Page 4 - Oil Ministry

Cabinet may soon take up extending subsidy to BPCL after privatisation

LPG customers of state-owned OMCs with less than Rs 10 lakh annual income get cash subsidy through direct benefit transfer in their bank accounts

Oil ministry wants Covid-19 vaccination for employees at forefront

The ministry said these frontline workers had braved the intense first wave of the pandemic and ensured uninterrupted fuel supplies to the country

No plan to split Gail, says Union Oil Minister Dharmendra Pradhan

The government is not considering any proposal to bifurcate state-owned gas utility GAIL (India) Ltd, Pradhan said

India's fuel demand to rebound in 2021-22 with 10% growth

A reflating economy will drive petrol and diesel demand, according to Oil Ministry's projections

GAIL bifurcation plan put on hold; firm to monetise pipelines through InvIT

The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm's ability to finance the massive infrastructure building plan

Iran to boost oil output via $1.2 billion deal with local companies

Iran plans to roughly double oil production in the next year to 4.5 million barrels daily, as the country anticipates a loosening of US sanctions

Fuel prices hiked in international market due to US elections: Pradhan

Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan on Sunday said there has been a rise in fuel prices in the international market because of the recent elections in America and other reasons."There has been a rise in fuel prices in the international market because of recent elections in America and other reasons," said Pradhan."Recently, OPEC has decided to increase production. We expect the fuel prices to stabilise soon," he added.Pradhan on Sunday interacted with officials of Indore Municipal Corporation, officials of the state unit of Indian Oil and several stakeholders from the industry. Had insightful discussions on the efforts of IMC in waste segregation & management to ensure a clean environment for better public health, he added."Indore Municipal Corporation also came up with a presentation on setting up of waste-to-energy plants. Happy to share that IMC has consistently eliminated garbage dumps, ensured 100 per cent household-waste segregation and ...

India wants to resume Iran, Venezuela oil imports under Joe Biden: Pradhan

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela after Joseph Biden becomes president of the US, Oil Minister Dharmendra Pradhan said

More reforms in offing to lift pvt participation in energy sector: Oil secy

With oil prices slumping after the pandemic pummelled fuel demand, upstream producers such as ONGC asked the government to cut oil cess and royalty

Govt bans natural gas, coal-bed methane producers from buying own produce

The government on October 15 notified the Natural Gas Marketing Reforms that give producers the freedom to discover the market price of gas through a standard e-bidding process

India's September fuel demand declines about 4.4% to 15.47 mn tonnes

Sales of gasoline, or petrol, rose by 3.3% from a year earlier to 2.45 million tonnes

Oil minister Dharmendra Pradhan tests Covid positive, admitted to Medanta

In a tweet, Pradhan said he has been admitted to hospital after testing positive of Covid-19

Oil Ministry justifies LPG price hike, blames international market prices

It also said domestic consumers have been largely insulated from the hike by way of the large increase in subsidy

Oil ministry seeks nod to split GAIL; pipeline business may be sold later

Sources said to resolve the conflict arising out of the same entity owning the two jobs, bifurcating GAIL is being considered

Budget 2020: Oil ministry calls for inclusion of natural gas under GST

If brought under GST, natural gas will attract a uniform rate of tax at the consumption point anywhere in the country after doing away with current rates of excise duty and VAT

ONGC gets all 7 oil, gas blocks in latest bid, adds 18,510 sq km of area

ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present

India's fuel consumption grew 10.5% in November: Oil Ministry data

Sales of gasoline, or petrol, were 9.2 percent higher from a year earlier at 2.53 million tonnes.

Oil ministry wants more funds to get Ujjwala scheme back on track

Currently, there are 24,127 LPG distributors in India.

India to invest $60 bn in developing gas supply, distribution: Oil minister

The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting north to south and east to west parts of India, he said.

Oil ministry intensifies monitoring of ONGC, OIL fields to avoid slippages

Slippages would derail the Ministry's target of cutting import reliance by 10% by 2022