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.
Petroleum Minister Mani Shankar Aiyar on Thursday denied having presented to the Cabinet a proposal for raising LPG and kerosene prices.
Aggressive bidding between the two Asian giants in acquiring foreign assets have cost Beijing billions of extra dollars.\n
"While there may be scope for improving the grammar and the language, let us get to the substance of the issue," he told Karan Thapar in an interview for CNN-IBN's Devil's Advocate show.
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.
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.
Petroleum Minister Mani Shankar Aiyar will present options, including raising prices of LPG and kerosene for the rich, to bridge the vast gap between the cost of fuel and their current retail price
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.
India will step up efforts to find new oil and gas fields as the country's largest oil producer Oil and Natural Gas Corporation expects output from its existing fields to drop sharply in next few years.
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 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 MPs took the Swarna Shatabdi Express to Amritsar and will cross the border at the Wagah check-post in the afternoon.
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.
BJP's women's wing on Wednesday sent a saffron saree to Union Petroleum Minister Mani Shankar Aiyar for his reported remarks that women should cut down the purchase of sarees and going to the cinema.
The Union government on Thursday ruled out any increase in the prices of petrol and diesel despite the surge in global crude prices.
The government on Monday said it would overcome the problem of LPG shortage in the country by Diwali.
Public sector oil firms will purchase bio-diesel extracted from plants like Jatropha for mixing in diesel, at Rs 25 a litre beginning January 1.
India on Tuesday said its vote against Iran's nuclear plans will not affect the prospects of the proposed $7.4 billion Iran-Pakistan-India gas pipeline and its $22 billion deal to import LNG from Tehran.\n\n
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.
Diesel to cost Rs 2 per litre more, but there will be no increase in LPG and kerosene prices.
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.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after Game 61.
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.
These protests helped the BJP, but it also helped the communal outfits, Ramesh said.
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.
The government is considering giving public sector oil firms limited freedom in fixing petrol and diesel prices by setting a price band.
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