India should buy overseas assets aggressively: Pradhan

Last Updated: Wednesday, September 9, 2015, 12:43

Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.

Govt to fix formula for premium on gas pricing soon: Pradhan

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.

India signs pact to lay oil pipeline to Nepal

Last Updated: Monday, August 24, 2015, 18:54

India Monday signed an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

Pradhan to sign MoU for oil pipeline with Nepal

Last Updated: Sunday, August 23, 2015, 18:07

Oil Minister Dharmendra Pradhan is visiting Kathmandu this week for signing of an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

Govt to announce new gas price formula for 'difficult fields'

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.

Govt caps kerosene subsidy at Rs 12/litre, LPG at Rs 18/kg

Last Updated: Monday, August 10, 2015, 13:52

Government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said Monday.

Govt moots single entity for oil sector safety, installations

Last Updated: Tuesday, August 4, 2015, 20:14

With four agencies under different ministries being responsible for safety of oil installations, Petroleum Minister Dharmendra Pradhan Tuesday mooted bringing them under one umbrella organisation by enacting a new law.

Govt recovers Rs 368 crore additional profit from RIL

Last Updated: Monday, August 3, 2015, 17:28

Government has recovered nearly a third of the USD 195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said Monday.

10-time jump in FDI in petroleum and gas sector

Last Updated: Monday, August 3, 2015, 15:21

Union Minister Dharmendra Pradhan, while replying to questions, said the government is encouraging foreign investment to supplement domestic investment and technological capabilities.

India to benefit from oil price fall post-Iran deal: Pradhan

Last Updated: Wednesday, July 15, 2015, 14:14

International oil prices will come down with the imminent lifting of sanctions against Iran and benefit India, Petroleum Minister Dharmendra Pradhan said Wednesday.

Oil Minister to lead delegation on energy dialogue with Canada

Last Updated: Friday, July 3, 2015, 20:54

The three-day bilateral energy dialogue, which beganon Friday, covers areas like hydrocarbon, thermal energy and renewable energy, an official statement said here.

Only 0.35% domestic LPG users gave up subsidy

Last Updated: Sunday, June 21, 2015, 11:51

Three months after Prime Minister Narendra Modi launched the 'Give It Up' campaign, only 0.35 per cent of the domestic LPG consumers have so far given up using subsidised cooking gas.