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. …
The cabinet meeting on Thursday is set to consider the petroleum ministry’s proposals to increase diesel, cooking gas and kerosene prices, a move the government aims to partly offset by raising the ceiling on the number of subsidized LPG cylinders. If approved, the new prices will take effect from midnight …
In a bid to neutralise political opposition to planned fuel price hikes, the government is considering a two-step process: First, allow up to 12 subsidised domestic gas cylinders per year from the currently proposed nine and later, raise prices of LPG and diesel in a phased manner. Sources told FE …
New Delhi:The oil ministry’s proposal for a dual pricing regime for diesel — having a market price for bulk consumers and subsidized rate at pumps — would work to the disadvantage of state-run fuel retailers and spark diversion. The option is one of the suggestions made in the ministry’s response …
Faced with a hefty bill of close to R1 lakh crore this fiscal towards compensating oil marketing companies on selling diesel below cost and naysaying by the finance ministry, the petroleum ministry is set to ask the bulk consumers of the fuel to buy it at market rates. Currently, bulk …
The oil ministry has proposed a hike of R3-4.50 per litre in diesel price and R100 per cylinder in LPG rates, along with raising the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six. The ministry has moved a note for …
Pressing ahead with the Kelkar Committee recommendations and grappling with massive under-recoveries, the Petroleum and Natural Gas Ministry has initiated a Cabinet note to raise the cap on subsidised LPG supply from six to nine cylinders a household a year, and increase diesel, LPG and kerosene prices in phases. As …
New Delhi: In the wake of recent power outages in the city, Delhi government on Wednesday asked the petroleum ministry to divert gas supply meant for Pragati power plant to the newly-constructed Bawana power plant as it has more efficient machinery. The proposal, which has been approved “in principal” by …
The Union petroleum ministry has issued directives to Indian Oil Corporation (IOC) to not consider any investment in Haldia Petrochemicals (HPL) since the oil major has no room to leverage its finances with government subsidy required to post profits. IOC posted a R22,451 crore net loss in the first quarter …
Analysts say any increase in diesel and kerosene prices will be positive for market sentiment. The petroleum ministry is considering a proposal to gradually hike diesel prices by Rs 1 per litre every month for the next 10-15 months to deregulate retail prices eventually, based on the recommendations of the …
Burdened with the task of containing fiscal deficit, the finance ministry has rejected the oil ministry's proposal to reduce the crude oil cess that could have given much-needed relief to upstream oil companies such as ONGC, OIL and Cairn. The oil ministry had proposed to reduce the cess from R4,500 …
All three victims are contract workers; compensation ordered Three persons were killed in the fire that broke out in a storage tank of the Indian Oil Corporation (IOC) terminal at Hazira, near here, on Saturday. The fire was contained after a 21-hour operation, officials said on Sunday. “The body of …
In his first major decision, the petroleum minister, M Veerappa Moily, has allowed Reliance Industries and Cairn India to explore oil and gas within producing fields, subject to conditions. The ministry, which had been sitting on the proposal for over a year, wrote to the directorate general of hydrocarbons (DGH) …
Diesel, kerosene and cooking gas prices could be raised soon while the government might separately take up a proposal to raise the cap on supply of subsidised LPG cylinders. The government may take a look at raising the cap on supply of subsidised LPG cylinders to 9 per household in …
Petroleum and natural gas minister Veerappa Moily on Friday said his ministry was yet to take a view on the Kelkar committee proposal to raise diesel prices in a calibrated manner, leading to full deregulation by 2014-15 to reduce the oil subsidy burden. “The ministry is studying the recommendations of …
Diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar committee recommendations on cutting fiscal deficit. The Kelkar committee, which was appointed by the finance ministry to suggest a roadmap for fiscal consolidation, has suggested immediate hike in fuel prices and complete deregulation …
The ministry of petroleum and natural gas has allowed power companies to club or divert the allocated gas between two or more power plants of the same company so as to improve the plant load factor and increase power generation. Following a significant drop in the plant load factor due …
The oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 …
Hike being mulled as govt scrambles to find ways to meet Rs 1,60,000 cr deficit expected this fiscal on selling diesel, LPG and kerosene below production cost Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the …
As against planned gas production of 95.87 mcm, company produced 153.992 mcm Oil & Natural Gas Corporation Ltd (ONGC) has achieved highest natural gas production from its Gujarat gas fields for the month of November, a statement from the union ministry of petroleum and natural gas (MoPNG) showed. As against …
Amidst a row over CAG audit of Reliance Industries’ KG-D6 gas block, the Rangarajan Committee has said official auditor CAG need not audit RIL’s CBM blocks as they are governed by different contractual regime. A panel headed by Chairman of Prime Minister’s Economic Advisory Council, C Rangarajan, said in its …
