Oil Minister

Minister's Assurance As Fuel Rates Go Up 11th Time In 11 Days: 10 Facts

India News | Edited by Divyanshu Dutta Roy | Thursday May 24, 2018

The government is looking at both short-term and long-term solutions to the rocketing fuel prices, Oil Minister Dharmendra Pradhan said on Thursday as state-run oil companies increased rates for the 11th straight day. Prices of diesel and petrol in India have surged to a record high, stoking acerbic criticism from the opposition of Prime Minister N...

Government Looking At Short-Term, Long-Term Solutions On Petrol, Diesel Prices: Oil Minister

Business | Thomson Reuters | Thursday May 24, 2018

Rising global crude oil prices are largely behind the surge, but fuel is also heavily taxed by state and central authorities, accounting for about 40-50 per cent of the retail cost of petrol and diesel.

Saudi Arabia Assures Government On Oil Price Remaining "Reasonable"

Business | Thomson Reuters | Thursday May 17, 2018

Saudi energy minister has assured "of adequate supplies to offset any potential shortfalls," says Oil Minister Dharmendra Pradhan.

After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery

Business | Anthony DiPaola, Mahmoud Habboush and Tracy Alloway, Bloomberg | Monday May 14, 2018

Adnoc is among Middle Eastern crude producers, including Saudi Arabia and Kuwait, that are boosting refining, marketing and petrochemical capacity to bolster and diversify income.

Too Early To Predict Sanctions Impact On Iran Imports, Says Oil Minister

India News | Reuters | Saturday May 12, 2018

It is too early to predict the impact of US sanctions on India's import of Iranian oil, union petroleum and natural gas minister Dharmendra Pradhan said today. Mr Pradhan told Reuters during a visit to the United Arab Emirates that he was "a little bit concerned" about the impact of an oil price rise on consuming countries but that he did not think...

Bahrain Just Discovered 80 Billion Barrels Of Oil

World News | Reuters | Wednesday April 4, 2018

A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom's biggest ever find, Bahrain's oil minister said.

Petrol, Diesel Prices Hiked For Sixth Day In A Row, Soar To New Highs

Business | NDTV Profit Team | Tuesday April 3, 2018

Oil Minister Dharmendra Pradhan has said that consumers will benefit if petrol and diesel are brought under Goods and Services Tax (GST) regime.

Government Rules Out Excise Duty Cut To Cushion Petrol Prices

Business | Press Trust of India | Monday April 2, 2018

Oil Minister Dharmendra Pradhan said the government is keeping a close eye on international prices but said there is no going back on free market pricing.

Seeking A 'Reasonable' Oil Price From Saudi Arabia, Says Oil Minister

Business | Thomson Reuters | Friday February 23, 2018

In a bid to woo Saudi Arabian investment, India has offered a stake in the country's strategic oil reserves storage facility, Oil Minister Dharmendra Pradhan said.

Just 4 States,1 Union Territory Cut Tax On Petrol, Diesel, Says Oil Minister

Business | Press Trust of India | Monday February 5, 2018

Petrol and diesel prices have soared to a three-year high in January.

Trying To Bring Petrol, Diesel Under GST, Says Dharmendra Pradhan

Business | Press Trust of India | Sunday January 21, 2018

The spike in petrol rates in the international market has impacted the cost of the fuel in India, the Union Oil Minister said.

Centre Wants GAIL To Focus On Building Gas Pipelines In Eastern India

Business | Thomson Reuters | Wednesday January 10, 2018

"Our priority, and expectation from GAIL is to focus on building pipelines mainly in eastern India," said Oil Minister Dharmendra Pradhan.

Euro-VI Fuel To Be Supplied In Delhi From April, Says Oil Minister

Business | NDTV Profit Team | Wednesday November 22, 2017

Euro-VI grade fuel contains 10 parts per million (ppm) of sulphur as against 50 ppm in Euro-IV fuels.

Centre Evasive On Further Cut In Petrol, Diesel Excise Duty

Business | Press Trust of India | Thursday November 9, 2017

Oil Minister Dharmendra Pradhan remained non-committal on cutting excise duty on petrol and diesel.

IGL Launches Prepaid Smart Cards For CNG, Cooking Gas

Business | Press Trust of India | Wednesday October 11, 2017

Oil Minister Dharmendra Pradhan said at the launch that the new cards are part of Digital India Campaign envisaged by Prime Minister Narendra Modi to move towards a less-cash society.