On November 24, 2015 19:01 (IST)
The Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in crude prices beginning June 2014, Petroleum Minister Dharmendra Pradhan said.
On November 17, 2015 14:18 (IST)
Government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.
On November 17, 2015 08:44 (IST)
Jaitley said that the environment for investment is more conducive now because the decision making is quicker, infrastructural investments are picking up and Indian economy is growing faster than most other economies in the world.
On November 14, 2015 18:25 (IST)
Urging consumers to give up subsidy on LPG, he said from the time of implementation of Direct Benefit Transfer (DBT), the government has been able to save Rs 15,000 crore in the last fiscal.
On November 14, 2015 16:05 (IST)
The minister said the government was also trying to frame a policy for developing 69 marginal oil and gas fields, which was not a viable option for big companies like ONGC.
On November 06, 2015 22:19 (IST)
Oil Minister Dharmendra Pradhan on Friday hinted of stopping supply of subsidised cooking gas (LPG) to the well-off as only 42.5 lakh out of nearly 15 crore cooking gas consumers have so far voluntarily give up subsidy.
On October 30, 2015 00:10 (IST)
India has asked its largest liquefied natural gas (LNG) supplier Qatar to cut prices to match a 40 per cent slump in global rates as well as waive penalty for not buying all of the contracted fuel.
On October 20, 2015 07:27 (IST)
The slide in crude weighed on commodity currencies such as the Canadian dollar, which faced extra pressure as voters in Canada appeared set to elect a candidate as prime minister who plans to run deficits to increase infrastructure spending.
On October 12, 2015 14:36 (IST)
Oil prices rose on Monday after Kuwait's oil minister said economic growth and the removal of high cost producers would help tighten global fuel balances.
On September 14, 2015 15:16 (IST)
The minister said global financial turmoil was not a problem for the country as the savings on account of declining oil and other commodity prices have helped the government earmark more funds for the infrastructure sector and social sector schemes.
On September 02, 2015 15:49 (IST)
Shares of oil exploration companies such as Shiv Vani Oils, Aban Offshore, Dolphin Offshore Enterprises, Hindustan Oil Exploration, Selan Exploration Technology and Jindal Drilling Industries came in high demand on Wednesday after Petroleum Minister Dharamendra Pradhan announced the auction of 69 small and marginal oil fields.
On September 02, 2015 16:17 (IST)
The government expects private companies to boost output from the areas that hold resources of more than $10 billion.
On August 31, 2015 13:33 (IST)
Pushing for interest rate cut, Finance Minister Arun Jaitley on Monday said inflation is under control while oil and commodity prices are also low.
On August 28, 2015 22:04 (IST)
Global oil prices slumping to six year lows and the accompanying fall in commodity prices will help India save money on its import bill that can be used to fund social security schemes as well as for infrastructure building, Finance Minister Arun Jaitley said on Friday.
On August 19, 2015 19:10 (IST)
Oil minister Dharmendra Pradhan on Wednesday said he expects a "reasonable" price of crude oil from selling countries, in a sign the government is looking to leverage its position as a big buyer to negotiate deals in an oversupplied market.
On August 18, 2015 13:48 (IST)
The government plans to spend $1.5 billion (Rs 10,000 crore) in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade.
On August 17, 2015 15:05 (IST)
The United Arab Emirates (UAE) is open to meeting any demand for oil from India, the Gulf OPEC (Organization of Petroleum Exporting Countries) member's economy minister Sultan bin Saeed al-Mansouri told Reuters on Monday.
On August 10, 2015 17:45 (IST)
Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said on Monday.
On August 10, 2015 15:54 (IST)
The government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said on Monday.
On August 04, 2015 00:02 (IST)
Government has recovered nearly a third of the $195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said on Monday.