Oil Min moots introduction of 'save fuel' lessons in textbooks
Oil Minister Dharmendra Pradhan has mooted the idea of introducing lessons in fuel conservation in textbooks on the lines of environment studies to instill the habit of saving the scarce resource.
Jan 19, 2015, 21:50 PM IST
'Proposal to stop kerosene subsidy to households with power'
The government has received a proposal to keep households that are getting regular supply of electricity out of subsidised kerosene sales, Oil Minister Dharmendra Pradhan said Monday.
Jan 12, 2015, 16:07 PM IST
RIL seeks immediate start of KG-D6 cost recovery arbitration
With its KG-D6 cost recovery arbitration stuck for three years, Reliance Industries has sought immediate start of the proceedings for early resolution of the dispute.
Dec 26, 2014, 17:46 PM IST
SC appointed judge not yet onboard KG-D6 arbitration
Supreme Court appointed former Australian judge Micheal Kerby has so far not accepted becoming the presiding arbitrator in the KG-D6 cost recovery dispute as Oil Ministry hasn't given its no-objection.
Dec 22, 2014, 15:26 PM IST
Oil Ministry says $5.6 bn production loss at PMT fields
Sources said the ministry told PMO that BG and its partners Reliance Industries and ONGC, had initiated arbitration on the issue related to cost recovery limit prescribed in the Production Sharing Contract (PSC).
Dec 21, 2014, 14:46 PM IST
Oil Ministry to cut subsidy burden of ONGC, adjust its cess payment
The move to lessen the subsidy burden will give a flip to government's plan to sell 5 percent stake in Oil and Natural Gas Corp (ONGC) to garner about Rs 17,000 crore.
Dec 08, 2014, 13:58 PM IST
Oil Ministry may dip into RIL incremental gas price hike revenue account
Government may dip into Reliance Industries' incremental gas price hike revenue, accruing in a pool account, to recover its dues in the wake of the contractor failing to meet certain KG-D6 output targets.
Dec 07, 2014, 12:28 PM IST
No exemption to ONGC from fuel subsidy payout: Pradhan
The government is not considering exempting state-owned Oil and Natural Gas Corp (ONGC) from payment of fuel subsidy, Oil Minister Dharmendra Pradhan said Wednesday.
Dec 03, 2014, 21:36 PM IST
ONGC finalises gas sales at $10.10-11.20: Pradhan
State-owned Oil and Natural Gas Corp (ONGC) has finalised sale of gas from its marginal fields at a price of USD 10.10-11.20 a unit, Oil Minister Dharmendra Pradhan said Wednesday.
Nov 26, 2014, 17:47 PM IST
Oil Ministry grapples with payment options for RIL's KG-D6 gas
However, there is still no clarity on how to invoice the fuel from RIL's D1&D3 fields, which is to be sold at the old rate of USD 4.2 per mmBtu.
Nov 13, 2014, 13:21 PM IST
Oil Ministry seeks Rs 8,183 cr in fuel subsidy
Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) had reported a revenue loss of about Rs 24,563 crore in the July-September quarter.
Nov 10, 2014, 14:51 PM IST
Fall in oil prices costs Iraq 27% of expected revenues
The sharp decline in global oil prices has "greatly affected" Iraq, costing the country 27 percent of its projected revenues for the year, the oil ministry said on Saturday.
Nov 08, 2014, 18:23 PM IST
Oil Min to overhaul exploration policy: Pradhan
After unveiling major reforms since BJP's storming to power, Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the economy.
Oct 26, 2014, 11:18 AM IST
Cut in diesel prices by Rs 3.56 per litre in offing
A Rs 3.56 per litre cut in diesel prices is in the offing as slump in international oil prices have helped nearly doubling of profit on India's most consumed fuel.
Oct 16, 2014, 17:09 PM IST
Diesel price likely to be cut by Rs 2.50/litre after state elections
A Rs 2.50 per litre cut in diesel prices, the first in over four years, is likely after results of assembly polls in Maharashtra and Haryana are announced on Sunday.
Oct 14, 2014, 20:20 PM IST
Oil Min rejects IOC Director (Mkt) candidate
Petroleum Ministry has rejected selection of U V Mannur as Director (Marketing) of nation's biggest company Indian Oil Corp (IOC).
Oct 08, 2014, 17:44 PM IST
Oil Ministry cuts natural gas supplies to small industry in Gujarat
Oil Ministry has cut natural gas supplies to small industries in south Gujarat by 60 percent to feed CNG demand.
Oct 06, 2014, 15:34 PM IST
OilMin sets up panel on delays in ONGC's gas discovery
The Petroleum Ministry has set up a committee headed by DGH to inquire into the reasons for delay in developing gas discoveries in ONGC's Krishna Godavari basin KG-D5 block.
Oct 03, 2014, 18:38 PM IST
Fuel cos absorbed Rs 26.6K cr losses on sales in 5 yrs: OilMin
With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.
Oct 02, 2014, 18:39 PM IST
Profit on diesel swells to Rs 1.90 a litre
Profit on sale of diesel swelled to Rs 1.90 per litre as oil ministry awaits return of Prime Minister Narendra Modi to cut rates.
Oct 01, 2014, 17:40 PM IST
