PETROLEUM MINISTRY

  • Centre defers gas price hike till after elections March 25, 2014

    New Delhi: The Centre on Tuesday deferred the hike in gas price till after elections following the Election Commission's directives on Monday. The Oil Ministry was set to double the price of natural gas from April 1. Taking note of an Aam Aadmi Party complaint that the move to hike...
  • Gas price hike: EC takes note of AAP plea, seeks details from Centre March 24, 2014

    New Delhi: With the Model Code of Conduct in force, the Election Commission on Monday sought details from the Centre regarding gas price hikes. The EC asked whether the Petroleum Ministry wanted permission to fix prices or would notify terms and conditions for it. The EC notice comes after the Aam...
  • After raising LPG cylinder cap, government cuts CNG, PNG prices February 3, 2014

    New Delhi: The Union Ministry of Petroleum and Natural Gas on Monday announced a 20 per cent reduction in CNG prices in Delhi. While the CNG prices will be reduced by about Rs 15 per kg, the prices of piped natural gas will also be reduced by about Rs 5...
  • Moily transferred officer for raising queries over gas pricing: CPI August 13, 2013

    New Delhi: CPI leader Gurudas Dasgupta has claimed that a senior Petroleum Ministry officer was transferred by Minister M Veerappa Moily over the recent gas price hike issue. Dasgupta made these claims in a letter to the PM Manmohan Singh saying that Moily decided to get rid of bureaucrats who...
  • Moily hits out at oil lobbies, says they threaten petroleum ministers June 14, 2013

    New Delhi: Petroleum Minister Veerappa Moily spoke against those opposing the government's move to put in place a new pricing regime for natural gas produced from domestic fields. Moily hit out at oil import lobbies saying they threaten all oil ministers. "Every minister who occupies this position is threatened by the...
  • Government focused on judicial reforms in 2012 December 27, 2012

    New Delhi: Judicial reforms were the flavour of the year as the government focused its efforts on bringing a bill on judicial accountability and kept up its plans to change the present system of appointment of judges where the executive has little say. In March, the Lok Sabha passed an...
  • Direct cash transfer tough to execute: Oil Secy December 11, 2012

    New Delhi: Weeks ahead of roll out of the direct cash subsidy transfer scheme, the Petroleum Ministry on Tuesday said the plan will not be easy to implement because of the low base of people with the unique identity Aadhaar cards. The government has identified 51 districts for the roll...
  • News 360: Jaipal Reddy says PM took him into confidence October 29, 2012

    Jaipal Reddy denies reports that he was upset over being moved out of the Petroleum Ministry under corporate pressure. ...
  • Emphasis on quick decisions, investments: Moily October 29, 2012

    New Delhi: Stepping into a ministry that had in recent times was seen as indecisive, the new Petroleum Minister M Veerappa Moily on Monday promised quick decisions and creating an environment conducive for investment to flow in. Moily, 72, who replaced S Jaipal Reddy, said his priority would be to...
  • Falling rupee is a cause for concern: Jaipal Reddy June 22, 2012

    Oil Minister Jaipal Reddy said that the government was watching the rupee's movement closely. The Indian currency fell to an alltime low of 57.12 against the US dollar on Friday. ...
  • India rejects $1 bn Reliance cost recovery plan May 4, 2012

    Mumbai: India has struck down Reliance Industries Ltd's plan to recover about $1 billion invested to develop an offshore gas field as the current output is less than half of that approved under the development plan, an oil ministry source said. Reliance said in a statement late on Friday that the...
  • AI allowed to take fuel on credit for 23 months August 18, 2011

    New Delhi: In a major relief for Air India, Petroleum Ministry on Thursday decided to grant two to three months credit to the troubled airline for jet fuel instead of making daily payments. The national carrier had been put on cashandcarry mode by public sector oil companies since last December as...
  • Gas is not Ambanis' private property: Govt to SC November 17, 2009

    New Delhi: Government on Tuesday opened its arguments in the highvoltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property". "It (gas) is not the private property of RIL or...
  • Govt stand in gas row dishonest: ADAG November 10, 2009

