Oil Minister

Fuel Prices Will Come Down Soon, Says Oil Minister Dharmendra Pradhan

Business | Press Trust of India | Saturday September 23, 2017

"As the prices reduce in the international market, they will come down here also," the Petroleum and Natural Gas Minister said.

Petrol, Diesel Prices May Come Down By Diwali, Says Oil Minister

Business | Press Trust of India | Monday September 18, 2017

Prices of refinery oil went up because production of oil dropped by 13% in the US, says Petroleum and Natural Gas Minister.

Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points

Business | NDTV Profit Team | Monday September 18, 2017

GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.

Bring Petroleum Products Under GST Ambit, Says Oil Minister Dharmendra Pradhan

Press Trust of India | Sunday September 17, 2017

Looking into the consumer interest, there must be tax rationalisation, the Oil Minister said.

Oil Minister Rules Out Intervention On Daily Fuel Price Revision

Business | Press Trust of India | Wednesday September 13, 2017

India relies on imports to meet 80 per cent of its needs and so domestic fuel rates have been aligned to movement of equivalent product prices in the international market since April 2002.

Can't Keep Changing Fuel Prices On Knee-Jerk Basis, Says Dharmendra Pradhan

Business | Indo-Asian News Service | Wednesday September 13, 2017

The Petroleum Minister expects global crude prices to ease in the near future.

Daily Petrol, Diesel Price Revision To Continue: Oil Minister Dharmendra Pradhan

Business | Press Trust of India | Monday September 4, 2017

Oil Minister Dharmendra Pradhan said the daily revision immediately passes on the benefit of any reduction in international oil prices to consumers and avoids sharp spikes by spreading them in small doses.

First Shipment Of US Crude Oil To Reach India Next Month

Press Trust of India | Thursday August 17, 2017

During their maiden meeting Prime Minister Narendra Modi and US President Donald Trump agreed to deepen engagement in the energy sector.

Subsidy On LPG Cylinders For Poor To Continue: Union Oil Minister

Business | Press Trust of India | Monday August 7, 2017

In July the government had ordered state-run oil companies to eliminate LPG subsidies by March, 2018.

Cooking Gas (LPG) Price Hiked By Rs 2 Per Cylinder

Business | Press Trust of India | Tuesday August 1, 2017

Oil Minister Dharmendra Pradhan had told Lok Sabha that the government has asked state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year.

Finance Minister Arun Jaitley To Head Panel On Hindustan Petroleum Stake Sale To ONGC

Press Trust of India | Monday July 24, 2017

Post-merger, all refining units of ONGC will be accumulated under HPCL, making it India's third largest oil refiner after Indian Oil Corp and Reliance Industries, the oil minister said.

Bharat Petroleum Makes Its First U.S. Oil Purchase

Thomson Reuters | Sunday July 16, 2017

BPCL is the second Indian refiner to buy U.S. Gulf crude after Prime Minister Narendra Modi's visit to Washington last month

Government Intensifies Monitoring Of ONGC Fields

Press Trust of India | Sunday July 16, 2017

While output as well as investments by private firms have all but dried up, Oil Minister Dharmendra Pradhan sees raising production from fields given to state-run firms on nomination basis, or without bidding, as key to achieving the target.

Nawaz Sharif Flies Back To Pak To Visit Scores Injured In Oil Fireball

World News | Reuters | Monday June 26, 2017

Pakistani hospitals today struggled to treat scores of severely burned victims of a fuel tanker explosion that killed at least 146 people, as Prime Minister Nawaz Sharif flew back from an overseas trip to visit the injured.

Pakistan PM Nawaz Sharif Cuts Short London Trip After Tanker Blast

World News | Indo-Asian News Service | Monday June 26, 2017

Pakistan Prime Minister Nawaz Sharif has cut short his London trip over the oil tanker fire incident that killed at least 140 people and injured over 100 others in Punjab province, the Prime Minister's Office said.

Lenders Approve Rs 86,000-Crore Essar Oil Sale To Rosneft

Press Trust of India | Friday June 23, 2017

The deal was signed on October 15 last year in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin in Goa.

Government To Launch National Data Repository On June 28

Press Trust of India | Thursday June 22, 2017

Finance Minister Arun Jaitley and Oil Minister Dharmendra Pradhan will on June 28 launch the NDR, which will aid India to switch over to an open acreage licensing regime where companies can choose areas they want to explore.

India's Oil Imports From Iran Fall Over Gas Field Dispute

Press Trust of India | Thursday June 15, 2017

"We stood by them in difficult times ... and we expect reciprocity from Iran," Indian oil minister Dharmendra Pradhan said.

