PETROLEUM

  • Delhi Police files chargesheet in corporate espionage case April 18, 2015

    New Delhi: The Delhi Police Crime branch on Saturday filed a chargesheet in the Petroleum Ministry corporate espionage case. The chargesheet names 13 accused and the court has fixed April 20 for taking its cognizance. Sources said the chargesheet mentions how some documents were fraudulently taken out from the ministries...
  • Petrol pumps to observe 15-minute blackout on Saturday March 20, 2015

    Kolkata: Petrol pumps across the country will observe a "blackout" for 15 minutes on Saturday to push for their five-point charter of demands including compensation to dealers for financial losses due to frequent unplanned price fluctuations by oil marketing companies. In a media statement, All India Petroleum Dealers Association said the...
  • India to help Lanka develop regional petroleum hub: IOC signs pact March 13, 2015

    Colombo: India will help Sri Lanka develop its Trincomalee town as a regional petroleum hub and Indian Oil Corporation has reached a joint-development pact with Ceylon Petroleum Corporation, Prime Minister Narendra Modi said on Friday. The agreement as well as a task force to implement it were announced after a meeting...
  • India to help Lanka develop regional petroleum hub; IOC signs pact March 13, 2015

    Colombo: India will help Sri Lanka develop its Trincomalee town as a regional petroleum hub and Indian Oil Corp has reached a joint-development pact with Ceylon Petroleum Corporation, Prime Minister Narendra Modi said on Friday. The agreement as well as a task force to implement it were announced after a meeting...
  • Dharmendra Pradhan says probe will reveal truth behind leak of documents from Oil Ministry February 22, 2015

    New Delhi: After the Delhi Police busted a corporate espionage ring over leak of Ministry of Petroleum and Natural Gas document, Oil Minister Dharmendra Pradhan on Sunday said probe will reveal the truth. "Why did they break the lock in midnight they will have to tell? Proper investigation is taking place...
  • 5 arrested in Petroleum Ministry documents leak case sent to 3 days of police custody February 21, 2015

    New Delhi: Five corporate employees accused of procuring Ministry of Petroleum and Natural Gas documents fraudulently have been sent to three days of police custody. The police informed the court that the documents pertain to national security and may slap the 'Official Secrets Act' on the accused. Intelligence agencies have been...
  • 5 arrested in Petroleum Ministry documents leak case to be presented in court February 21, 2015

    New Delhi: Five corporate employees accused of procuring Ministry of Petroleum and Natural Gas documents fraudulently will be presented in court on Saturday. Sources said that all 12 suspects arrested by Delhi Police, which busted the corporate espionage ring, have claimed that they passed the documents accessed to their seniors. A...
  • Inputs for Finance Minister's Budget speech among leaked Petroleum & Natural Gas Ministry documents February 20, 2015

    New Delhi: Investigators claim to have recovered inputs on the Finance Minister's Budget speech from the people arrested for leaking documents of the Petroleum & Natural Gas Ministry. One of the secret documents recovered is about the input on National Gas Grid. Some of the recovered documents pertain to Coal and...
  • Seven arrested for leaking Petroleum & Natural Gas Ministry documents February 20, 2015

    Delhi: Seven people have been arrested for being involved in leaking documents of Ministry of Petroleum & Natural Gas. Those arrested include a former business journalist running a petro website, a Melbourne-based energy consultant and a government official. According to Delhi Police Commissioner BS Bassi investigations are on to ascertain if...
  • Government likely to sell 10 per cent stake in Indian Oil Corporation this fiscal January 14, 2015

    New Delhi: The government is likely to sell 10 per cent of its stake in Indian Oil Corp, the nation's biggest company, this fiscal to raise about Rs 8,150 crore. The Department of Disinvestment (DoD) has circulated a draft note for the consideration of the Cabinet Committee on Economic Affairs...
  • Centre urges MPs, CMs to give up subsidised LPG cylinders to cut government's subsidy bill January 13, 2015

    New Delhi: In a move to cut the government's subsidy bill, Petroleum Minister Dharmendra Pradhan has called on VIPs to give up their subsidy on LPG gas cylinders. Pradhan is expected to write to Members of Parliament across party lines. According to sources, he has already spoken to three chief...
  • Government to compensate states for revenue losses from new GST December 20, 2014

    New Delhi: India will compensate its state governments for revenue losses due to the new nationwide Goods and Service Tax (GST), which is targeted to be implemented on April 1, 2016, the Finance Minister said on Friday. Arun Jaitley told reporters that petroleum products would be part of the new GST. Earlier,...
  • Modi government planning to impose cess on petroleum products: Congress November 28, 2014

    New Delhi: Congress on Friday claimed that the NDA government is planning to impose a cess on petroleum products and that the party would strongly oppose this move. Party spokesman Anand Sharma told reporters that when the prices of crude oil have reached a record low in international market, the Narendra...
  • Senior Congress leader, former minister Murli Deora dies in Mumbai November 24, 2014

