New Delhi: After unveiling major reforms since BJP's storming to power, Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the economy.In parallel, the Ministry is
New Delhi: Days ahead of its own deadline for the revision of natural gas prices, government today postponed a decision on it by another 45 days to November 15.The NDA government, after coming to power,
New Delhi: The oil ministry is looking at a price of USD 6-6.5 for all domestic natural gas but wants Reliance Industries to sell KG-D6 gas at old rate of USD 4.2 till it makes
New Delhi: The Oil Ministry has returned a bank guarantee of Rs. 509.55 crore submitted by Reliance Industries Ltd (RIL) to get a higher price for natural gas it produces from the eastern offshore KG-D6
New Delhi: The oil ministry is moving the Cabinet to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines. Upstream regulator directorate
New Delhi: The Prime Minister's Office today forwarded to Oil and Petroleum Ministry a letter written by Delhi Chief Minister Arvind Kejriwal in which he has demanded that the decision to hike gas price extracted
New Delhi: Reliance Industries has lodged a strong protest against a government move to snatch away an area containing five gas discoveries, saying the decision was a breach of contract.The Oil Ministry had on October
New Delhi: Finance Ministry has in-principle agreed to a proposal to allow Reliance Industries to raise gas prices from April provided it gives a bank guarantee to cover for liability in case gas hoarding charges
New Delhi: The Finance Ministry has asked all profit-making oil PSUs to pay a minimum 30 per cent dividend in the current financial year. Presently, all profit-making central public sector undertakings ( CPSU) are required
New Delhi: The Planning Commission has warned that imposing a second penalty on Reliance Industries for producing less-than-projected natural gas from its KG-D6 fields could impact investment climate in the same manner as retrospective tax
New Delhi: Domestic cooking gas (LPG) rates may soon go up by almost Rs 3.50 per cylinder in case the government accepts a recommendation for increasing the commission paid to dealers by over 9 per
New Delhi, Feb 2: State gas utility GAIL was conferred the Maharatna status by the government Friday.An oil ministry statement here said Gas Authority of India Ltd. (GAIL) was the third company under the ministry
New Delhi, Nov 30: Government is considering raising cap on supply of subsidised LPG cylinders and a decision will be taken in the “next few days”, Petroleum and Natural Gas Minister M. Veerappa Moily said
New Delhi, Nov 20: The Oil Ministry has withdrawn a note it had circulated to the members of a ministerial panel opposing hike in price of gas produced by Reliance Industries, as the Rangarajan Committee
New Delhi, Jan 27: Oil Minister S Jaipal Reddy today asked Finance Minister Pranab Mukherjee to impose additional excise duty of Rs 80,000 on diesel vehicles and grant 10-year tax holiday for oil and gas
New Delhi, Sep 8 : National auditor CAG (Comptroller and Auditor General)today castigated the Oil Ministry for allowing Reliance Industries to retain its entire eastern offshore KG-D6 block in contravention of the Production Sharing Contract,
New Delhi, July 4: The CBI may ask Oil Ministry to appoint an expert to assist it in understanding transactions surrounding Reliance Industries' crown jewel KG-D6 fields, where the company has shown a phenomenal increase
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