News for 'oil-ministry'

CAG seeks pending information on KG-D6 block

CAG seeks pending information on KG-D6 block

Rediff.com22 Apr 2014

The list includes CAG's request dated July 2, 2012 for information on award of contract for laying of a 1,395-km pipeline by Mukesh Ambani-owned Reliance Gas Transportation Infrastructure Ltd for shipping KG-D6 gas from east coast to the west.

PMO seeks status report on gas pricing

PMO seeks status report on gas pricing

Rediff.com21 Apr 2014

The Cabinet Committee on Economic Affairs had first on June 27, 2013, and then on December 19, 2013, decided to price all domestically produced natural gas, including unconventional fuels such as coal-bed methane and shale gas, at an average of international hub rates and the cost of importing liquefied natural gas.

Gas price: New govt may have fresh look at Rangarajan formula

Gas price: New govt may have fresh look at Rangarajan formula

Rediff.com30 Mar 2014

In the January, 2013 Cabinet note on revision of prices of all domestically produced natural gas, the ministry had proposed immediate implementation of the formula suggested by a panel, headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan, for all producers except in cases where the current rate is valid for a certain period.

Time not right for IOC divestment: Ministry

Time not right for IOC divestment: Ministry

Rediff.com1 Oct 2013

The Department of Disinvestment, which is looking at mopping up Rs 40,000 crore (Rs 400 billion) from the sale of shares in public sector units this fiscal, has raised about Rs 1,325 crore (Rs 13.25 billion) so far.

BP, Niko to formally join RIL arbitration against India

BP, Niko to formally join RIL arbitration against India

Rediff.com19 Mar 2014

Sources said the Cabinet had in December last year stipulated that the new gas rate will apply to all producers excepting eastern offshore KG-D6 block where the contractor, which is fighting government against levying penalties for output shortfall, will have to give bank guarantees equivalent to the incremental revenue it would get from the new rates.

RIL-BP to invest $8-10 billion to produce more gas

RIL-BP to invest $8-10 billion to produce more gas

Rediff.com18 Oct 2013

They also voiced concerns over a double penalty being sought to be imposed on them for KG-D6 fields output not matching targets.

Now, 5-kg cylinders available at subsidised rates

Now, 5-kg cylinders available at subsidised rates

Rediff.com10 Dec 2014

In a move that will give cooking gas consumers more choice, state oil marketing companies have started selling mini 5-kg LPG cylinders at subsidised rates.

CNG price to go up Rs 10.6 a kg in April: Goldman

CNG price to go up Rs 10.6 a kg in April: Goldman

Rediff.com4 Feb 2014

The cost of CNG, which will be reduced by up to Rs 15 per kg in the next few days following a rejig in natural gas allocation, will go up by Rs 10.6 a kg in April, when domestic gas prices almost double.

India scrambles to reduce oil bill inflated by sinking rupee

India scrambles to reduce oil bill inflated by sinking rupee

Rediff.com5 Sep 2013

Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.

Govt may appoint panel to devise simple gas pricing formula

Govt may appoint panel to devise simple gas pricing formula

Rediff.com12 Jun 2014

The previous United Progressive Alliance government had last year approved pricing of all forms of domestically produced gas at according to a formula suggested by a panel headed by C Rangarajan.

Diesel rate likely to be cut by Re 1/litre, petrol by Rs 1.75

Diesel rate likely to be cut by Re 1/litre, petrol by Rs 1.75

Rediff.com30 Sep 2014

State-owned oil firms are likely to announce reduction in rates, made possible because of softening in international oil rates, this evening, government and industry sources said.

ONGC, OIL exempted from LPG subsidy payments this fiscal

ONGC, OIL exempted from LPG subsidy payments this fiscal

Rediff.com21 Apr 2015

The FinMin will pay Rs 5,324 crore (Rs 53.24 billion) for Jan-March.

Former judge slams govt before quitting KG-D6 arbitration body

Former judge slams govt before quitting KG-D6 arbitration body

Rediff.com10 Aug 2014

Former Australian judge Michael McHugh, who was appointed by Supreme Court to adjudicate on Reliance Industries' KG-D6 dispute, had slammed the government interpretation of his statements before quitting the tribunal.

OilMin to move Cabinet panel on raising LPG, kerosene prices

OilMin to move Cabinet panel on raising LPG, kerosene prices

Rediff.com4 Jul 2014

The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, kerosene and LPG, official sources said.

Govt move to force old gas price for KG-D6 gas illegal: RIL

Govt move to force old gas price for KG-D6 gas illegal: RIL

Rediff.com5 Sep 2013

While the Cabinet has approved doubling of gas price from April 1 next year, Oil Ministry is proposing that old rates of $4.2 per million British thermal unit apply to gas from D1/D3 and MA fields in eastern offshore KG-D6 block till it proved that RIL had proved less than targets only because of geological factors.

Govt clears 30 oil and gas discoveries for production: Minister

Govt clears 30 oil and gas discoveries for production: Minister

Rediff.com12 Jan 2015

Pradhan said a National Data Repository which will store information on all sedimentary basins of the country is being pursued on top priority.

EGoM on gas to meet on July 17

EGoM on gas to meet on July 17

Rediff.com1 Jul 2013

An empowered group of ministers headed by Defence Minister A K Antony is to consider an Oil Ministry proposal of abolishing the priority ranking according to which natural gas is first given to urea manufacturing fertiliser plants, then to LPG units, followed by power plants, city gas, steel and refineries.

