Oil ministry

Oil India and Hindustan Copper signed a Memorandum of Understanding (MoU) on September 19 to cooperate and collaborate

Oil India diversifies into critical minerals, inks pact with Hindustan Copper

Oil India said that the move is a significant step towards strengthening India’s self-reliance in critical and strategic mineral sourcing.

September 19, 2025 18:33 IST

'India will meet oil needs…', says Hardeep Puri, MEA calls NATO, Trump threat 'double standards' (Image: PTI)

‘100% certainty’: Oil Minister Puri assures LPG compensation for OMCs

State-run oil marketing companies are set to receive long-awaited compensation for LPG subsidy under-recoveries, Union Minister Hardeep Singh Puri confirmed.

July 2, 2025 10:31 IST

Vedanta, Iran-Israel war, Middle East crisis, Hardeep Singh Puri, oil & gas sector, domestic manufacturing, energy needs, global oil prices, hydrocarbon reserves, government policies, Strait of Hormuz

Middle East crisis: Why is India’s oil dependence a risk again? And what Vedanta’s Agarwal thinks should change

Amid escalating tensions in the Middle East and fears of supply disruption, Vedanta Chairman Anil Agarwal has called for a…

Updated: June 25, 2025 11:59 IST

India achieved 20% ethanol blending target six years early: Oil Minister Hardeep Singh Puri

India hits 20 per cent ethanol blending milestone in early 2025, saving Rs 1.5 lakh crore and boosting clean energy…

June 19, 2025 19:04 IST

Oil prices dip as Israel-Iran conflict continues, India assures fuel supply is stable

Brent Crude slips 1%, all eyes on output from Iran; India’s Petroleum Minister assures, ‘no need to worry’

Global oil prices have fallen following Israel-Iran tensions, though supply routes remain unaffected. Indian Oil Minister Hardeep Singh Puri says…

Updated: June 16, 2025 16:52 IST

OMCs, oil companies, price hike, LPG prices, excise duty, petrol, diesel, compensation package, oil ministry, inventory

Oil companies may mop up Rs 9000 crore via LPG price hike, higher petrol, diesel excise duty

According to CNBC TV18, state-run OMCs — Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil…

April 8, 2025 11:10 IST

Jefferies says ONGC to jump 50% in 1 Year: 4 reasons why

Jefferies reiterates Buy on ONGC as it expects gas price reforms and contract with BP to improve margins and productivity.…

Updated: March 28, 2025 16:53 IST

12,206 km of gas pipeline under various stages of construction: Oil ministry

Out of the 33,592 km, 23,173 km pipelines including spur lines, tie-in connectivity, sub-transmission pipelines (STPL) and dedicated pipelines are…

July 28, 2023 05:15 IST

Global interest in India’s clean energy: Hardeep Singh Puri

PSUs are the game changers for ensuring a smooth green hydrogen economy transition, he said, adding that they have targeted…

July 8, 2023 04:00 IST

natural gas pricing, gas price, oil price, crude oil,

Oil & Gas: Long-term benefits to CGDs unlikely

Cabinet approves Kirit Parikh Committee’s gas pricing suggestions

April 11, 2023 05:50 IST

Oil, oil imports, Crude oil, Russian oil, Iraq, Oil supply, Economy

India’s Russian oil imports now double of Iraq

Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries,…

April 9, 2023 11:39 IST

Nick Walker named Cairn Oil & Gas CEO

Nick Walker is appointed the chief executive officer of Vedanta’s Cairn Oil & Gas, India’s largest private oil and gas…

January 20, 2023 03:05 IST

Since holding of the prices benefited the economy in terms of not add to the already high inflation rate, there is a case for the oil marketing companies (OMCs) to be compensated, he said.

Oil Ministry to seek compensation for petrol, diesel losses

The oil ministry will calculate the likely losses for the entire fiscal year before approaching the finance ministry for the…

December 2, 2022 17:32 IST

OIl, Russia, India, Oil supply, Crude OIl, Crude, Ukraine, Oil MInister, Oil Import, Economy

Russia becomes India’s top crude oil supplier in October

Russia supplied 935,556 barrels per day (bpd) of crude oil to India in October — the highest ever.

November 6, 2022 16:25 IST

oil companies, indian oil companies, oil cos capex,

State-run oil cos lag in capital expenditure for 2022-23

Import dependency of crude oil rose to 86.5% during the April-August period of the current fiscal compared with 84.9% in…

September 30, 2022 04:50 IST

Puri said: "Our present focus is on ensuring that we get access to energy at secure and affordable prices. That is the main thing".

Oil marketing companies seeking ‘relief’ as under-recoveries mount: Hardeep Singh Puri

Retail fuel prices have been on hold over the last seven weeks, even though crude prices continued to remain elevated.…

June 3, 2022 03:00 IST

In retaliation to the Russian attack, the United States, the European Union, Britain, Australia, Canada and Japan have announced sanctions targeting Russian banks and wealthy individuals while Germany halted a major gas pipeline project from Russia.

Oil at $103: No fears of supply disruption to India, prices a concern

Petrol costs Rs 95.41 a litre in Delhi and diesel is priced at Rs 86.67. This price is after accounting…

February 24, 2022 17:24 IST

India currently relies on imports to meet 85 per cent of its oil needs and 50 per cent of the natural gas requirement. (File/IE)

India to double down on oil, gas exploration, says 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…

February 4, 2022 15:38 IST

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Equity MFs deploy Rs 400-crore cash in September

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Mutual funds allocated Rs 400 crore from cash balances in September, led by Kotak MF, Nippon India MF, and Quant MF. Some schemes increased cash buffers, while others showed a tilt towards equity.

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