Oil Ministry

Social media posts also cite June 2021 Niti Aayog report to state that E20/E27 in E10 cars degrades rubber/plastic, corrodes metal, harms fuel systems, cuts mileage and may led to need for part upgrades

Diesel demand growth falls to lowest since pandemic

Diesel consumption rose 2 per cent to 91.4 million tonnes in 2024-25 (April 2024 to March 2025) fiscal, according to provisional data released by the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry

Crude oil volatile for OMCs to take decision on fuel price cut: Oil ministry source

At home, retail fuel prices are determined by the state-run OMCs based on international oil prices as India is dependent on imports for around 87 percent of its crude requirements.

State-run OMCs' term-deal for Russian crude oil supplies expected next year: Source

India’s oil refiners Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited have been negotiating a combined long-term deal with Moscow for supply of crude oil

India plans to push LNG for trucking in bid to curb emissions, reports Bloomberg

The Oil Ministry plans to encourage the conversion of a third of existing long-haul trucks to the super-chilled gas from diesel, according to a draft policy. It also plans to mandate that a third of new trucks run on LNG

Govt raises domestic natural gas prices to $8.17 per mmBtu for March

The domestic natural gas price, however, will continue to remain at $6.5 for the month, as per the formula used for the calculation of prices.

OMCs hike ethanol procurement prices by Rs 6.87/litre: Oil ministry

The latest price hike takes the price to Rs 56.28 per litre, higher than the previous season's Rs 49.41 per litre announced last year.

Domestic crude oil production stays steady at 2.4 MMT in Sept

India’s gross production of natural gas was 6 percent higher in the month compared to the year-ago period at 3,027 MMSCM (million metric standard cubic metre). For the current financial year till September, the cumulative gross production of natural gas increased 4 percent to 17,879 MMSCM, compared with the corresponding period of the previous year.

Ban on diesel four-wheelers | Oil Ministry says ETAC recommendations are yet to be accepted

A report by Energy Transition Advisory Committee said India should ban the use of diesel-powered four-wheelers by 2027 in cities with over 10 lakh population.

Oil Ministry to send proposals to Cabinet on Kirit Parikh Committee recommendations this month

The final decision on the recommendations may be slightly different from what it appears now, said a senior ministry official

Oil ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year

The allocation for city gas operators like Indraprastha Gas Ltd in Delhi and Mahanagar Gas Ltd in Mumbai has been increased from 17.5 million standard cubic meters per day to 20.78 mmscmd.

Oil Ministry freezes gas allocation, prices of CNG, PNG spike

Besides the shortfall in the allocation, the prices of APM gas for CNG and PNG have been revised from USD 2.90 per million British thermal unit to USD 6.10, an increase of 110 per cent.

Finance Ministry to reassess current excise levels as OMCs incur heavy losses

The discussion has taken place at a time when benchmark Brent crude price has surged past $105 a barrel for the first time since 2014 after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.

9% ethanol blending in petrol achieved; 20% target by 2025: Hardeep Singh Puri

Presently, 10 per cent ethanol, extracted from sugarcane or surplus foodgrain, is required to be blended or mixed in petrol (meaning 10 per cent of ethanol mixed with 90 per cent of petrol) with a view to cutting oil import dependence and provide farmers with an additional source of income.

Oil Ministry opposes NITI Aayog’s proposal to monetise core assets

The ministry has instead put forward non-core assets worth Rs 17,500 crore from PSUs

No plan to split GAIL: Oil Minister Dharmendra Pradhan

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.

Natural gas prices cut by steep 26%; huge dent in ONGC revenues

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.

Oil Ministry justifies LPG price hike to spike in global rates

"The LPG price is derived based on the international market price for the previous month," the ministry said in a statement.

Oil Ministry moves Cabinet note for splitting GAIL; pipeline business may be sold later

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.

IOC eyes asset monetisation via SVP route, may approach PE, VC funds: Report

The funds raised would be used to expand operations and reduce borrowings

India's fuel demand rose 3.2% in December

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.

What spike in crude could mean for downstream oil cos – will govt. go back on its words?

Brewing geopolitical tensions coupled with fears of trade wars and inventory cuts are expected to keep crude up in the near term

Petrol price hits 4-year high, diesel at highest level

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

Keeping close watch on petrol, diesel rates, says Oil Minister Dharmendra Pradhan

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.

India's fuel demand rose 7.5% in December

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.