Gail India has protested Petroleum Minister Mani Shankar Aiyar's plans to open up laying of natural gas pipelines to the private sector, saying competition cannot protect consumer interest.
The Union government on Thursday ruled out any increase in the prices of petrol and diesel despite the surge in global crude prices.
Petroleum Minister Mani Shankar Aiyar will visit Pakistan in the second fortnight of May to discuss modalities of Iran-India gas pipeline besides other areas of cooperation in the hydrocarbon sector.
The party also wanted an immediate restoration of Veer Savarkar's plaque at the Cellular Jail memorial.
The Veer Savarkar issue rocked both Houses of Parliament for the third consecutive day on Thursday as the Shiv Sena and Bharatiya Janata Party members demanded an apology from Petroleum Minister Mani Shankar Aiyar.
Petroleum Minister Mani Shankar Aiyar on Thursday held discussions with chief executives of public sector oil companies to explore the possibility of merging BPCL and HPCL with ONGC and OIL with IOC to create two oil behemoths.
Petroleum Minister Mani Shankar Aiyar will visit Pakistan on March 15 and 16 to attend the SAARC Energy Ministers' meeting and hold talks with Pakistan on the India-Iran trans-national gas pipeline.
The government said on Wednesday that it was considering public sector oil companies' request for hiking security deposit on LPG cylinders from Rs 650 to Rs 1000 but clarified that there was no freeze on issuance of new connections.
Public sector oil firms spent over Rs 800 crore (Rs 8 billion) on advertisements during the last three years with Indian Oil Corp topping the list with an expenditure of Rs 275.35 crore.
India may ink an agreement with Iran in June this year on the import of natural gas through a $4.5 billion pipeline transiting through Pakistan.
Petroleum Minister Mani Shankar Aiyar will take up Oil and Natural Gas Corp's proposal to acquire 15-20 per cent stake in embattled Russian firm Yukos' core asset, Yuganskneftegaz, when he meets his Russian counterpart in Moscow on February 21.
'His prestige would have been enhanced by a show of mea culpa and not diminished,' says Amulya Ganguli
The government on Thursday ruled out any rollback in hike in prices of petrol and diesel, saying a number of steps had been taken to contain the burden of increase on consumers.\n\n
The government is considering giving public sector oil firms limited freedom in fixing petrol and diesel prices by setting a price band.
Notwithstanding the demand of the Left parties, Petroleum Minister Mani Shanker Iyar on Friday asserted that there would be "no rollback" of the hike in petro products prices.
Petrol and diesel prices are unlikely to be reduced in line with falling international prices as the government is working on a stable pricing regime.
Oil and Natural Gas Corp is spending 93 per cent of its total capital expenditure of Rs 10,850 crore (Rs 108.50 billion) in the current fiscal on its core activities of oil and gas exploration and production, according to its chairman and managing di
In a clear move to protect consumers from hardening global oil prices, the government will announce by June 15 a new pricing policy for petrol, diesel and LPG that may include lower duties and targeted subsidies.
The government will allow exploration firm Oil and Natural Gas Corporation and Gas Authority of India to market domestic LPG to increase penetration of cooking fuel to 75 per cent of the population.
Petroleum Minister Mani Shankar Aiyar on Tuesday hinted that the system of fortnightly revision of petrol and diesel prices is likely to be replaced with monthly or quarterly revisions.
Petrol and diesel prices will go by Rs 2.50 and Rs 2 per litre respectively.
India on Monday sought fuel from Qatar to restart the $2.9-billion Dabhol power project in Maharashtra.
Central Reserve Police Force personnel posted at the entrance did not recognise the new petroleum minister.
India may dump Iran for Yemen and Qatar as a possible source of liquefied natural gas after the ministerial level talks failed to finalise a deal for New Delhi to buy five million tonnes of LNG.
But party seeks to streamline the process, dealing with issues in an 'integrating' manner
Petrol may become cheaper by Re 0. 40 per litre from December 1, following a fall in international oil prices.
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