Thomson Reuters | Thursday May 21, 2015
Saudi oil minister Ali Al-Naimi said on Thursday that the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason.
Wednesday May 20, 2015
Finance Minister Arun Jaitley on Wednesday said inflation will not be a significant challenge though there is a possibility of below average monsoon and food prices getting impacted.
Saturday May 16, 2015
To bolster energy ties with the US, Oil Minister Dharmendra Pradhan is leading a high-level delegation of industry CEOs to Mexico and Colombia during May 18-May 22.
Thomson Reuters | Friday May 15, 2015
Oil Minister Dharmendra Pradhan said on Friday that the government is looking to buy oil assets abroad.
Wednesday May 13, 2015
Petrol price of Rs 63.16 per litre in Delhi is more than Rs 44.05 per litre rate of the fuel in Pakistan and Rs 54.75 in Sri Lanka. However, it is cheaper than Rs 76.97 per litre price in Bangladesh and Rs 68.13 a litre in Nepal.
Saturday May 9, 2015
Excise duty collection on petrol and diesel jumped over 50 per cent in financial year 2014-15 to Rs 74,465 crore as the government on multiple occasions raised tax rates to shore up its revenues.
Friday May 8, 2015
Slowdown in global demand, appreciation of the rupee against the euro and a steep fall in oil prices led to a decline in India's exports in 2014-15, Parliament was informed on Friday.
India News | Reported by Sheikh Zaffar Iqbal and Nazir Masoodi, Edited by Anindita Sanyal | Monday May 4, 2015
Days before Prime Minister Narendra Modi's maiden visit to China, Vietnam has accused China of threatening Indian oil companies. Vietnam said if PM Modi raises the issue of marine security with China, it would welcome such a move.
World News | Agence France-Presse | Wednesday April 29, 2015
The world's longest-serving foreign minister, Saudi Arabia's Prince Saud al-Faisal steered the oil giant's diplomacy for four decades before stepping down.
World News | Reuters | Wednesday April 29, 2015
Saudi King Salman appointed Interior Minister Mohammed bin Nayef as his new heir today and made his son, Defence Minister Mohammed bin Salman, second-in-line to succeed in a dramatic reshuffle in the world's top oil exporter.
India News | Press Trust of India | Wednesday April 8, 2015
Prime Minister Narendra Modi is likely to visit resource-rich Turkmenistan on July 11, External Affairs Minister Sushma Swaraj said here today.
World News | Reuters | Sunday April 5, 2015
Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli.
Sunday March 29, 2015
There are about 15.3 crore LPG consumers in the country.
Saturday March 28, 2015
Concerned over volatility in international oil prices, Finance Minister Arun Jaitley on Friday expressed hope that the situation in the Middle East will improve and the prices will stabilise.
India News | Reported by Ketki Angre, Edited by Abhishek Chakraborty | Saturday March 28, 2015
Prime Minister Narendra Modi has urged those who can afford it to surrender subsidised cooking gas or LPG. The Prime Minister said that 2.8 lakh people had responded to an earlier appeal by him made last August through national advertisements issued ...
Thomson Reuters | Friday March 20, 2015
The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.
Thomson Reuters | Tuesday March 17, 2015
The deficit narrowed to 1.6 per cent in the October-December quarter from 2 per cent a quarter earlier on the back of slumping oil prices
India News | Reuters | Friday March 13, 2015
Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) and the local subsidiary of Indian Oil Corporation have agreed to develop a strategic oil storage facility in Trincomalee, Prime Minister Narendra Modi said today.
Thomson Reuters | Saturday February 28, 2015
Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.
Friday February 27, 2015
Finance Minister Arun Jaitley is expected to provide some tax breaks to the salaried class in Saturday's Budget, analysts say. To compensate for the shortfall in revenues, Mr Jaitley may hike indirect taxes, including customs duty on crude oil import...
Press Trust of India | Thursday February 26, 2015
Finance Minister Arun Jaitley on Thursday defended petrol and diesel pricing policy of state-run firms, saying they had suffered an inventory loss of Rs 30,000 crore this fiscal year on falling international oil prices.
Wednesday February 25, 2015
Aviation Turbine Fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy.
Press Trust of India | Wednesday February 25, 2015
The Petroleum and Natural Gas Regulatory Board (PNGRB) has suggested a maximum marketing margin on natural gas sold to fertiliser and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas user...
Press Trust of India | Wednesday February 25, 2015
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.