Oil Ministry

The government is yet to accept a report of the energy transition committee that recommended banning the use of diesel-powered four-wheelers in cities with over 10 lakh population and switch to electric and gas-fuelled vehicles by 2027, the oil ministry said.

BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the ministry of petroleum and natural gas.

Approval has also been sought for the expenditure of the Ministry of Petroleum and Natural Gas towards payments of LPG subsidies to oil marketing companies and LPG connections, among others totalling to Rs 29,944 crore.

"The first half losses are publicly available. Add to that the LPG subsidy and you would arrive at approximate loss they have incurred," an official said.

Indian Oil, a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas, has launched a unique code-based track and trace initiative for LPG cylinders used for domestic purposes.

Government has mentioned in a written reply to Rajya Sabha that private players in the country are free to use drones for delivery purposes subject to compliance with Drone Rules, 2021. MoS for Civil Aviation, General VK Singh (Retd), said that last year in September, the government notified the Production-Linked Incentive (PLI) scheme to promote t...

The Department of Food and Public Distribution has directed leading edible oil associations to ensure a reduction in the maximum retail price (MRP) of edible oils by Rs 15 (per litre) with immediate effect, the Ministry of Consumer Affairs, Food & Public Distribution said on Friday.

The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.

Iran summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media.

India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10 per cent of all crude bought from overseas

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has sought its intervention to create a viable investment environment.

In a bid to rein in private fuel retailers curtailing operations to cut losses, Government has expanded the scope of Universal Service Obligation

Consumption of fuel, a proxy for oil demand, totalled 18.27 million tonnes last month, according to data from the Indian oil ministry's Petroleum Planning and Analysis Cell.

With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses

Iran summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media.

The government is yet to accept a report of the energy transition committee that recommended banning the use of diesel-powered four-wheelers in cities with over 10 lakh population and switch to electric and gas-fuelled vehicles by 2027, the oil ministry said.

BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the ministry of petroleum and natural gas.

Approval has also been sought for the expenditure of the Ministry of Petroleum and Natural Gas towards payments of LPG subsidies to oil marketing companies and LPG connections, among others totalling to Rs 29,944 crore.

"The first half losses are publicly available. Add to that the LPG subsidy and you would arrive at approximate loss they have incurred," an official said.

Indian Oil, a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas, has launched a unique code-based track and trace initiative for LPG cylinders used for domestic purposes.

Government has mentioned in a written reply to Rajya Sabha that private players in the country are free to use drones for delivery purposes subject to compliance with Drone Rules, 2021. MoS for Civil Aviation, General VK Singh (Retd), said that last year in September, the government notified the Production-Linked Incentive (PLI) scheme to promote t...

The Department of Food and Public Distribution has directed leading edible oil associations to ensure a reduction in the maximum retail price (MRP) of edible oils by Rs 15 (per litre) with immediate effect, the Ministry of Consumer Affairs, Food & Public Distribution said on Friday.

The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.

Iran summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media.

India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10 per cent of all crude bought from overseas

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has sought its intervention to create a viable investment environment.

In a bid to rein in private fuel retailers curtailing operations to cut losses, Government has expanded the scope of Universal Service Obligation

Consumption of fuel, a proxy for oil demand, totalled 18.27 million tonnes last month, according to data from the Indian oil ministry's Petroleum Planning and Analysis Cell.

With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses

Iran summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media.