Ministry Of Petroleum & Natural Gas

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

LPG wait list to be wiped out by month-end

Sujay Mehdudia NEW DELHI: The stern warning issued by Petroleum Secretary R.S. Pande to the oil marketing companies (OMCs) has paid off. The waiting list for new LPG connections has been reduced by almost 50 per cent and the oil companies have given an assurance that the remaining would be …

Indian crude basket drops below $100

NEW DELHI: The continued slide in crude oil prices in the international market has brought cheers to the loss making oil marketing companies (OMCs) with the Indian crude basket dropping below the $100-mark for the first time in the last six months. Official sources said here that India

Centre rules out price cut

NEW DELHI The Union petrole um minister, Mr Murli Deora, said on Friday that international crude oil prices will have to fall further to trigger a retail price cut in the country.

Deora: where is the scope for price cut?

Sujay Mehdudia NEW DELHI: Notwithstanding the decline in international crude prices in recent weeks, Petroleum and Natural Gas Minister Murli Deora on Monday ruled out a cut in retail prices of petrol and diesel.

Govt for selling diesel to railways at market rates

Rakteem Katakey / New Delhi August 26, 2008, 0:52 IST Indian Railways, which are likely to post a cash surplus of Rs 31,000 crore in the current fiscal, should pay market rate for the diesel they consume, as they are one of the largest consumers of subsidised diesel that contributes …

Oil companies told not to open new retail outlets

Sujay Mehdudia Ministry cites losses on account of under-recoveries NEW DELHI: Indicating a "crunch' in supply of petrol and diesel, the Petroleum and Natural Gas Ministry has asked the oil marketing companies (OMCs) to put on hold their plans to open new retail outlets. Citing losses on account of under-recoveries …

Amid SP rant, Mukesh meets PM

Govt Worried Ambani Feud May Affect Vote, Amar Cries Poaching Diwakar | TNN New Delhi: Mukesh Ambani, the head of India's biggest corporate house Reliance, met PM Manmohan Singh and other important government functionaries on Monday amid rising government anxiety about the raging Ambani feud adversely affecting the government's prospects …

Oil assets abroad enable India to counter shock

NEW DELHI: Terming the sudden spurt in international crude oil prices as

DGH studying NELP VII response

NEW DELHI: Union Petroleum and Natural Gas Minister Murli Deora on Wednesday said the Indo-U.S. nuclear civil cooperation deal was very much in the interest of the country as rising energy prices of fossil fuel had made it mandatory to tap other sources of energy in order to meet the …

No fuel quotas: Centre

New Delhi July 7: The government has asked PSU Oil Marketing Companies (OMCs) not to force consumers to buy branded fuels. There were reports that the PSU OMCs have imposed quotas on their petrol pumps, according to which the petrol pumps would get only 50 per cent of their fuel …

SPs pound of flesh: Chidambaram, Deora

Macro-Economic Worries Cited; Outside Support Only; Demand Tough For Congress To Accept THE Samajwadi Party will demand a hefty price for sustaining the Manmohan Singh government

Rein in prices, step up output, India tells oil producers

Jeddah: Finance minister P Chidambaram on Sunday made a case for oil producing nations to step up output and regulate prices failing which developing nations stood to lose their hard-earned

11.05% Price Rise At Its Highest Since 1995 When He Was Finance Minister

Rajeev Deshpande & Nitin Sethi New Delhi: Inflation on Friday burst through the double-digit barrier to hit 11.05% as the June 5 fuel price hike hit home. With increased transport costs threatening a chain effect, the Manmohan Singh government's political woes deepened as it battled

Deora approves ethanol price increase

MUMBAI: Union Minister for Petroleum Murli Deora on Monday approved a price increase for ethanol in Maharashtra which will now be sold at Rs 21.50 a litre. Chief Minister Vilasrao Deshmukh has been pushing for an increase in the rate for ethanol after a demand from the State's sugar cooperatives …

LPG shortage continues

Sujay Mehdudia Despite the recent hike in prices of petrol, diesel and Liquefied Petroleum Gas (LPG), lakhs of consumers across the country continue to face "severe supply' crunch of petroleum products, including LPG cylinders, leading to "artificial shortage' and hoarding in small cities and rural India. Informed sources said the …

Petrol price up by Rs. 5, diesel Rs. 3, LPG Rs. 50

The United Progressive Alliance (UPA) government on Wednesday announced a steep hike in fuel prices. It increased the price of petrol by Rs. 5, diesel by Rs. 3 and LPG by Rs. 50 a cylinder, but did not touch kerosene. Almost all Opposition parties, the Left and the UPA's allies …

NDA, CPM stage boycott of oil panel meeting

Subodh Ghildiyal | TNN The political repercussions of a fuel hike were visible within hours of the announcement, with BJP-led NDA and the CPM coming together to boycott the consultative committee meeting chaired by petroleum minister Murli Deora. The boycott of Deora, which included a protesting band of MPs from …

Oil companies are losing Rs 725cr daily on fuel sales

The government has been deliberating on measures over oil prices through the last fortnight. Meanwhile, the companies' losses rose from Rs 16.34 a litre to Rs 21.43 on each litre of petrol, Rs 23.47 to Rs 31.58 on diesel, Rs 28.72 to Rs 35.98 on kerosene and Rs 305.90 to …

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