    New Delhi: The Anil Ambani group on Tuesday opposed a move initiated by the government to become a party to the dispute over natural gas with Mukesh Ambani's Reliance Industries and termed the attempt "dishonest and collusive". "Reliance Natural Resources objects to the leave to appeal to be granted to the...
  • UK firm gets contract; India gets bad deal September 21, 2009

    New Delhi: The Petroleum Ministry wrongly favoured a company in the United Kingdom for supplying fuel markers that were to be used by Indian authorities in detecting fuel adulteration, a CNNIBN investigation has found. The Ministry in October 2006 started a project to dye kerosene with a nonremovable marker to detect...
  • RILRNRL row: Anil Ambani slams Mukesh, Oil Ministry July 28, 2009

    New Delhi: Reliance Natural Resources Ltd (RNRL) Chairman Anil Ambani has gone public with the allegation that the Petroleum Ministry is favouring his elder brother Mukesh in the battle for gas from the Krishna Godavari Basin. At the Annual General Meeting of RNRL, Anil Ambani made scathing attack on Reliance Industries...
  • Anil writes to PM in gas row case July 20, 2009

    New Delhi: Chairman of Reliance Natural Resources Limited (RNRL) Anil Ambani has written a letter to the Prime Minister Manmohan Singh, complaining that the Oil Ministry is siding with brother Mukesh Ambaniled Reliance Industries Limited (RIL) in the ongoing dispute between the two corporates. However, RIL has denied the charge. Assuring...
  • Remove Govt affidavit from record: Anil Ambani firm to SC July 18, 2009

    New Delhi: Industrialist Anil Ambani's energy firm, locked in a legal battle with elder brother Mukesh Ambani's Reliance Industries over supply of gas, has asked the Supreme Court to dismiss the government's affidavit on the issue. The Petroleum Ministry previously withdrew all its affidavits when the matter was being heard in...
  • All you wanted to know about free fuel pricing May 29, 2009

    The Oil Ministry on Friday said it would go to the Cabinet to seek a nod for deregulating fuel prices. At a press conference, Murli Deora, the Petroleum Minister in his second stint, said the proposal 'would go to the Cabinet soon' but did not specify a timeframe. What is deregulation? Under...
  • Deora breaks jinx, reappointed as Petroleum Minister May 28, 2009

    New Delhi: Industrialistpolitician Murli Deora has broken the jinx at one of the country's wealthiest ministries by being reappointed as Minister for Petroleum and Natural Gas. The Ministry has a history of no minister ever returning to office and none ever completing a fiveyear term. BJP's...
  • CNG, LPG outlets allotted to 26/11 martyrs' families February 2, 2009

    Mumbai: It was an emotional moment for these families of 26/11 martyrs as the Petroleum Ministry allotted LPG and CNG dealership outlets at an official function to pay tribute to the meninuniform. Eighteen families of the Mumbai Police and two families of NSG commandos were given the allotment letters. I...
  • Government likely to cut fuel prices on Thursday January 13, 2009

    New Delhi: The government may cut fuel prices on Thursday. Petroleum Ministry sources say the Cabinet is likely to discuss fuel price cut along with the additional excise levy and decontrol of pricing. Petrol and diesel prices were last reduced in December by Rs 5 per litre and Rs 2...
  • No proposal to levy taxes on petroleum sector: FM May 29, 2008

    New Delhi: The Finance Ministry on Wednesday denied reports that there was any proposal to levy fresh taxes on the petroleum sector, saying these were of a speculative nature. In a release in the Capital, the Ministry said its attention has been drawn to reports appearing in a section of media,...
  • Govt comes to the aid of bleeding oil PSUs May 24, 2008

    New Delhi: In what comes as bad news for the consumer, the Government is actively considering raising prices of auto fuels so oil marketing companies can be compensated for losses running to Rs 600 crore a day. The Petroleum Ministry is putting together a bailout package to compensate Indian Oil,...
  • Relax! No fuel price hike today September 1, 2006

    New Delhi: Relax! There will not be any fuel price hike on Friday. Even as the Petroleum Ministry readied for a review of the prices of all petroleum products on Friday, Petroleum Minister Murli Deora said there will not be any hike in fuel prices for now. "We will review oil prices...