Reliance plans to increase KG-D6 gas output

Reliance plans to increase KG-D6 gas output

Rediff.com18 Nov 2013

Reliance Industries would repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.

Petro products help lift dwindling tax collections

Petro products help lift dwindling tax collections

Rediff.com7 Nov 2013

Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.

RIL's KG-D6 output drops once again

RIL's KG-D6 output drops once again

Rediff.com20 Mar 2014

RIL produced a total of 13.58 mmscmd of gas from Dhirubhai-1 and 3 gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Bay of Bengal in the first week of February, which rose to 13.63 mmscmd in the following week.

India in driver's seat as fuel demand roars at fastest rate ever

India in driver's seat as fuel demand roars at fastest rate ever

Rediff.com18 Mar 2016

India has already pipped Japan as the world's third-largest oil consumer.

Setback for RIL's gas pricing freedom dream

Setback for RIL's gas pricing freedom dream

Rediff.com11 Mar 2016

RIL has more than half a dozen undeveloped discoveries.

Govt not considering shutting petrol pumps at night: Moily

Govt not considering shutting petrol pumps at night: Moily

Rediff.com2 Sep 2013

Amidst a storm over proposal to shut petrol pumps during night to taper fuel demand, Oil Minister M Veerappa Moily on Monday said the government had not made any such proposal and the idea had come from public.

RIL lashes out at lack of stability in govt policy

RIL lashes out at lack of stability in govt policy

Rediff.com3 Sep 2013

RIL, which has faced numerous delays in getting approvals and shifting goal-posts, said the country did not have a stable policy regime and this was responsible for exit of global energy giants like Royal Dutch Shell, BHP Biliton of Australia, Statoil of Norway and Brazil's Petrobras.

Murli Deora: The politician who was loved by all

Murli Deora: The politician who was loved by all

Rediff.com24 Nov 2014

Congress stalwart Murli Deora passed away on Monday morning after battling a prolonged illness. He was a politician who shared rapport across the political and corporate spectrum.

Diesel decontrol: Private retailers may come back to business

Diesel decontrol: Private retailers may come back to business

Rediff.com21 Oct 2014

Diesel makes up nearly half of fuel demand in Asia's No 3 economy.

ONGC, RIL to get higher revenues on falling rupee

ONGC, RIL to get higher revenues on falling rupee

Rediff.com10 Jun 2013

ONGC and RIL bill their consumers like fertiliser plants and power stations in US dollar.

ONGC must clear few issues before stake sale

ONGC must clear few issues before stake sale

Rediff.com3 Oct 2014

Lack of clarity on the overhaul of the subsidy-sharing mechanism by upstream companies.

Railways' mantra: Cleanliness, safety and security

Railways' mantra: Cleanliness, safety and security

Rediff.com26 Feb 2015

'Our thrust would be on basic facilities first like sanitation'.

When a broken door sent sleuths on corporate espionage trail!

When a broken door sent sleuths on corporate espionage trail!

Rediff.com22 Feb 2015

An important document was found lying on a photo-copier machine.

A peek into Kejriwal's brilliant stealth tactics

A peek into Kejriwal's brilliant stealth tactics

Rediff.com17 Jul 2015

I admire Kejriwal's intelligence but pity the fact that he had to use all the ingenuity and scheming to achieve his revenue enhancement goal, says Sudhir Bisht.

No diesel price hike till new govt takes over

No diesel price hike till new govt takes over

Rediff.com23 Apr 2014

Amid a spate of government proposals at its door, the Election Commission has asked all Union government departments to route their proposals through the Cabinet Secretariat.

Why India's hunger for petro products at 2-year high? 10 reasons

Why India's hunger for petro products at 2-year high? 10 reasons

Rediff.com31 Mar 2015

The growth, however, may not indicate a major revival of economic activity.

India's anti-corruption campaign makes quiet strides

India's anti-corruption campaign makes quiet strides

Rediff.com9 Jul 2015

The government has made it much harder for tycoons to get special dispensations from Delhi

Doc leak case: Fresh arrest, accused makes allegation on cops

Doc leak case: Fresh arrest, accused makes allegation on cops

Rediff.com23 Feb 2015

The crackdown in the corporate espionage case led to the arrest of another person on Monday.

RIL's KG-D6 spend exceeds approved limit: CAG audit

RIL's KG-D6 spend exceeds approved limit: CAG audit

Rediff.com3 Feb 2014

The govt auditor also indicts DGH and management committee of D1 and D3 fields

Government mulls selling $3 billion stake in ONGC

Government mulls selling $3 billion stake in ONGC

Rediff.com15 Jul 2014

The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.

Modi and Manmohan: After one year, spot the differences

Modi and Manmohan: After one year, spot the differences

Rediff.com11 May 2015

There are actually great similarities between the two PM

Bulls on a rampage; Sensex, Nifty end at record highs

Bulls on a rampage; Sensex, Nifty end at record highs

Rediff.com6 Jun 2014

Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.

Moily asks FinMin to cut duties on branded petrol and diesel

Moily asks FinMin to cut duties on branded petrol and diesel

Rediff.com7 Nov 2013

Oil Minister M Veerappa Moily has asked the finance ministry to cut duties on branded petrol and diesel that offer better mileage and help cut fuel consumption.