Page 3 - Petroleum Ministry

Centre asks state-run companies to consider buying Russian oil assets

Oil ministry also asked OVL, the overseas investment arm of Oil and Natural Gas Corp, to consider buying a 30% stake held by Exxon Mobile Corp, in the Sakhalin 1 project in Russia's Far East

491 charging stations installed as on Mar 1 under FAME: Petroleum Ministry

The Phase-II of FAME India scheme proposes to give a push to electric vehicles (EVs) in public transport and encourage adoption of EVs by way of market creation and demand aggregation

Govt to take measures to provide relief to consumers from high fuel prices

India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices

India expects fuel demand to grow 5.5% in the next fiscal year: Govt data

Consumption of aviation fuel would likely increase by nearly 50% to 7.6 million tonnes, compared with the revised estimate of 5.1 million tonnes for the year ending March 2022

New levy on unblended petrol and diesel likely to lead to price hike

The Rs 2 per litre additional excise duty proposed on unblended fuels in the Finance Bill will result in a uniform hike of diesel prices across the country from October 1.

India to double down on oil, gas exploration: Hardeep Singh Puri

The world's third-largest energy consumer will continue to rely on hydrocarbons to meet its growing energy needs in the foreseeable future, he said

Petroleum ministry pulls up oil firms for allocation of fewer petrol pumps

The petroleum ministry has asked oil companies to consider revision of dealer margins on Rajasthan HC directive.

Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms

Production at Mumbai High and Bassein & Satellite offshore assets under state-owned firm is low, says letter by petroleum ministry.

Oil companies now have 1,607 door-to-door fuel pumps: Petroleum Ministry

Till now door step delivery of fuel has been restricted to diesel because it is considered less volatile and hence safer than petrol

Hardeep Singh Puri takes charge of Petroleum Ministry and Natural gas

He has relinquished the portfolio of civil aviation but still holds the Housing and Urban Affairs Ministry.

Congress seeks resignation of petroleum minister over barge tragedy

Maharashtra Congress demanded the resignation of Petroleum Minister Dharmendra Pradhan on moral grounds over the death of 37 personnel on board a barge that sank in the Arabian Sea

Need to hike localisation in oil & gas: Petroleum secretary Tarun Kapoor

Kapoor gave the example of gas meters and said there was currently not enough capacity in the country to manufacture them

Need for more indigenisation of India's oil and gas sector: Petroleum secy

Kapoor gave the example of gas meters and said that presently there is not enough capacity in the country to manufacture them

Pradhan flags off equipment for Indian Oil's MEG Plant at Paradip

Union Petroleum Minister Dharmendra Pradhan on Monday flagged off from L&T's Hazira plant in Surat district critical components bound for Indian Oil's MEG (mono-ethylene glycol) plant coming up at the refinery-cum-petrochemical complex at Paradip in Odisha. During his visit to Surat in Gujarat, the minister flagged off the equipment from the engineering and construction giant Larsen & Toubro's Hazira plant. "Flagged-off indigenously manufactured critical components from L&Ts Hazira manufacturing facility to @IndianOilcls MEG (mono-ethylene glycol) plant coming up at the refinery-cum- petrochemical complex at Paradip in Odisha," Pradhan tweeted after the visit. In a series of tweets, the Union Minister said the delivery of three super critical equipment -- Ethylene Oxide Reactor, Wash Tower and De-ethyleniser -- "will be a significant stride in the commissioning of the MEG project at Paradip refinery" and will help reduce MEG imports and also enhance the competitiveness of .

Petroleum minister Pradhan asks domestic cos to tap global majors for tech

Says his ministry plans to set up a separate body for data management in the sector, along the lines of Mineral Exploration Corporation

Petroleum ministry says it supports including natural gas under GST

Decision that has to be taken by the GST council, says senior civil servant.

PM Narendra Modi to dedicate three petroleum sector projects in Bihar today

Prime Minister Narendra Modi will dedicate three projects of the Petroleum Sector in Bihar to the nation on Sunday via video conferencing.The projects include the Durgapur-Banka section of the Paradip-Haldia-Durgapur Pipeline Augmentation Project and two Liquified Petroleum Gas (LPG) Bottling Plants. They have been commissioned by IndianOil and Hindustan Petroleum Corporation Limited," according to an official statement.Union Petroleum Minister Dharmendra Pradhan had posted on his Twitter: "Hon'ble Prime Minister Shri Narendra Modi is committed to ensure(ing) Bihar's emergence as the nerve centre of Aatma Nirbhar Bharat Abhiyan. To make a prosperous and Ujjwal Bihar, PM Modi Ji will dedicate to the nation, three key oil and gas projects on 13th September 2020."The video conferencing would take place at 12 pm today.Chief Minister of Bihar Nitish Kumar would also be present on the occasion.The LPG Bottling Plant at Banka, is expected to meet the rising demand for LPG in Bihar."This ...

IOC, ONGC implementing projects worth Rs 3.57 trn to boost economy: Govt

Oil Minister Dharmendra Pradhan and other senior officials of the ministry "reviewed the ongoing oil and gas projects started by PSUs since the resumption of economic activities from April 20, 2020"

CBI charges Videocon's Venugopal Dhoot, bankers with 'criminal conspiracy'

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

Petrol, diesel prices inch close to Rs 80 mark after 17th hike in a row

The price of petrol is increased by 20 paise a litre while that of diesel by 55 paise a litre