The minister recalled the central government had in October last year reduced the excise on fuel by Rs 2 per litre keeping in view the interest of the poor people, adding the Centre is looking at both short and long term solutions this time.
In Mumbai, petrol touched an all time time of Rs 84.99 per litre, while diesel was being sold at Rs 77. 76 per litre. Both the major petroleum products witnessed a hike of 29 paise per litre and 28 paise per paise per litre respectively.
Amid the “crisis situation” created by rising fuel prices, BJP President Amit Shah on Tuesday said that the Centre taking the issue of oil prices seriously, and that it is working out on a formula to reduce the rates.
Awards from the 9th CGD licensing round would help bring gas coverage to 174 districts in 22 states and Union Territories, covering 29 per cent of the country's area and 24 per cent of the population, Pradhan said.
Both the central and state governments have started making up their mind in this regard, he said. Petroleum products are out of GST ambit which was rolled out in July last year.
“India’s refining capacity must increase to about 600 million tonnes by 2040, from about 247 million tonnes currently. We have to add 20 million tonnes in every two-three years to achieve the target,” Pradhan said.
India will send three lakh youth to Japan for on-job training for 3-5 years as part of the government's skill development programme.
The Oil minister said the government will soon come up with a gas trading platform.
India will offer foreign investors USD 300 billion worth of investment opportunities in energy projects over the next decade, Oil Minister Dharmendra Pradhan said today.
India today pressed oil cartel OPEC to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination
Petroleum Minister Dharmendra Pradhan on Wednesday urged the state governments to cut Value Added Tax (VAT) on fuel by 5 per cent
The cost of diesel touched a lifetime high of Rs 59.14 per litre in capital Delhi on Tuesday.
Pradhan Mantri Sahaj Bijli Har Ghar Yojana 'Saubhagya' launched on the birth anniversary of Hindutv icon Deendayal Upadhyaya will entail free electricity connections to poor households, PM Modi said.
Dharmendra Pradhan attributed the recent hikes in fuel prices to the market fluctuations caused by the hurricanes Irma and Harvey in the US that caused market fluctuations.
The Ministry of Petroleum has requested the Ministry of Finance to bring petroleum products under the ambit of GST, Oil Minister Dharmendra Pradhan said today.
Oil Minister Dharmendra Pradhan on Wednesday ruled out government intervention to disrupt the daily revision in petrol and diesel prices despite Rs 7.3 per litre spike in rates since July, saying the reform will continue
The major revamp of the Narendra Modi government recognised the works of Ministers of State Piyush Goyal, Dharmendra Pradhan, Nirmala Sitharaman and Mukhtar Abbas Naqvi
Union Oil Minister Dharmendra Pradhan today assured that the subsidy on LPG cylinder for domestic use for the poor will continue.
Piyush Goyal added that it was after 2014, when Narendra Modi led government assumed office that the green energy and bio fuel received wings.
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