News for 'oil-industry-development-board'

Govt may use reserve oil funds to finance fertiliser subsidy gap

For the first time, the government is likely to dip into the Oil Industry Development Fund (OIDF) to finance part of its fertiliser subsidy programme for 2025-26, according to official sources. The finance ministry has accounted for Rs 23,000 crore in the FY26 Budget as net additional resources to be drawn from dedicated reserve funds, including the OIDF, the Agriculture Infrastructure and Development Fund, and the Universal Service Obligation Fund.

Oil reserves work suffers set back

How Rs 49,000 cr disappeared into govt coffers

OIL to raise stake in Numaligarh refinery

The State-run Oil India Ltd will raise its stake in Numaligarh Refinery Ltd to 26 per cent to strengthen its position as an integrated oil company.

Emission norms: Panel suggests levy of fuel cess

The panel suggested the cess for BS-IV and BS-V fuels should accrue to the Oil Industry Development Board

India to build 1st strategic oil storage by Jan 2014

India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storage at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.