Petroleum Ministry

After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue

The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget

Engaged with FinMin over review of windfall tax: Petroleum Secretary

Petrol, diesel pump prices may be reduced by OMCs if global crude oil prices remain low

Modi govt 3.0 Cabinet: Hardeep Singh Puri retains petroleum ministry

Puri had also helmed the civil aviation, and housing & urban affairs ministries, and served as the minister of state for commerce and industry in the second term of the Modi government

PM to inaugurate Barauni-Guwahati national gas pipeline on Saturday

Prime Minister Narendra Modi is scheduled to inaugurate the Barauni-Guwahati Natural Gas Pipeline (BGPL), a milestone project linking the North East region to the National Gas Grid, during his visit to Assam on Saturday, a top official of the executing company, GAIL (India) Ltd, said. This pipeline will provide a dependable source of clean energy, foster economic growth and enhance the overall well-being of the people of the region, GAIL's executive director (Projects) AK Tripathi told reporters here on Friday. The 718km pipeline which traverses through Bihar, West Bengal and Assam has been built at a cost of Rs 3,992 crore by GAIL, a Maharatna PSU under the Ministry of Petroleum and Natural Gas, he added. The pipeline is designed to supply natural gas to nine geographical areas covering 31 districts across these three states through authorised city gas distribution (CGD) entities along its route, Tripathi said. Tripathi highlighted the unique challenges encountered during the ...

India has no problem in making payment for Russian oil: Hardeep Puri

Puri, who is in charge of the Petroleum and Natural Gas Ministry, said India enjoys a buyers' position and foreign oil suppliers are making offers to its companies

Govt launches 9th round of oil, gas blocks for bidding, ONGC wins big

In the ninth bid round, 28 blocks, with an area of approximately 136,000 square kilometres, are on offer for bidding

Petroleum Ministry has given nod to import Venezuelan crude: Officials

Puri says India open to importing from any country not under sanctions

Govt wants Saudi Aramco to develop strategic petroleum reserve: Report

India, the world's third-biggest oil importer and consumer, imports over 80% of its oil needs and has built strategic storage at three locations in southern India

Govt hikes domestic natural gas prices to $9.20 per mmBTu from Oct 1

The hike in prices is likely to hurt consumers as the gas distribution companies are expected to increase prices of CNG and PNG

Multilateral development banks pledge upto $27 bn for India's green growth

The government commits to green hydrogen development, encourages collaboration with private sector as global demand for hydrogen is expected to reach 200 million tons by 2030

Gadkari pitches for 15% methanol-blended diesel to reduce logistics cost

Sees promise in Assam's methanol economy; has asked state's CM to explore possibility of converting normal to methanol trucks

Govt undertaking energy transition to achieve Net Carbon Zero by 2070: Puri

Hardeep Singh Puri said the government is "acutely aware" of the need for a just and stable energy transition

Looking to build smaller refineries to avoid land acquisition hurdles: Puri

Large project plans such as the 60 MMTPA West Coast refinery have stagnated

India's fuel price paradox: Global prices lower but pump rates still high

Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers

India to become major exporter of green hydrogen in 15 years: Puri

Implementing one per cent sustainable aviation fuel in all domestic flights by 2030, would require 140 million litres of ethanol

Half a dozen stalled refinery expansion plans come under PMO radar

With national fuel demand rising quickly, core team of officials to look into issues holding up planned refinery projects

Centre sticking to target of 5,000 compressed biogas plants by FY25

Announced in 2018, SATAT scheme has been able to establish only 46 CBG plants until now

Domestic gas price for April at $7.92, price for consumers capped at $6.5

The government on Thursday amended the domestic pricing model of natural gas in line with the recommendations of the Kirit Parikh committee on gas pricing

LPG cylinder refills by PMUY beneficiaries woefully inadequate, shows data

More than 95.8 million gas connections have been released under PMUY as of February 2, 2023, reveals data available on the official PMUY website

India's deepwater exploration has vast investment potential: Research

He also tweeted that "Could India be the licensing wildcard of 2023" and added that this also means there's alignment & agreement from PM's office down to DGH that more offshore exploration is needed