On November 14, 2014 07:30 (IST)
The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27.
On November 13, 2014 01:06 (IST)
Food Minister Ram Vilas Paswan has said that his ministry wants to double the import tax on crude edible oils and raise that on refined oils by 50 per cent, but is waiting for other ministries to give their views before passing its recommendation to ...
On November 06, 2014 21:40 (IST)
A modified direct cash subsidy transfer scheme for LPG consumers will be launched in 54 districts from November 15 and all over the country from January 1.
On November 04, 2014 00:34 (IST)
The Centre will soon write to the states to bring uniformity in the Value Added Tax (VAT) on oil products so that benefits of price cuts filter down to the masses, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said on Monday.
On November 02, 2014 19:56 (IST)
With firms like Piramal Glass having to shut down part of their operations after gas supply cuts, Gujarat industries have sought Oil Minister Dharmendra Pradhan's intervention to stop "arbitrary" action of GAIL that may lead to 30,000 job losses.
On October 31, 2014 22:17 (IST)
Declining prices of crude oil and food will help lower inflation, Finance Minister Arun Jaitley said on Friday, expressing confidence that economic growth in the current fiscal year will be in the range of 5.5-5.9 per cent.
On October 28, 2014 16:06 (IST)
Hit by uncertainty over oil supplies from West Asia, the government is keen to diversify imports and wants to buy crude from the US, Oil Minister Dharmendra Pradhan has said.
On October 26, 2014 16:17 (IST)
In parallel, the ministry is setting stiff targets for state explorers like ONGC to reverse the declining trend in oil and gas output in recent years as it looks to cut on import dependence.
On October 25, 2014 20:38 (IST)
Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of the South East Asian nation's Prime Minister, Nguyen Tan Dung, on October 27.
On October 24, 2014 16:49 (IST)
The government has no plans to curtail supply of subsidised cooking gas (LPG) from the current 12 cylinders per household in a year even as it looks to give cash subsidy to consumers across the country by June.
On October 21, 2014 18:47 (IST)
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the ...
On October 21, 2014 01:26 (IST)
The government promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price con...
On September 13, 2014 00:20 (IST)
The Centre has chalked out plans to set up at least four more strategic oil reserves in the country in a bid to store adequate stock for meeting 90-100 day requirements during any crisis.
On September 11, 2014 14:08 (IST)
Fertilisers stocks have witnessed strong buying in last one week after Ananth Kumar, Minister for Chemicals & Fertilizers, said that the government proposes to come out with a new fertiliser policy. He also said that the fertiliser ministry is follow...
On September 06, 2014 20:24 (IST)
Announcing expansion plans worth Rs 4,500 crore for Odisha, Union Petroleum Minister Dharmendra Pradhan has said the petrol, diesel and LPG network would be expanded to benefit all the consumers in the state.
On September 02, 2014 15:24 (IST)
Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre, helped by the monthly increases and softening in international oil rates.
On August 24, 2014 16:44 (IST)
The Association of Oil and Gas Operators, which is made up for over two-dozen members including the likes of Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, on August 18 wrote to Oil Minister Dharmendra Pradhan listing out pricing challenges...
On August 13, 2014 17:53 (IST)
The government on Wednesday said it will come out with a new natural gas pricing formula by September 30.
On July 23, 2014 15:26 (IST)
India is diversifying its sources of crude oil imports to reduce dependence on any one region, Oil Minister Dharmendra Pradhan told Rajya Sabha on wednesday.
On July 21, 2014 21:40 (IST)
The Petroleum and Natural Gas Regulatory Board (PNGRB) will decide on the margin that natural gas sellers like GAIL and Reliance Industries can charge from urea manufacturers and LPG plants by the end of the year, Oil Minister Dharmendra Pradhan said...