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.
On July 27, 2015 17:22 (IST)
India has cut crude oil imports from its top supplier Saudi Arabia by over 8 per cent in 2014-15 as it raised purchases from Africa and Latin America in an apparent bid to cut reliance on the volatile Middle East.
On July 15, 2015 21:38 (IST)
BP chief executive Bob Dudley on Tuesday met Prime Minister Narendra Modi, first since the BJP-led government stormed to power last May, and followed it up with a meeting with Oil Minister Dharmendra Pradhan on Wednesday morning.
On July 13, 2015 20:11 (IST)
As many as 26.7 lakh households currently use gas received from pipeline in kitchen. "We are targeting 1 crore piped natural gas (PNG) connections in two years," Oil Minister Dharmendra Pradhan said at a Bio-Fuel Conference here.
On July 10, 2015 18:43 (IST)
The South Oil Jetty, which will be used to import and export of oil at high sea, was dedicated to the nation by Shipping and Road Transport Minister Nitin Gadkari at Paradip, a company press release said here.
On July 07, 2015 16:16 (IST)
Oil Minister Dharmendra Pradhan met Canadian Minister for Natural Resources Greg Rickford at the second India-Canada Ministerial Energy Dialogue in Calgary to discuss enhancing energy cooperation between the two countries.
On July 03, 2015 23:34 (IST)
Oil Minister Dharmendra Pradhan will lead an Indian delegation for bilateral energy dialogue with Canada.
On July 03, 2015 19:35 (IST)
Finance Minister Arun Jaitley has set a target of raising about Rs 69,500 crore by selling shares in state-run companies and minority holdings in private companies this fiscal year.
On June 26, 2015 23:09 (IST)
The next round of auction of oil and gas blocks under the New Exploration Licensing Policy (NELP) will be held by the end of fiscal year 2015-16, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Friday.
On June 12, 2015 20:47 (IST)
The oil ministry is moving beyond seeking additional barrels for import in talks with exporters. Now, the energy-deficient country wants to use its thirst for oil as a weapon to broker deals to help strengthen its economy and create jobs, Oil Minister Dharmendra Pradhan told Reuters in an interview.
On June 12, 2015 16:39 (IST)
The government has saved Rs 10,000 crore subsidy outgo on cooking gas through a similar scheme, which it says has knocked off about 40 million illegal consumers from the system.
On June 12, 2015 18:34 (IST)
Vedanta earlier this week signalled it was considering a merger, a move that would it to repay a hefty group burden with the help of cash-generating Cairn.
On June 08, 2015 21:41 (IST)
The government will start keeping a strategic oil reserve from this month, which would be located at Visakhapatnam in Andhra Pradesh, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Monday.
On May 21, 2015 21:46 (IST)
Saudi oil minister Ali Al-Naimi said on Thursday that the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason.