 | Govt to free diesel prices; no such proposal for LPG |
The government today said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.
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| Oil companies warn of fuel supply cuts : govt |
| New Delhi: Consumers could prepare for shortages in auto and cooking fuel supplies. Oil retailers IOC, HPCL and BPCL have informed the government that... |
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| Crude rises despite sluggish U.S. housing data |
| Crude oil futures rose in Asian trading on Wednesday as investors snapped up nicely priced positions on sentiment that while key U.S. housing and conf... |
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| OilMin to decide on Reliance Industries' CBM gas price formula |
| NEW DELHI: Stating that rules provide for the government to approve gas sale price formula within 60 days, the Oil Ministry today said it will decide ... |
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| Oil ministry plans to review CBM pricing |
| Mumbai: Faced with radically different pricing proposals submitted by two operators of large coal bed methane (CBM) blocks, the oil ministry is taking... |
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| House panel raps LIC for ONGC share buy |
| Life Insurance Corporation's (LIC's) purchase of Oil and Natural Gas Corporation (ONGC) shares during the government's part-divestment of its holding ... |
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| Don't approve RIL's D6 costs before our audit: CAG to Centre |
| NEW DELHI: India's national auditor has again cautioned the government it should not rush to validate the entire expenditure of Reliance Industries in... |
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| First ever space-based petrol station by 2020? |
| New Delhi: The inventors of Google, along with the film director James Cameron, are said to be teaming up with scientists for a multi-million dollar p... |
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| Govt's in principle nod to free diesel prices evokes criticism |
| While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on s... |
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| RIL decides to surrender 10 exploration blocks including one with Hardy Oil |
| NEW DELHI: London-based Hardy Oil & Gas Plc has agreed to relinquish a deepwater block in prolific Krishna-Godavari basin after partner Reliance I... |
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| Despite China's objection, ONGC to go ahead with oil exploration in south China Sea |
| AGARTALA: Oil giant ONGC along with a Vietnamese company will launch joint exploration for oil in the South China Sea despite objections from China, a... |
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| Europe must enforce oil sector transparency |
| The oil and gas industry can bring great wealth to the countries in which it operates. But the revenues it brings are vulnerable to corruption. The be... |
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| Sri Lanka to cut Iran oil imports to comply with US sanctions |
| Sri Lankan Petroleum Minister Susil Premajayantha said Tuesday that Sri Lanka planned to cut imports of Iranian crude oil by three cargoes, each of 13... |
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| Philippine South China Sea gas find may fuel China tensions |
| A Philippine exploration firm has found more-than-expected natural gas in a disputed area of the South China Sea, a discovery likely to inflame territ... |
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| Shell to buy Cove Energy for $1.8 bn |
| London: Royal Dutch Shell has agreed to buy Mozambique-focused explorer Cove Energy for 1.12 billion pounds ($1.8 billion) in cash, raising its earlie... |
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| PAKISTAN : Govt likely to cut POL rates on May 1 |
| ISLAMABAD - The declining trend of POL prices in the international market is expected to reflect in local prices of petroleum products to the tune of ... |
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| Chinese oil: an evolving strategy |
| China's thirst for oil and gas, fuelled by its breakneck economic growth, has been the primary driver behind efforts to forge ties with any country or... |
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