The government has approved a Rs 450.15 crore package for marine fishermen, including a Rs 1.50 per litre rebate on diesel and subsidy on fishing vessels.
India's share from oil fields abroad where it has taken equity stake, will spiral more than three-folds to 13 million tonnes of crude by 2007, Petroleum Minister Ram Naik said on Thursday.
Petrol and diesel will cost less in coastal areas than inland locations if Petroleum Minister Ram Naik approves a differential pricing policy
The government will take up the issue of decontrol of gas price at the time of framing a long-term Gas Pricing Policy, Petroleum Minister Ram Naik informed the Rajya Sabha on Tuesday.
In an era of deregulation and dismantling of the government-dictated pricing system, Power Minister Anant Geete wants the Centre to regulate the otherwise free liquefied natural gas imports, its pricing and the quantity and place of import.
The multinational oil firm, however, is required to furnish a Rs 500 crore bank guarantee to the government.
With a view to avoid recurrence of last week's militant attacks at Digboi refinery and a gas pipeline in Assam, the government will tighten security at all key oil installations, Petroleum Minister Ram Naik
Petroleum Minister Ram Naik on Friday said oil companies will revise prices of domestic LPG only after Finance Minister Jaswant Singh replied to the Budget debate in Lok Sabha on Tuesday next.\n
The government will offer more than two dozen oil and gas blocks for exploration through competitive bidding under the New Exploration Licensing Policy.
Scottish explorer Cairn Energy has struck an estimated 20 million tonnes of oil and gas reserves in Rajasthan.
PM to deliver keynote address at Petrotech '03
'The BJP alliance needs to handle the Maratha quota issue skilfully and address its root cause, which is agrarian distress. Then there is stalled industrialisation. If these issues are addressed, caste fault lines would wither away. But, this is next to impossible in a short span of three-four months.'
My mind began to churn with questions I had always wanted to ask the prime minister.
The government will set up three refineries in Paradip, Bathinda and Bina during the Tenth Plan period which would increase the crude refining capacity by 24 million tonne, Petroleum Minister Ram Naik said.
Cairn Energy of the United Kingdom has again struck oil in Barmer basin of Rajasthan, Petroleum Minister Ram Naik said on Friday.
The government is considering building a strategic storage of crude oil to provide for a 45-day cover, Lok Sabha was informed on Thursday.
India will take a decision on freeing the pricing of heavily subsidised gas by July, Petroleum Minister Ram Naik told a gas industry seminar in Mumbai on Wednesday.\n\n\n\n
India has emerged as the world's biggest cylinder-based liquefied petroleum gas user with the customer base crossing 7 crore (70 million mark), Petroleum Minister Ram Naik said.
British oil and gas major BG Group Plc on Monday committed to investing more in oil and gas exploration in India and setting up LNG import project.
There was no question of speaking with Pakistan on the proposed Indo-Iran oil pipeline as Tehran and New Delhi have decided to undertake a feasibility study for an offshore pipeline
Australia on Tuesday offered to sell LNG to India even as it said that high tariffs in several areas including coal and wool were proving prohibitive in increasing two-way trade.
Public sector oil companies paid Rs 2,687 crore (Rs 26.87 billion), on Thursday, to the government as interim dividend for 2002-03 to bridge its fiscal deficit target.\n\n\n\n
Petroleum industry Friday demanded abolition of 5 per cent customs duty on imported LNG and a uniform 4 per cent sales tax on LNG throughout the country to promote its use.
New fuel to cost 15-20 paise less per litre
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corporation, will acquire 11 per cent stake in a 744 million barrel oil field in Sudan for $125.4 million.
The 266-page report, submitted by the PWD to Uttar Pradesh government on Thursday, extrapolates that most of the disfigurement in the state property was caused to tiles, sanitary and electrical equipment fitted in the house.
Government on Tuesday approved the proposals of Oil and Natural Gas Corporation and Indian Oil Corporation to offer voluntary retirement to their surplus staff.
India plans to complete by 2006 a 180,000-bpd refinery, which has been under a cloud because of the proposed privatisation of the company that is building it, Oil Minister Ram Naik
The government on Wednesday ruled out any hike in the prices of LPG and kerosene in the face of war threats hovering over Iraq but said deposit money for LPG cylinders might come down in a couple of days.
Rs 170,000 cr investment in oil sector likely
His outburst came a day after UP Governor Ram Naik asked the state government to take action over the reported damage to the bungalow vacated by the former chief minister, calling it a serious matter involving the taxpayer's money.
Ram Prasad, the accused, allegedly carried out the act early on Sunday morning, they said, adding the arrest was made after the post-mortem report found death by strangulation and burns.
The government will sell its remaining 26 per cent stake in IBP Co Ltd through a public offer this fiscal besides offloading 10 per cent equity in Oil and Natural Gas Corporation and Gail (India) Ltd to raise Rs 15,000 crore.
The government on Tuesday increased the distributors' commission on domestic cooking gas (LPG) by 38 paise on a 14.2 kg cylinder and by 20 paise on a 5 kg cylinder, resulting in an equivalent increase in the prices of the fuel.
