On September 13, 2014 00:20 (IST)
The Centre has chalked out plans to set up at least four more strategic oil reserves in the country in a bid to store adequate stock for meeting 90-100 day requirements during any crisis.
On September 11, 2014 14:08 (IST)
Fertilisers stocks have witnessed strong buying in last one week after Ananth Kumar, Minister for Chemicals & Fertilizers, said that the government proposes to come out with a new fertiliser policy. He also said that the fertiliser ministry is follow...
On September 06, 2014 20:24 (IST)
Announcing expansion plans worth Rs 4,500 crore for Odisha, Union Petroleum Minister Dharmendra Pradhan has said the petrol, diesel and LPG network would be expanded to benefit all the consumers in the state.
On September 02, 2014 15:24 (IST)
Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre, helped by the monthly increases and softening in international oil rates.
On August 24, 2014 16:44 (IST)
The Association of Oil and Gas Operators, which is made up for over two-dozen members including the likes of Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, on August 18 wrote to Oil Minister Dharmendra Pradhan listing out pricing challenges...
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.