ATF costs less than petrol, diesel: Dharmendra Pradhan

Last Updated: Wednesday, February 25, 2015, 17:51

While jet fuel (ATF) in Delhi costs Rs 46,513.03 per kilolitre or Rs 46.51 per litre, petrol is priced at Rs 57.31 a litre. Diesel costs Rs 46.62 a litre.

Consumers were benefitted first; petrol excise duty came later: OilMin

Last Updated: Wednesday, February 25, 2015, 17:28

Under attack for hiking excise duty on petrol and diesel, government today said the step was taken to save money for developmental works after "substantial" benefits of reducing global crude prices were passed on to consumers by effecting price cuts.

OilMin suspends ONGC technical director Shashi Shankar

Last Updated: Tuesday, February 24, 2015, 16:09

The Oil Ministry has suspended ONGC's Director (Technology and Field Services) for alleged irregularities in an awarded Rs 23 crore tender of 2011, the first such action against a director since the company was listed two decades ago.

RIL shares dip as staffer detained in govt documents leak case

Last Updated: Friday, February 20, 2015, 13:39

Shares of Reliance Industries on Friday witnessed selling pressure, falling over 3 percent, in an overall weak stock market after Delhi Police had yesterday detained a RIL staffer in connection with alleged official document theft in the oil ministry.

GAIL LNG tender to ferry gas from US finds no bidder

Last Updated: Thursday, February 19, 2015, 14:23

After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any bidder for its USD 7 billion tender to hire newly-built LNG ships to ferry gas from the US.

OilMin moves proposal to pool gas price for fertiliser plants

Last Updated: Wednesday, February 18, 2015, 18:34

After power, the Oil Ministry has moved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertilizer plants to make the cost of fuel uniform and affordable.

RIL challenges oil ministry taking away 5 gas finds

Last Updated: Wednesday, February 11, 2015, 13:29

Reliance Industries has slapped an arbitration notice challenging oil ministry's decision to take away 814 square kilometer of its eastern offshore KG-D6 area that contained five gas discoveries.

Oil Ministry seeks Rs 22,101cr in fuel subsidy for H2 2014-15

Last Updated: Thursday, February 5, 2015, 15:38

Oil Ministry has sought Rs 22,101 crore in fuel subsidy for the second half of current fiscal so as to almost exempt oil producers ONGC and Oil India Ltd from any payments.

Oil Ministry cuts gas supplies to Gujarat to meet CNG, PNG demand

Last Updated: Wednesday, February 4, 2015, 19:37

Months after effecting drastic cut in natural gas supplies to small industries in Gujarat, Oil Ministry has admitted that small consumers were bracketed with priority sector users like fertiliser and power by the Cabinet but were deprioritised at departmental level.

Oil Min wants to recoup KG-D6 profit share from Panna fields

Last Updated: Sunday, February 1, 2015, 11:34

The Ministry believes RIL has to remit additional profit petroleum of USD 195 million to the government after USD 2.376 billion in KG-D6 expenditure was disallowed for output lagging targets.

Oil Min moots introduction of 'save fuel' lessons in textbooks

Last Updated: Monday, January 19, 2015, 21:50

Oil Minister Dharmendra Pradhan has mooted the idea of introducing lessons in fuel conservation in textbooks on the lines of environment studies to instill the habit of saving the scarce resource.

'Proposal to stop kerosene subsidy to households with power'

Last Updated: Monday, January 12, 2015, 16:07

The government has received a proposal to keep households that are getting regular supply of electricity out of subsidised kerosene sales, Oil Minister Dharmendra Pradhan said Monday.