Government on Tuesday said it was considering whether to increase prices of petrol and diesel due to increase in international crude oil prices.
Petroleum minister Mani Shankar Aiyar on Wednesday ruled out hiking petrol and diesel prices in step with the firming up of international oil prices and the increase in excise duties.
The government is mulling divesting a minority holding in oil exploration firm Oil India Ltd but no decision has been taken on the mode of sale, Petroleum Minister Mani Shankar Aiyar said on Wednesday.
Both the Lok Sabha and Rajya Sabha were adjourned for nearly two hours.
Diesel to cost Rs 2 per litre more, but there will be no increase in LPG and kerosene prices.
He has been given time till March 15.
India's oil major ONGC has signed a memorandum of understanding with Russia's Gazprom, paving the way for their possible joint bidding for global energy assets.
Close on the heels of initiating a dialogue with Iran and Myanmar on importing gas through onland pipelines, Petroleum Minister Mani Shankar Aiyar will soon visit Turkmenistan and Afghanistan to explore the possibility of bringing natural gas from Ce
The government has allowed Reliance Industries Ltd and Mangalore Refineries and Petrochemicals Ltd to sell kerosene outside the public distribution system, Petroleum Minister Mani Shankar Aiyar said on Thursday.
The group of ministers' meeting on Tuesday on raising natural gas price for fertilizer and power units and setting up a regulator for the oil sector remained inconclusive.
Concerned over the huge losses to oil PSUs including Indian Oil Corp in the absence of suitable revision in petro product prices, Petroleum Minister Mani Shankar Aiyar on Monday said he would raise the issue at the Union Cabinet.
Aiyar might visit Mumbai on Wednesday night and take stock of the situation.
The government on Tuesday categorically said that the United States had not any objections on the Iran-Pakistan-India gas pipeline project with New Delhi.
Petroleum Minister Mani Shankar Aiyar on Tuesday denied any differences within the government on the $4.16-billion Iran-Pakistan-India gas pipeline and said New Delhi was going ahead with the project as scheduled.
The Cabinet Committee on Economic Affairs on Thursday approved ONGC Videsh Ltd's proposal to lay a $200 million petroleum product pipeline in Sudan.
Finance Minister P Chidambaram on Friday discussed the issue of petrol and diesel pricing with Prime Minister Manmohan Singh.
India's Petroleum Minister Mani Shankar Aiyar has predicted that the 'oil bubble' will burst soon.\n\n
Sonia Gandhi on Sunday hosted her first Iftar in three years, which saw the Congress president sharing a table with leaders of RJD and its new-found ally Janata Dal-United.
Public sector oil companies lost Rs 9800 crore (Rs 98 billion) in the first six months of 2004-05 fiscal for selling petroleum products below the import cost, Petroleum Minister Mani Shankar Aiyar said on Tuesday.
Pakistan, "for the time being", does not want to import diesel from India either through land or sea route, owing mainly to its "higher rates".
Petroleum ministers from major oil producing countries will meet in New Delhi on January 6 as part of India's initiative to tackle the surging global oil prices, Petroleum Minister Mani Shankar Aiyar told the Rajya Sabha on Wednesday.
It would be best that Rahul remains party chief, but at the same time, Rahul's own wishes must also be respected, Aiyar said.
The government will offer 20 oil and gas exploration blocks in the fifth round of bidding under the New Exploration Licensing Policy in January 2005, Petroleum Minister Mani Shankar Aiyar said on Friday.
India on Wednesday said the $4.16 billion Iran-India gas pipeline passing through Pakistan will have to be considered as a part of wider economic and trade cooperation between New Delhi and Islamabad.
Indian power expertise to Sudan for oil, gas blocks
Ahead of Pakistan Prime Minister Shaukat Aziz's visit to New Delhi later this month, India has formally asked Pakistan to remove diesel from its negative list and permit its imports from Gujarat and Haryana through land and sea routes. \n
Petroleum Minister Mani Shankar Aiyar will visit Pakistan from June 3 to boost energy ties and discuss the $4.16 billion Iran-India gas pipeline project.\n\n
petroleum minister has announced that fuel prices would not be hiked and talks with allies on the issue were on.
China on Wednesday said it was open to Indian oil firms investing in oil and gas exploration in the Communist country.
The finance ministry has rejected a cut in duties to avoid an increase in petro prices even as Petroleum Minister Mani Shankar Aiyar will begin a consensus-building exercise within the UPA for a fuel price hike.
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