Govt seeks Rs 15,546-crore fuel subsidy from upstream cos
Indian Oil Corp (IOC) will get Rs 8,107 crore from upstream firms in fuel subsidy support for the first quarter while Hindustan Petroleum Corp Ltd (HPCL) will get Rs 3,608.88 crore.
Jul 31, 2014, 12:58 PM IST
Cairn seeks ONGC nod to extend Rajasthan block permit beyond 2020
Sources said as a licensee, ONGC has concerns on royalty which it would be like to be addressed at the time of extension.
Jul 27, 2014, 16:26 PM IST
KG-D6 case: Oil Min says it challenged McHugh decision to return
Former Australian judge Michael McHugh had to quit as chairman of an arbitral tribunal in the Reliance Industries' KG-D6 cost recovery dispute as Oil Ministry challenged his decision to return after he initially withdrew from the post.
Jul 23, 2014, 17:16 PM IST
CAG flays govt's fuel pricing policy; says RIL, Essar Oil given undue benefits of Rs 667 cr
State-owned fuel retailers buy diesel from private refiners as their own production is insufficient to meet domestic demand.
Jul 18, 2014, 18:30 PM IST
ONGC opposes govt stake sale before issues are resolved
The government plans to sell 42.77 crore shares, or five per cent of its stake in ONGC worth Rs 17,400 crore at current prices, this fiscal.
Jul 17, 2014, 13:45 PM IST
Oil Ministry to move Cabinet to allow RIL to retain gas finds
RIL has not been able to submit a development plan for D-29, 30 and 31 gas discoveries, which hold an estimated 345 billion cubic feet of reserves.
Jul 16, 2014, 11:03 AM IST
Govt slaps $579 mn additional penalty on RIL
With this, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at a cumulative USD 2.376 billion.
Jul 14, 2014, 16:09 PM IST
Government slaps $579 mn additional penalty on RIL
The total penalty now stands at USD 2.37 billion. The penalty in the form of disallowing costs incurred on the field is for missing the target in 2013-14.
Jul 14, 2014, 15:53 PM IST
Gas allocation to be rejigged, CGD projects to get 1st priority
Presently, urea-manufacturing fertiliser plants have the first right over the domestically produced gas, followed by LPG plants and power stations.
Jul 07, 2014, 16:05 PM IST
Oil Ministry mulling proposal to raise LPG prices by Rs 250 per cylinder
The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, kerosene and LPG, official sources said here.
Jul 04, 2014, 15:42 PM IST
Cabinet defers decision on gas price hike by 3 months
In a much needed relief for the common man, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday put off the decision to hike gas price by three months stating that the new government should be given more time to decide on it.
Jun 25, 2014, 18:41 PM IST
