The oil ministry?s intent to give priority to the power sector for allocation of gas has raised an alarm in…
State-owned oil refiners IOC, HPCL and BPCL are fast losing out on their competitive strength against private sector rivals Reliance…
The Centre has come down hard on domestic oil exploration firms for missing their production targets according to the minimum…
The government has proposed yet another imported coal-based ultra mega power project in Gujarat, even though the fate of the…
India is set to join a select group of countries having a specialised agency mapping its shale gas potential.
The finance ministry has calculated the oil subsidy for 2013-14 on the basis of estimating under-recoveries through ?100% export parity…
Last week?s 45 paise per litre increase in diesel prices bore out the government?s plan announced a month ago to…
The C Rangarajan committee?s proposal to nearly double the domestic price of natural gas, if implemented, could adversely affect the…
Oil India, one of country’s two public sector oil exploration firms, plans to complete two foreign acquisitions by December and…
Ever since the ban on Iranian oil imports by European Union nations came into effect in February 2012, Indians oil…
Despite Thursday?s terse government directive, public sector oil marketing companies are unlikely to be allowed to nullify their under-recoveries on…
Faced with a hefty bill of close to R1 lakh crore this fiscal towards compensating oil marketing companies on selling…
Burdened with the task of containing fiscal deficit, the finance ministry has rejected the oil ministry’s proposal to reduce the…
Alarmed by the Rs.1.7-lakh-crore oil subsidy demand for this fiscal, the finance ministry has decided to revisit a suggestion made…
The year 2012 was a bad one for India?s energy sector. It started with the announcement by Reliance Industries that…
With average crude prices hovering around $110/barrel, the Centre has estimated under-recoveries for oil marketing companies at R1,68,000 crore for…
The petroleum ministry has sought from the finance ministry immediate release of R13,600 crore towards oil subsidy for the first…
Wants govt to reimburse Rs 6,000-crore interest burden on borrowings.
