oil ministry - Latest News, Analysis, Opinion

Companies & Markets

The minister assured investors transparency, efficiency, and ease of doing business in the bidding process

Petroleum & Natural Gas Ministry Clarifies Media Reports On ‘Windfall Tax Review’

The Ministry said in a statement that crude oil prices have seen a lot of volatility this year

Oil Falls On Demand Concerns, Strong Dollar

The International Energy Agency said this weekoildemand growth would grind to a halt in the fourth quarter. The dollar held near recent peaks, supported by expectations the U.S. Federal Reserve will continue to tighten policy

Govt To Divert Gas From Industries After CNG, Piped Gas Prices Jump 70%

Energy & Infra

The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel

Govt Comes Into Action Over Petrol, Diesel Shortage, Implements New Rule

Universal Service Obligation has been implemented for all retail outlets

CNG, PNG Prices Spike; Oil Ministry Awaiting Updated Data For Gas Allocation

Energy & Infra

CGD operators have been requesting the ministry to maintain the gas supply to the sector under no cut category but the ministry has not made any fresh allocation for over a year now

India Supports Release Of Oil From Reserves To Cool Prices: Govt

Oil prices plunged on Thursday on news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve (SPR)

Govt Extends Stock Limits On Edible Oils, Oilseeds Till December

Ministry of Consumer Affairs had imposed stock limits till March 2022, and left the decision to states to decide whether the stock limits should be based on the availability and consumption pattern

Give 60% Control in Mumbai High, Bassein Fields To Foreign Cos: Oil Ministry To ONGC

Amar Nath, additional secretary in the Petroleum Ministry, wrote a 3-page letter to ONGC Chairman and Managing Director Subhash Kumar, saying productivity of the Mumbai High and Bassein & Satellite (B&S) offshore assets under state-owned firm was low.

India's Fuel Demand Rose 2.8% Year-on-year In August

Consumption of fuel, a proxy for oil demand, totalled 17.04 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Oil Ministry Intensifies Monitoring Of ONGC Fields

The Directorate General of Hydrocarbons has issued specific directives to Oil and Natural Gas Corp and Oil India Ltd to submit daily field-wise production report as well as periodic reservoir management reports

India Plans Home Delivery Of Petroleum Products

India is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking to cut long queues at fuel stations, the oil ministry tweeted on Friday

India To Auction Exploration Rights By June

India overhauled its exploration licensing last year with a shift to a revenue sharing model, while also allowing pricing and marketing freedom to the operators

LPG Subsidy: I-T To Inform Oil Min On Taxpayers Earning Over Rs 10 Lakh