Gas price hike will benefit govt, says Moily

Last Updated: Friday, July 5, 2013, 22:26

Stoutly defending the hike in gas prices, Oil Minister M Veerappa Moily Friday said the move would benefit the government in terms of revenue as many gas discoveries have been made by public sector companies rather than private sector.

Moily orders bureaucrats to clear pending cases or face action

Last Updated: Thursday, June 13, 2013, 18:49

With indecision in past 2-3 years holding up investment, Oil Minister Veerappa Moily has ordered bureaucrats to clear pending cases or face action.

Sudan to halt South Sudan oil transit

Last Updated: Sunday, June 9, 2013, 09:39

Sudan’s oil minister has told pipeline operators to halt the transit of South Sudanese oil, a ministry official said Saturday.

Oil Min to move EGoM on changing priority of gas supply

Last Updated: Wednesday, March 20, 2013, 17:40

With power plants, involving investments of Rs 100,000 crore, facing closure due to natural gas shortage, Oil Minister M Veerappa Moily on Wednesday said he will move a note for the consideration of high powered ministerial group to change priority of allocation of the fuel as well as pooling price of imported and domestic gas.

Moily asks PM to appoint expert panel to examine fuel pricing

Last Updated: Sunday, February 3, 2013, 10:30

Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue.

RIL, Cairn get nod to explore further in producing fields

Last Updated: Friday, January 4, 2013, 14:56

In his first major decision, Oil Minister M Veerappa Moily has allowed Reliance Industries and Cairn India to explore for oil and gas within the producing fields subject to certain conditions.

Decision making will be expedited: Moily

Last Updated: Tuesday, December 11, 2012, 23:40

Oil Minister M Veerappa Moily Tuesday promised quicker decision making and upholding sanctity of signed contracts as he set a target of cutting India's import dependency to 50 percent by 2017-18.

Review meeting on hike in price of non-subsidised LPG cylinders today

Last Updated: Friday, November 2, 2012, 10:17

Facing stiff opposition, the government on Thursday put on hold the Rs 26.5 increase in price of cooking gas cylinders that consumers buy beyond their quota of six subsidised bottles.

Emphasis will be on quick decisions, investments: Moily

Last Updated: Monday, October 29, 2012, 12:50

To boost energy security and increase oil production in the country, the newly appointed Oil and Petroleum Minister M Veerappa Moily on Monday said the ministry would encourage oil companies to aggressively acquire assets abroad.

RIL shares up 2% as Oil Min promises fast decisions

Last Updated: Monday, October 29, 2012, 12:34

Moily said his priority would be to intensify domestic oil and gas exploration to reduce import dependence that had played havoc with inflation.

Iran says it will make oil embargo ineffective

Last Updated: Sunday, July 15, 2012, 00:03

Iran`s Oil Minister says his office has drawn up plans to make newly tightened sanctions against the Islamic Republic ineffective.

No extra tax on diesel cars without nodal ministry's nod: SIAM

Last Updated: Thursday, June 14, 2012, 13:41

Last week, Reddy had written to Finance Minister Pranab Mukherjee demanding a hike in excise duty on diesel cars ranging between Rs 1.70 lakh and Rs 2.55 lakh to make up for subsidised fuel being used in vehicles.