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Petroleum Ministry News

Centre ready to bring fuel under GST, says Petroleum Minister Puri

The minister, however, pointed out that it is unlikely that the states will agree to such a move as liquor…

November 14, 2022 18:10 IST

High city gas prices to cut consumption growth by nearly 15 percent this fiscal: Report

Out of the total city gas volumes, 50 percent belongs to CNG (Compressed Natural Gas) consumers, 10 percent belongs to…

October 5, 2022 11:36 IST

“Also, to incentivise an additional production over preceding year, no cess will be imposed on such quantity of crude that is produced in excess of last year production by a crude producer.,” it said.

Taming twin deficit: Tax imposed on fuel exports, levy on crude doubled

The Indian rupee hit a new all-time low of 79 against the dollar on Friday, amid unabated FPI outflows from…

July 2, 2022 05:00 IST

Petroleum exports from OPEC rise 77%

Crude oil production by OPEC members rose 2.7% to 26.36 million barrels per day in 2021 compared with 25.65 million…

June 29, 2022 03:15 IST

Electronics exports jumped 41% to a record $15 billion in FY22, supported by a 66% jump in despatches of telecom instruments, mainly mobile phones, to $7.7 billion. Exports of textiles, garment and allied products (including cotton) jumped 41% to $42.9 billion in FY22.

Stellar FY22 exports driven by petroleum, farm, metals

Farm exports were driven by a 273% surge in wheat exports to $2.1 billion, 27% rise in non-basmati shipments to…

May 4, 2022 03:30 IST

Rates were last revised on November 4, 2021, when international oil prices were at USD 81-82 per barrel. (File)

India hopes for oil from Iran, Venezuela, higher output from OPEC+ to cool prices

International oil prices had hit a 14-year high of USD 130 per barrel earlier this month before retracting.

March 14, 2022 18:51 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

MoU inked for Rs 100-crore worth projects to develop Badrinath as spiritual township

Addressing the programme organised virtually, Union Petroleum Minister Dharmendra Pradhan said the famous four Himalayan temples (chardham) of Uttarakhand are…

May 6, 2021 19:29 IST

Over The Barrel: Leadership lessons from GV Ramakrishna (GVR) – an exemplar civil servant

GV Ramakrishna recognised the thin line that divided the architects of policy from the preferment of advice. Politicians were elected…

April 5, 2021 06:20 IST

petrol, diesel, crude, refinery, retail price, VAT, excise duty, dealer commission, dealer price, fuel cost, saudi drone attack

Major spike in petroleum, urea subsidies; Modi govt’s subsidy bill jumps by Rs 28,000 crore in first four months

Food, Petroleum, Urea Subsidies: Union government’s petroleum subsidy bill has seen the sharpest hike in the first four months of…

September 8, 2019 23:44 IST

RIL, Reliance, Jamnagar Refinery, Reliance Saudi Aramco Deal

Mukesh Ambani’s Reliance to get a foothold in global petrochemicals market with Aramco deal

Reliance-Saudi Aramco deal: The deal will allow Reliance Industries to get a strong foothold in the petrochemicals market that is…

August 13, 2019 19:35 IST

Would existing gas fields get high rate?

CCEA to decide on the issue shortly

March 3, 2016 01:53 IST

No new cess for cleaner fuels: Petroleum ministry

Expert committee had proposed levy of 75 paise/litre

December 23, 2015 00:51 IST

Clarity in gas pricing has led to investor confidence: Dharmendra Pradhan

Petroleum minister Dharmendra Pradhan talks about the road ahead—from a new regime to auctioning oil and gas blocks.

Updated: May 29, 2015 09:40 IST

Oil ministry dismisses Cairn India export plea

Says PSC doesn’t provide for sales abroad

May 26, 2015 01:21 IST

Petroleum min to scout for new DGH head

The petroleum ministry is set to start the search for a new head of the Directorate General of Hydrocarbons…

May 15, 2015 01:07 IST

Editorial: Fixing the E&P sector

Market-pricing has to be an integral part of this

May 7, 2015 01:16 IST

CAG raps OilMin for letting Reliance Industries charge marketing margin in dollars

Government auditor CAG today criticised the Oil Ministry for allowing Reliance Industries to charge a marketing margin on its KG-D6…

May 5, 2015 19:12 IST

Govt to auction 69 marginal oil fields to private players

The petroleum ministry would soon auction 69 small and marginal fields taken away from PSU firms ONGC and Oil India,…

April 22, 2015 01:15 IST

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13 chargesheeted in petroleum ministry document leaks case

Delhi Police on Saturday filed a chargesheet against 13 persons, including five executives of major corporate houses and a scribe…

April 19, 2015 00:43 IST

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Petroleum Ministry document leak: Police file charge sheet against 13 accused

Delhi Police today filed charge sheet against 13 persons arrested in connection with the Petroleum Ministry document leak case.

April 18, 2015 17:02 IST

OilMin initiates collection of $195 mn penalty imposed on Reliance Industries

The petroleum ministry has started collecting the $195-million penalty it imposed on Reliance Industries Ltd for producing less natural gas…

April 16, 2015 07:00 IST

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Petroleum Ministry Photos

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Petroleum Ministry document leak: Top honchos arrested

February 21, 2015 14:56 IST

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