Last Updated: Friday, August 28, 2015, 19:26
Petroleum Minister Dharmendra Pradhan on Friday said the government would soon finalise a formula to calculate premium on gas pricing for difficult blocks.
Last Updated: Sunday, August 16, 2015, 21:14
Natural gas prices in India may, from October 1, fall below USD 4.2 per unit, a rate that was used last year to devise a new pricing formula to incentivise domestic exploration.
Last Updated: Monday, August 10, 2015, 17:55
Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said Monday.
Last Updated: Wednesday, July 1, 2015, 05:02
Ukraine has announced the immediate suspension of all Russian gas purchases after EU-mediated negotiations aimed at keeping supplies running for at least three more months broke down.
Last Updated: Monday, June 29, 2015, 16:55
Reliance Industries may defer development of R-Series and other satellite gas fields in the eastern offshore KG-D6 block if the gas price outlook was uncertain, its junior partner Niko Resources of Canada said.
Last Updated: Tuesday, May 26, 2015, 19:45
Gas price pooling to make available feedstock fuel to urea making fertiliser plants at a uniform rate will come into effect from July 1, the Oil Ministry said.
Last Updated: Monday, May 25, 2015, 18:19
Iran will raise gasoline prices by some 40 percent, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some USD 32 billion a year.
Last Updated: Thursday, May 7, 2015, 16:43
Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.
Last Updated: Friday, May 1, 2015, 11:49
The reduction comes on the back of two successive hikes - Rs 5 on March 1 and Rs 11 on April 1.
Last Updated: Tuesday, April 21, 2015, 23:21
Hitting back at Rahul Gandhi for his 'suit-boot' government comment, Oil Minister Dharmendra Pradhan Tuesday said the previous UPA regime had approved a gas price of USD 9 for firms like Reliance Industries without bothering about its impact on the common man.
Last Updated: Thursday, April 2, 2015, 19:36
The near 8 percent cut in domestic natural gas price will help bring down urea subsidy bill by Rs 930 crore, India Ratings & Research (Ind-Ra) has said.
Last Updated: Tuesday, March 31, 2015, 16:50
Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.
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