    Mumbai: Senior Congress leader and former Union minister Murli Deora died at the age of 77 in Mumbai on Monday morning after prolonged illness. His final rites are scheduled to take place on Monday at 4pm in Chandanvadi in Mumbai. His body will be kept at the Maharashtra Pradesh Congress...
  • Oil dips below $84, near four-year low, on oversupply October 15, 2014

    London: Brent crude fell to a fresh 47-month low on Wednesday, dipping below $84 a barrel as faltering global growth curbed demand for fuel at a time of heavy oversupply. Oil saw its biggest daily fall in more than three years on Tuesday after the West's energy watchdog slashed its forecasts...
  • Nagaland CM officially launches preoil production operation September 22, 2014

    Kohima: Nagaland Chief Minister TR Zeliang on Monday official launched PreProduction on Oil and Natural Gas Operation in Peren district, some 127 km from. The Operation would be carried out by Metropolitan Oil and Gas Pvt Ltd (MOPGL), New Delhi in the three villages of the district Old Jalukie,...
  • Complete Sun Temple beautification work before festival: Dharmendra Pradhan September 6, 2014

    Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan asked the Archaeological Survey of India and the Puri district administration to complete beautification work of the Sun Temple at Konark before the ensuing Navakalebara festival of Lord Jagannth next year. Pradhan gave the direction after visiting the temple and reviewing the progress of...
  • Bihar government lifts ban on sale of 5 kg LPG cylinders August 8, 2014

    The Bihar government on Friday lifted the ban on sale of 5 kg LPG cylinder, which it had imposed following evidence of their use in the serial blasts at Bodh Gaya in July last year. A release by Minister for Food and Civil Supplies Shyam Rajak said he accepted the plea...
  • Political appointees should resign with change of government: UP Governor Ram Naik August 8, 2014

    UP Governor Ram Naik, who on Friday took additional charge of Rajasthan, said political appointees keeping in mind the tradition, should resign voluntarily withthe change of government. Replying to a question on whether Governors should resign in such cases, Naik said there has been a tradition in the country of "proactive...
  • Government focus on stable, equitable regimes for natural resources June 16, 2014

    New Delhi: As investors await framing of policy by the new BJP government, Oil Minister Dharmendra Pradhan on Monday said that the focus must be on stable and equitable fiscal and regulatory regimes for both investors and owners of natural resources. New investments have almost dried up in the oil and...
  • Nonsubsidised LPG price cut by Rs 23.50, jet fuel by 1.8 pc June 2, 2014

    New Delhi: Jet fuel prices have been cut by 1.8 per cent and rates of nonsubsidised cooking gas (LPG) by Rs 23.50 per cylinder after the rupee's appreciation lowered import costs. The price of jet fuel, also known as aviation turbine fuel (ATF), at Delhi was cut by Rs 1,285.89 per...
  • 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...
  • Rs 5 lakh fine imposed on Mehta petrol pump for defrauding customers February 15, 2014

    Local authority has imposed a fine of Rs 5 lakh on a petrol pump and ordered its sealing for two days for defrauding the customers. District Magistrate Mukesh Bansal took action against the Mehta petrol pump at Station Chowk in Raigarh, which is an outlet of Bharat Petroleum Ltd, for short...
  • 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...
  • Delhi: HC asks Bharat Petroleum to vacate land for metro construction January 30, 2014

    New Delhi: The Delhi High Court on Thursday asked Bharat Petroleum Corporation Limited (BPCL) to vacate the land opposite Hyatt Hotel for construction of a metro station. While rejecting the plea moved by BPCL, seeking stay on construction of Bhikaji Cama Place metro station, a bench of Justice Manmohan said...
  • Kuwait Petroleum Corp keen to buy stake in ONGC petchem projects January 14, 2014

    Kuwait Petroleum Corp has shown interest in buying 26 per cent stake in ONGC's Rs 21,396 crore petrochemical plant at Dahej, Gujarat, as well as the stateowned firm's Rs 5,750 crore chemical plant at Mangalore. "Kuwait is keen on taking a stake in the petrochemical plants of ONGC... They have envisaged...
  • PSPB men and women in national table tennis finals January 8, 2014

    Petroleum Sports Promotion Board (PSPB) men and women entered the finals of the team championships underlining their supremacy yet again in the 75th Senior National Table Tennis Championships at the Patliputra Sports Complex in Patna onWednesday. All semifinals never rose to any dizzy height with a similar 30 score line as...
  • 75th national Table Tennis championship begins today at Pataliputra Sports Complex January 7, 2014

    Top paddlers of the country, includingSharath Kamal, Soumyajit Ghosh, K. Shamini, Mouma Das, NehaAgrawal will be seen in action in Patna in the 75th SeniorNational and InterState Table Tennis Championship at thePataliputra Sports Complex in Patna from Tuesday. About 600 players from 32 states and Union Territories(UTs), besides two institutional teams...
  • MPs caught lobbying for fake firm: Is this just the tip of the iceberg? December 12, 2013

    In its latest undercover investigation, codenamed operation Falcon Claw, investigative website Cobrapost has exposed a bunch of parliamentarians who are willing to not only write recommendation letters but also lobby with the Union Ministry of Petroleum for a foreign company to help it secure oil exploration and rigging rights in...