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.
On May 20, 2015 23:00 (IST)
Finance Minister Arun Jaitley on Wednesday said inflation will not be a significant challenge though there is a possibility of below average monsoon and food prices getting impacted.
On May 16, 2015 20:47 (IST)
To bolster energy ties with the US, Oil Minister Dharmendra Pradhan is leading a high-level delegation of industry CEOs to Mexico and Colombia during May 18-May 22.
On May 15, 2015 17:02 (IST)
Oil Minister Dharmendra Pradhan said on Friday that the government is looking to buy oil assets abroad.
On May 13, 2015 22:47 (IST)
Petrol price of Rs 63.16 per litre in Delhi is more than Rs 44.05 per litre rate of the fuel in Pakistan and Rs 54.75 in Sri Lanka. However, it is cheaper than Rs 76.97 per litre price in Bangladesh and Rs 68.13 a litre in Nepal.
On May 09, 2015 13:54 (IST)
Excise duty collection on petrol and diesel jumped over 50 per cent in financial year 2014-15 to Rs 74,465 crore as the government on multiple occasions raised tax rates to shore up its revenues.
On May 08, 2015 21:19 (IST)
Slowdown in global demand, appreciation of the rupee against the euro and a steep fall in oil prices led to a decline in India's exports in 2014-15, Parliament was informed on Friday.
On March 29, 2015 17:00 (IST)
There are about 15.3 crore LPG consumers in the country.
On March 28, 2015 11:41 (IST)
Concerned over volatility in international oil prices, Finance Minister Arun Jaitley on Friday expressed hope that the situation in the Middle East will improve and the prices will stabilise.
On March 20, 2015 14:54 (IST)
The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.
On March 17, 2015 14:48 (IST)
The deficit narrowed to 1.6 per cent in the October-December quarter from 2 per cent a quarter earlier on the back of slumping oil prices
On February 28, 2015 09:41 (IST)
Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.
On February 27, 2015 11:53 (IST)
Finance Minister Arun Jaitley is expected to provide some tax breaks to the salaried class in Saturday's Budget, analysts say. To compensate for the shortfall in revenues, Mr Jaitley may hike indirect taxes, including customs duty on crude oil import...
On February 26, 2015 22:35 (IST)
Finance Minister Arun Jaitley on Thursday defended petrol and diesel pricing policy of state-run firms, saying they had suffered an inventory loss of Rs 30,000 crore this fiscal year on falling international oil prices.
On February 25, 2015 18:32 (IST)
The Petroleum and Natural Gas Regulatory Board (PNGRB) has suggested a maximum marketing margin on natural gas sold to fertiliser and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas user...
On February 25, 2015 18:29 (IST)
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
On February 16, 2015 18:55 (IST)
The recent rally "will start holding gains now and hopefully in the second half of 2015 we will see better prices", the minister, Ali al-Omair, said.
On February 16, 2015 15:22 (IST)
Finance Minister Arun Jaitley may look at reimposing 5 per cent customs duty on crude oil imports to shore up revenues by $3 billion and create a level playing field for domestic producers.
On February 05, 2015 14:52 (IST)
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this ...
On January 31, 2015 19:31 (IST)
Prime Minister Narendra Modi on Saturday reviewed the progress of implementation of the scheme for paying subsidy on cooking gas (LPG) directly into bank accounts of consumers.