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.
The government is considering giving public sector oil firms limited freedom in fixing petrol and diesel prices by setting a price band.
Union sports minister Mani Shankar Aiyar said India need to stamp out doping if they hope to become a serious medal contender at major championships.
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.
'While the meeting on December 6th was perfectly legal, was it ethical?' asks Colonel Anil A Athale (retd).
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.
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.
Comprising participants from far-off areas, including Manipur, Arunachal Pradesh, Andaman and Nicobar and Jammu and Kashmir, the marchers followed a special team of 85 Army personnel who were horse-back.
The rally will have night stops at Modinagar, Muradnagar and Ghaziabad before entering the capital. One thousand young students from the north-east and Jammu and Kashmir are also taking part in the rally.
Amid the raging Israel-Hamas war, a group of opposition leaders, including MP Danish Ali and former parliamentarians Mani Shankar Aiyar and K C Tyagi, visited the Palestine Embassy in New Delhi on Monday to express solidarity with Palestinians.
Aiyar might visit Mumbai on Wednesday night and take stock of the situation.
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".
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.
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
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.
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.
Petrol may become cheaper by Re 0. 40 per litre from December 1, following a fall in international oil prices.
India is likely to discuss the fate of the proposed $4.16 billion Iran-India gas pipeline during talks with Pakistani Prime Minister Shaukat Aziz next week.
Petroleum Minister Mani Shankar Aiyar on Monday remained non-committal on rolling back the hike in petrol, diesel and cooking gas prices saying the demands for revisiting the decision could only be considered after the Prime Minister returns from The
Asked if petrol and diesel prices would be raised on October 15, the next due date for auto fuel price revision, Aiyar said: "Only God knows and the prime minister know."
The government is unlikely to hike prices of petrol and diesel at the next revision due on August 31 despite the surge in crude oil prices.
Indian Oil Corporation, the country's largest fuel retailing firm, has demanded a hike in security deposit on cooking gas LPG cylinders to Rs 900 in view of the spurt in steel prices.
The government is yet to make up its mind on increasing auto fuel prices and more consultations are likely before a decision is taken on the issue in step with the surge in international crude oil prices.
Singh issued a statement on Monday, listing those who attended the dinner, and stressed that the election was not discussed during the meeting.
Indian power expertise to Sudan for oil, gas blocks
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