On July 26, 2016 16:12 (IST)
State-owned ONGC and private sector Cairn India have demanded halving of cess on domestic crude oil production saying their burden has actually gone up after Finance Minister Arun Jaitley's Budget exercise aimed at reducing the levy.
On July 04, 2016 12:36 (IST)
Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.
On June 14, 2016 23:44 (IST)
India is taking the lead for creating an alliance of gas importers across the world for "reasonable and affordable" pricing of the fuel, Union Oil Minister Dharmendra Pradhan said on Tuesday.
On June 06, 2016 12:45 (IST)
Oil minister said on Monday that the government was ready to help with the revival of projects including Nagarjuna Oil Refinery Ltd.
On June 05, 2016 20:42 (IST)
Stating that Krishna-Godavari Basin will become the hub of oil and gas reserves in the country in the coming years, Oil Minister Dharmendra Pradhan on Sunday said it is likely to attract new investments of Rs 1 lakh crore.
On June 05, 2016 13:59 (IST)
With crude oil prices touching a seven-month high of $50 per barrel, Finance Minister Arun Jaitley has said India can handle the current level but higher rates will impact the economy and lead to inflationary pressure.
On June 03, 2016 20:06 (IST)
With petrol and diesel prices rising by Rs 9-10 per litre since March, Oil Minister Dharmendra Pradhan on Friday downplayed possibility of an excise duty reduction to give relief to consumers saying there should not be any knee-jerk reaction.
On June 03, 2016 15:43 (IST)
Global oil majors including Saudi Aramco and Total plan to tap the retail fuel market in India, its oil minister said on Friday, reflecting the expanding role of the world's fastest-growing large economy on the global crude landscape.
On May 11, 2016 18:47 (IST)
Iran has ended free shipping of crude oil to India and has asked refiners like Mangalore Refineries (MRPL) and Essar Oil to arrange for freight, Oil Minister Dharmendra Pradhan said on Wednesday.
On May 09, 2016 15:24 (IST)
Prices of petrol have been reduced 32 times and increased 21 times whereas diesel rates slashed 19 times and raised 28 times since April 1, 2013, Commerce Minister Nirmala Sitharaman said on Monday.
On May 08, 2016 17:24 (IST)
Saudi Arabia's new energy minister on Sunday pledged to maintain the kingdom's oil policy, after being named in a major government overhaul.
On May 06, 2016 17:53 (IST)
The central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Tehran, India's Oil Minister Dharmendra Pradhan told Reuters, unlocking $6.4 billion in stalled funds.
On May 06, 2016 13:55 (IST)
India plans to shift to a gas-based economy by boosting domestic production and buying cheap liquefied natural gas (LNG) as the world's third-biggest oil importer seeks to curb its greenhouse emissions, oil minister Dharmendra Pradhan said.
On May 04, 2016 14:28 (IST)
Government has saved over Rs 21,000 crore in cooking gas LPG subisdy in the last two financial years as paying the dole directly into bank accounts of actual users helped eliminate duplicate connections as well as diversions, Oil Minister Dharmendra Pradhan said on Wednesday.
On May 03, 2016 10:59 (IST)
The revision in LNG agreement with Qatar has helped bring down cost of importing natural gas to less than $5 per mmBtu from $12, Oil Minister Dharmendra Pradhan said on Monday.
On May 02, 2016 16:04 (IST)
Government will not succumb to any pressure in resolving pending arbitration disputes with companies such as Reliance Industries over KG-D6 gas fields, Oil Minister Dharmendra Pradhan said in Rajya Sabha on Monday.
On April 25, 2016 16:33 (IST)
Saudi Aramco's expansion into refineries in major markets help guarantee demand for its crude oil exports amid intensifying global competition.
On April 13, 2016 14:52 (IST)
India's fuel demand surged to its highest level in at least 15 years in the fiscal year ended March, driven by growing appetite for gasoline-guzzling vehicles and a boost in mining and manufacturing activity.
On April 10, 2016 17:46 (IST)
Stepping up its energy ties with Iran, India has lined up $20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights.
On April 09, 2016 15:05 (IST)
Iran is exporting around 350,000 barrels of crude oil a day to India, Oil Minister Bijan Zanganeh was quoted as saying on Saturday after meeting Indian counterpart Dharmendra Pradhan.