Moily hints at moderation in diesel price hike

Last Updated: Friday, December 13, 2013, 18:10

Oil Minister M Veerappa Moily Friday hinted that an expert panel call for a Rs 5 a litre hike in diesel and Rs 250 increase in LPG rates will be diluted, saying that a balanced view keeping consumer interest in mind would be taken.

No going back on gas price hikes; notification soon: Moily

Last Updated: Tuesday, November 26, 2013, 17:37

Oil Minister M Veerappa Moily on Tuesday ruled out reversal of the decision to double natural gas prices from April 1 next year and said that the notification on this will be issued shortly.

RIL bank guarantee issue to be resolved in 15 days: Moily

Last Updated: Tuesday, November 26, 2013, 16:00

Petroleum Minister M Veerappa Moily on Tuesday said he is confident of resolving the issue of securing USD 135 million in bank guarantees from Reliance Industries within a fortnight to enable the company to charge higher gas price from April 1.

'Focus on exploratory activity in difficult, less explored areas'

Last Updated: Saturday, November 23, 2013, 17:58

Moily said the Planning Commission has estimated that energy supply has to grow at 6.5 percent per year in the 12th plan period to achieve a GDP growth of nine percent.

I have not done any favour to RIL: Moily tells SC

Last Updated: Friday, November 22, 2013, 19:36

Moily submitted that he was made party in the PILs only for political reasons and pleaded the court to delete his name.

Montek for increasing coal prices

Last Updated: Wednesday, November 20, 2013, 23:20

Speaking at the KPMG Energy Conclave here, Singh said energy in India is under-priced, which has led to distortions in market.

Diesel prices to be deregulated in six months: Moily

Last Updated: Wednesday, November 20, 2013, 14:43

State-owned fuel retailers, who control 95 percent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.

Arunachal organising `Vikas Rally`, Moily to attend

Last Updated: Wednesday, November 13, 2013, 12:43

To highlight the programmes and achievements of the Arunachal Pradesh, a `Vikas Rally` will be organsied by the state government on November 16 at Indira Gandhi Park here.

Union ministers meet PM demanding `justice` for Seemandhra

Last Updated: Monday, November 11, 2013, 16:34

A section of Union ministers from Andhra Pradesh on Monday met Prime Minister Manmohan Singh to convey concerns arising out of bifurcation of Andhra Pradesh and demanded justice for Seemandhra people.

Moily moves Cabinet for operational flexibility

Last Updated: Thursday, November 7, 2013, 20:46

In a significant development, Oil Minister M Veerappa Moily is approaching Cabinet for grant of operational flexibility to help explorers like Reliance Industries and Cairn India start producing oil and gas from 62 discoveries that are mired in contractual disputes.

Moily asks FinMin to cut duties on branded petrol, diesel

Last Updated: Wednesday, November 6, 2013, 16:27

Oil Minister M Veerappa Moily has asked the Finance Ministry to cut duties on branded petrol and diesel that offer better mileage and help cut fuel consumption.