recovery in FY16-FY21

In a written reply to a question, Teli said that as of March 31 around 28.95 crore people had given up their LPG subsidy under the “GiveItUp” campaign across the country.

Minimum Rs 500 crore net worth must for licence to sell petrol, diesel to retail, bulk users

Clarifying on the November 2019 liberalised fuel licensing regime, the Ministry of Petroleum and Natural Gas said any entity with a net worth of Rs 250 crore can get a licence to retail petrol and diesel to either bulk or retail consumers.

IOC, ONGC, other PSUs implementing projects worth Rs 3.57 lakh crore: Petroleum Ministry

Oil Minister Dharmendra Pradhan and other senior officials of the ministry "reviewed the ongoing oil and gas projects started by PSUs since the resumption of economic activities from April 20, 2020".

Reliance Industries cuts crude processing at Jamnagar SEZ refinery by 24%

RIL's 35.2 million tonnes (MT) a year SEZ refinery processed 2.51MT of crude oil into fuel in March, a drop of 24 percent YoY, according to data released by the Ministry of Petroleum and Natural Gas on Thursday.

Vedanta makes oil discovery in KG block

The zone from 3,403 metres to 3,431 metres was tested through conventional well testing (Drill Stem Test) and flowed oil to the surface.

Talks on for gas pipeline from Chittagong to Tripura: Dharmendra Pradhan

"In exchange, we have given the proposal for a gas pipeline from Chittagong to Tripura. We are pursuing the matter diplomatically and I would also visit Bangladesh soon," Pradhan told reporters here.

5-kg LPG cylinders could be sold at Kirana stores soon

Kirana stores could soon be selling free-trade 5-kg LPG cylinders (FTL) if the Ministry of Petroleum and Natural Gas gives its consent to a request by state-owned oil companies in a bid to cut down on the illegal sale of cylinders, reports the Financial Express.

HC asks for rules allowing commercial outlets at petrol pumps

The Delhi High Court today asked the Ministry of Petroleum and Natural Gas to inform it about its statutory rules under which commercial outlets are being allowed to operate at petrol pumps here.

Submit report on fuel adulteration in 4 weeks: NGT to Petro Min

A bench headed by NGT Chairperson Justice Swatanter Kumar slammed the ministry for delay in submitting analysis report and refused to grant two months time sought by the department.

Centre can't stop us from exporting crude: Cairn India to HC

The firm told a bench of Justice Manmohan that as per the policy, Cairn can export crude oil and it does not require any no objection certificate (NOC) from the Ministry of Petroleum and Natural Gas.

EIL share sale fully subscribed, govt may get Rs 637 cr

At the floor price of Rs 189 apiece, the sale of over 3.36 crore shares would fetch about Rs 637 crore to the exchequer, considering 5 percent discount being offered to retail shareholders.

SC fixes Mar31 as deadline for all cabs in NCR to convert to CNG

A bench headed by Chief Justice T S Thakur also asked the Ministry of Petroleum and Natural Gas to set up CNG filling stations in ten districts of of Uttar Pradesh and Haryana which fall under the National Capital Region.

No LPG subsidy for families earning Rs 10 lakh plus: Govt

The Centre, on Monday, said that individuals earning Rs 10 lakh or more annually will not be eligible for subsidised LPG cylinders.

Crude oil production in India dips 3.3%

Crude oil production at 3.04 million tonnes (MT) in November was 3.3 percent lower than 3.15 MT output in the same month a year ago, according to a data released by Ministry of Petroleum and Natural Gas today.

Govt permits CIL to explore natural gas in coal seams

The Ministry of Petroleum and Natural Gas in a November 3 order said Coal India and its subsidiaries will be allowed to explore coal-bed methane (CBM) gas in mining leases they possess.

Oil imports from Saudi Arabia down 8%

Crude oil import from Saudia Arabia was cut to 34.99 million tonnes in the year to March 31, 2015 from 38.18 MT in 2013-14, Oil Minister Dharmendra Pradhan said on Monday.

Govt-run suppliers allowed to sell bio-diesel to consumers

Government has decided to allow sale of bio-diesel by its manufacturers, suppliers or authorised dealers to all consumers, Parliament was informed on Thursday.

Reliance, ONGC jump 2-3% on gas pricing formula

As per the new norms, RIL will get the benefit of the new price for gas from its existing fields like MA in the KGDWN-98/3 or KGD6 block and new/upcoming ones like R-Series and satellite in the KG Basin block and the ones in North East Coast block NEC-25.

ONGC to set up Rs 10,000cr gas processing plant in Maha

State-run oil company Oil and Natural Gas Commission (ONGC) is setting up an integrated gas processing plant with a capacity of 10 mmscmd and a 30 MW captive power plant for nearly Rs 10,000 crore.

See FY13 subsidy share rising by Rs 10,000cr: ONGC

The Ministry of Petroleum and Natural Gas has proposed to double the price of gas to USD 8-8.5 per million metric British thermal unit (mmBtu) sometime this calendar year, as recommended by the Rangarajan committee.