Daily Petrol, Diesel Price Revision From Tomorrow, Dealers Won't Go On Strike

India News | Indo-Asian News Service | Thursday June 15, 2017

Dealers had represented for a change in the timing of daily price revisions as under the new regime, they would have to deploy manpower everyday to change rates at midnight.

Saudi Aramco Seeks Exclusive Talks Over India Oil Refinery Stake: Oil Minister

India News | Thomson Reuters | Wednesday June 14, 2017

With the 1.2 million bpd refinery, the world's largest, India wants to have a greater say in the global fuel trade, Oil Minister Dharmendra Pradhan said.

GST Rate Lowered On Movie Tickets, Printers, Over 60 Items: 10 Facts

India News | Agencies | Sunday June 11, 2017

The GST or Goods and Services Tax Council met on Sunday to review demands raised by 133 industries seeking change from the fitments originally made under the four-slab indirect tax structure. Chaired by Union Finance Minister Arun Jaitley, the Council lowered the tax rate for 66 items of common use. While taxes on packaged foods and school bags and...

ONGC Eyes Hindustan Petroleum Corp In Rs 42,254 Crore Deal

Press Trust of India | Sunday June 11, 2017

Finance Minister Arun Jaitley had announced the creation of an integrated oil company during the 2017 budget.

Explain Petrol Pump Licence, Bharat Petroleum Tells Tej Pratap Yadav

India News | Reported by Manish Kumar, Edited by Anindita Sanyal | Wednesday May 31, 2017

Lalu Yadav's son and Bihar minister Tej Pratap Yadav has received a query from Bharat Petroleum. How did he get a licence for a petrol pump and why should it not be cancelled, the state owned oil firm wants to know. The minister has been given 15 days to respond.

Blast Kills One Ahead Of Prime Minister Narendra Modi's Visit To Assam

India News | Indo-Asian News Service | Thursday May 25, 2017

One person was killed in an explosion in the tea and oil rich Dibrugarh district of Assam on Thursday ahead of a visit by Prime Minister Narendra Modi to inaugurate a 9.15 kilometre-long bridge over the Brahmaputra river.

PM Modi Will Travel To Sri Lanka This Week, But No Deals On The Table: 10 Points

India News | Reported by Nidhi Razdan, Edited by Aloke Tikku | Monday May 8, 2017

Prime Minister Narendra Modi will travel to Sri Lanka this week to join celebrations on Vesak, or Buddha Day, but no deals will be signed during the Indian leader's second visit in three years to the strategically-located island nation. Sri Lanka President Maithripala Sirisena has made the announcement amid an opposition campaign against the visit,...

Reliance Industries' KG-D6 Gas Output Drops To 9% Of Target: Oil Minister

Press Trust of India | Monday March 20, 2017

In the current fiscal 2016-17, RIL and its partner have produced 2,641.67 mmscm of gas till February as against target of 29,316.69 mmscm, oil minister said.

India Imports Petrol, Diesel From China

Press Trust of India | Wednesday March 15, 2017

India imported 18,000 tonnes of petrol and 39,000 tonnes of diesel in the first nine months of the current fiscal year, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Rajya Sabha.

Tamil Nadu's New Protest Over Project From PM Narendra Modi's Big Oil Plan: 10 Points

Tamil Nadu News | Reported by J Sam Daniel Stalin, A Vaidyanathan, Edited by Raija Susan Panicker | Tuesday February 28, 2017

In what has been compared to this month's Jallikattu protests in Chennai, thousands of people gather every day in Neduvaasal village of Tamil Nadu's Pudukottai district to protest against a hydrocarbon extraction project by the centre. The villagers say the project will deplete ground water and destroy agriculture. College students from Chennai and...

Jaitley's Plans For Oil And Gas Require Caution And Review

Opinion | Mani Shankar Aiyar | Tuesday February 28, 2017

Finance Minister Arun Jaitley has revived through his budget speech a proposal first made in the mid-90s, and then in the early 2000s, that our public sector undertakings in the oil and gas sector be merged into one giant oil behemoth whose market value would top $100 billion, close to that of Exxon.

Man Who Moved Oil With His Words Won't Talk About It Anymore

Sharon Cho, Serene Cheong, Bloomberg | Tuesday February 28, 2017

Now that he's done with his near 21-year stint as Saudi Arabia's oil minister, during which his utterances could move everything from crude to currencies and stocks worldwide, Ali al-Naimi says he doesn't want to talk about the market anymore.