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...
On July 20, 2014 19:58 (IST)
Cooking gas and kerosene prices will not be hiked keeping in view the impact of such a step on the people, Petroleum Minister Dharmendra Pradhan has said.
On July 15, 2014 16:40 (IST)
The government will decide next month on the sale of a $3-billion (Rs 18,030 crore at 1 dollar = 60.10 rupees) stake in state oil firm Oil and Natural Gas Corp (ONGC), in a major test of whether Prime Minister Narendra Modi can follow through on refo...
On July 14, 2014 20:20 (IST)
The government has disallowed Reliance Industries Ltd (RIL) from recovering $2.376 billion (Rs 14,256 crore at 1 dollar = 60 rupees) invested to develop offshore gas fields in the D6 block on the country's east coast as output has fallen drastically ...
On July 09, 2014 14:49 (IST)
Finance Minister Arun Jaitley today tabled the Economic Survey for 2013-14, a day ahead of the Union Budget. The Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major developme...
On July 08, 2014 21:05 (IST)
The recent Iraq crisis has led to marginal depreciation of the rupee and government is calibrating "appropriate policy responses" to cope with the situation, Parliament was informed on Tuesday.
On July 04, 2014 15:28 (IST)
Finance Minister Arun Jaitley on Friday said there was no cause to panic about the possibility of higher inflation, after a private forecasting agency said there was a 60 per cent chance India would face a drought this year.
On July 04, 2014 12:13 (IST)
India is worried about the impact of Iraq crisis on crude oil, though there were indications of moderation in prices in the last few days, Finance Minister Arun Jaitley said on Friday.
On July 03, 2014 12:34 (IST)
Libya's acting prime minister, Abdullah al-Thinni, said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade, making around 500,000 more barrels a day of crude available fo...
On June 26, 2014 20:44 (IST)
Petroleum Minister Dharmendra Pradhan has approved appointment of B Ashok as the head of India's largest oil firm, Indian Oil Corporation (IOC), in what will be the first top level appointment by the new government.
On June 26, 2014 01:00 (IST)
Putting speculations at rest, the government on Wednesday said it is not considering raising prices of LPG and kerosene.
On June 25, 2014 14:47 (IST)
Oil minister Dharmendra Pradhan is likely to attend a cabinet meeting on Wednesday, amid speculation that the government India could raise gas prices from July 1. Mr Pradhan is not a member of the cabinet committee, but can attend the meeting as a sp...
On June 25, 2014 12:07 (IST)
The earliest possible date to raise the local gas prices is July 1, a separate government source said, adding, the oil ministry has already made presentations to Prime Minister Narendra Modi on gas pricing.
On June 22, 2014 18:18 (IST)
Prime Minister Narendra Modi on Sunday met Oil Minister Dharmendra Pradhan for the second time in three days, apparently to hammer out an acceptable increase in natural gas prices that could be announced soon.
On June 21, 2014 10:18 (IST)
Mr Modi was appraised of the problems and pending issues facing the world's fourth largest energy consumer when Oil Minister Dharmendra Pradhan and Power and Coal Minister Piyush Goyal made powerpoint presentations on their sectors.
On June 19, 2014 01:56 (IST)
With delays in regulatory nod and gas price revision frustrating its attempts to reverse falling gas output from the KG-D6 field, BP chief executive Bob Dudley met Petroleum Minister Dharmendra Pradhan to press for early decisions.
On June 18, 2014 17:49 (IST)
India imports 80 per cent of its oil requirements and higher oil prices could make things more complicated for Prime Minister Narendra Modi who won last month's elections on promises of lower price rise, faster economic growth and new jobs.
On June 18, 2014 14:00 (IST)
Ahead of his maiden budget next month, Finance Minister Arun Jaitley is grappling with a food inflation scare, and now faces the risk that higher oil prices could swell the government's subsidy bill.