Jun 23, 2021 01:06 PM IST
The ministry has instead put forward non-core assets worth Rs 17,500 crore from PSUs
- Mar 15, 2021 06:42 PM IST
GAIL is India's biggest natural gas marketing and trading firm and owns 60 percent of the country's 26,284-km gas pipeline network, giving it a stranglehold on the market.
- Mar 31, 2020 06:25 PM IST
Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) said the bulk of India's existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now.
- Feb 14, 2020 08:55 AM IST
"The LPG price is derived based on the international market price for the previous month," the ministry said in a statement.
- Feb 04, 2020 03:32 PM IST
GAIL is India's biggest natural gas marketing and trading firm and owns more than 70 per cent of the country's 16,981-km pipeline network, giving it a stranglehold on the market.
- Jan 03, 2020 02:15 PM IST
The funds raised would be used to expand operations and reduce borrowings
- Jan 11, 2019 03:37 PM IST
Consumption of fuel, a proxy for oil demand, totalled 18.51 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
- Apr 12, 2018 07:45 PM IST
Brewing geopolitical tensions coupled with fears of trade wars and inventory cuts are expected to keep crude up in the near term
- Apr 01, 2018 12:42 PM IST
State-owned oil firms, which have been since June last year revising auto fuel prices daily, raised petrol and diesel rates by 18 paise per litre each in Delhi
- Jan 18, 2018 08:30 PM IST
Petrol price rose to Rs 71.56 per litre in Delhi today, the highest since August 2014. Rates in Mumbai are almost touching Rs 80.
- Jan 10, 2018 10:31 AM IST
Consumption of fuel, a proxy for oil demand, totalled 17.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
- Nov 29, 2017 03:36 PM IST
With 60,799 outlets dispensing petrol and diesel at the end of October, India is behind only US and China in number of petrol pumps, data available from Petroleum Planning & Analysis Cell of the Oil Ministry.
- Oct 04, 2017 04:17 PM IST
"By taking cognizance of the whole scenario, the prime minister has given direction to the finance ministry and the oil ministry to look into this aspect and rightly, I don't see this as an issue of loss or gain," Pradhan told reporters.
- Jul 02, 2017 03:21 PM IST
This will be one of the biggest foreign deals since transactions were eased.
- Jun 05, 2017 03:23 PM IST
Being dubbed as 'super-boards', the committees will be headed by the ministry's upstream nodal authority DGH, and will review and monitor performance of areas given to Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) on nomination basis.
- Apr 22, 2017 02:06 PM IST
About 350 million people come to fuel stations every day, it said. Annually 25 billion rupees (USD 387.00 million) worth of transactions takes place at fuel stations.
- Mar 31, 2017 08:51 PM IST
Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
- Mar 29, 2017 07:45 PM IST
The Oil Ministry has tweaked norms for allotment of LPG sale agencies to private individuals, raising the upper age limit of applicants to 60 years and lowering educational criteria to just 10th pass.
- Mar 28, 2017 02:01 PM IST
Premium gas price will also see a revision, rising to USD 5.80 per unit from the current USD 5.30 per unit.
- Feb 27, 2017 04:28 PM IST
The new more environment friendly fuel will be brought out earlier, as it takes several months to completely phase out the existing fuel which has high sulphur content.
- Feb 12, 2017 12:04 PM IST
ONGC's USD 2.475 billion purchase of Videocon Group's 10 per cent stake in a giant Mozambique gas field has come under the Oil Ministry's scanner following allegations that the PSU may have overpaid about USD 200 million, charges that the company vehemently denied.
- Jan 16, 2017 12:44 PM IST
"Demand for petroleum products is increasing as the economy grows. India has the best growth amongst the large economies in the world ... we have massive hunger for petroleum products," said oil ministry Additional Secretay A K Sawhney.
- Jan 03, 2017 08:16 AM IST
The list published on the ministry's website on yesterday includes several multinational firms, among them Total, Shell, Eni, Gazprom and Schlumberger.
- Dec 26, 2016 03:20 PM IST
The government has named former Supreme Court Judge G S Singhvi on the three-member arbitration panel that will decide on the validity of its USD 1.55 billion compensation claim from Reliance Industries for "unfairly enriching" and producing natural gas belonging to ONGC.
- Dec 20, 2016 04:14 PM IST
The Income Tax department will soon begin sharing personal data--like PAN, residential address and mobile number--of a taxpayer earning over Rs 10 lakh per annum with the Oil Ministry as part of government's initiative to effectively block subsidised cooking gas to higher income groups.