Oil Minister Dharmendra Pradhan

India's fuel demand, hit by a deadly second wave of coronavirus, would recover to pre-pandemic levels by the end of this year, oil minister Dharmendra Pradhan said on Tuesday.

Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday blamed the recent surge in global crude oil prices for the fuel price hike in India.

Union Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan on Friday dismissed his Saudi counterpart's advice to reduce oil stores to tackle high crude prices, describing the comment as "undiplomatic."

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.

Amid surging fuel prices in the country, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan on Sunday termed "less fuel production by manufacturing countries to gain more profit" as one of the reasons behind the price hike.

"The price-sensitive Indian consumers are affected by rising petroleum product prices," Oil Minister Dharmendra Pradhan said ahead of a policy-setting meeting of the OPEC

The government will provide Rs 1 lakh crore additional income to farmers that will be generated by converting waste into energy, Union Petroleum and Natural Gas Minister Dharmendra Pradhan told Rajya Sabha on Thursday.

Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit

Dharmendra Pradhan, Minister for Petroleum and Natural Gas, said on Monday that fuel prices have gone up because of lower production in oil-producing countries on account of coronavirus pandemic

West Bengal found a place in the oil map of India as Union Minister Dharmendra Pradhan on Sunday dedicated an oil and gas producing field in North 24 Parganas district to the nation.

India's share of global energy consumption was set to rise from the current 7 per cent to 12 per cent by 2050, oil minister Dharmendra Pradhan said.

Union Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan inaugurated Indian Oil's compact reformer plant and launched the much-awaited trial run of Delhi's buses on Hydrogen-blended CNG (HCNG) at the Rajghat Bus Depot-I of Delhi Transport Corporation (DTC) on Tuesday.

Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm.

India and the US have signed an MoU to develop a strategic petroleum reserve in America and the two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Friday.

India's fuel demand, hit by a deadly second wave of coronavirus, would recover to pre-pandemic levels by the end of this year, oil minister Dharmendra Pradhan said on Tuesday.

Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday blamed the recent surge in global crude oil prices for the fuel price hike in India.

Union Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan on Friday dismissed his Saudi counterpart's advice to reduce oil stores to tackle high crude prices, describing the comment as "undiplomatic."

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.

Amid surging fuel prices in the country, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan on Sunday termed "less fuel production by manufacturing countries to gain more profit" as one of the reasons behind the price hike.

"The price-sensitive Indian consumers are affected by rising petroleum product prices," Oil Minister Dharmendra Pradhan said ahead of a policy-setting meeting of the OPEC

The government will provide Rs 1 lakh crore additional income to farmers that will be generated by converting waste into energy, Union Petroleum and Natural Gas Minister Dharmendra Pradhan told Rajya Sabha on Thursday.

Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit

Dharmendra Pradhan, Minister for Petroleum and Natural Gas, said on Monday that fuel prices have gone up because of lower production in oil-producing countries on account of coronavirus pandemic

West Bengal found a place in the oil map of India as Union Minister Dharmendra Pradhan on Sunday dedicated an oil and gas producing field in North 24 Parganas district to the nation.

India's share of global energy consumption was set to rise from the current 7 per cent to 12 per cent by 2050, oil minister Dharmendra Pradhan said.

Union Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan inaugurated Indian Oil's compact reformer plant and launched the much-awaited trial run of Delhi's buses on Hydrogen-blended CNG (HCNG) at the Rajghat Bus Depot-I of Delhi Transport Corporation (DTC) on Tuesday.

Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm.

India and the US have signed an MoU to develop a strategic petroleum reserve in America and the two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Friday.