Oil Ministry

Saturday, Apr 20, 2024 | Last Update : 06:55 PM IST

India aims for half of state-run fuel stations to be solar-powered in five years. (PTI Photo)

50% of state-run fuel stations will be solar powered in five years: Oil minister

They have currently installed a combined 270 MW of solar power capacity and will add 60 MW more capacity in the coming year, Pradhan said

09 Sep 2020 6:42 AM

Govt mulls installing EV charging kiosks at around 69,000 petrol pumps in country. (Photo- Twitter/@AutoCarrpo)

Centre mulls installing electric vehicle charging kiosks at 69,000 petrol pumps

Under the new guidelines of the oil ministry, new petrol pumps must have an option of one alternative fuel

06 Sep 2020 2:13 PM

India’s fuel demand rose by nearly 50% in May from the previous month as the country eased coronavirus-led restrictions. (PTI Photo)

Fuel demand jumps nearly 50% in May as lockdown restrictions ease

Petrol and diesel sales in May, however, increased by 81.8% and 69.1% respectively from April

11 Jun 2020 11:14 AM

With retail prices moderating, petrol consumption soared 8 per cent to 2.25 million tonnes. (Photo: File)

India's fuel demand rises 3.8 per cent in February

Fuel consumption in Feb totalled 17.41 million tonnes as compared to 16.77 million tonnes in same month last year.

19 Mar 2019 2:51 PM

The oil explorer is opposed to the plan as it feels it should be allowed the same terms that the government extends to private and foreign firms in DSF.

Govt may sell 149 ONGC fields to private firms

This is the second attempt by the oil ministry to take away some of the fields of ONGC for private and foreign companies.

12 Nov 2018 11:27 AM

The Law Ministry has held that an international arbitration panel's ruling rejecting the government's demand for USD 1.5 billion from Reliance Industries and its partners for allegedly siphoning gas from fields of ONGC is a fit case for appeal, sources in know of the development said. (Photo: PTI)

Govt to appeal against panel rejecting its USD 1.5 bn claim against Reliance

It felt the award is a fit case for a challenge in the High Court.

16 Sep 2018 11:23 AM

India's fuel demand jumped 8.6 per cent in June as falling rates led to rise in consumption.

India's fuel demand jumps 8.6 per cent in June

Fuel consumption in June totalled 17.99 million tonne as compared to 16.56 MT in the same month last year.

12 Jul 2018 7:00 PM

India’s oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports of Iranian oil from November.

India preparing for cut in oil imports from Iran

Dharmendra Pradhan told reporters in Mumbai that the country would attend to its interests while deciding on oil imports.

29 Jun 2018 11:31 AM

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

India to cut Iran oil imports after US govt’s push

India has said it does not recognise unilateral restrictions imposed by the United States, and instead follows UN sanctions.

29 Jun 2018 6:26 AM

In a bid to make it easier for explorers to find and produce more oil and gas, the government has allowed companies to go beyond their allocated block boundaries if a discovery were to extend outside their contracted area.

Govt allows companies to explore for oil, gas beyond block boundaries

The ministry also simplified the process of companies to pay for unfinished committed exploration and drilling work.

26 Jun 2018 2:27 PM

An international arbitration tribunal has concluded hearing in the USD 1.55 billion claims made against Reliance Industries and its partners for allegedly syphoning gas from deposits they had no right to exploit and is expected to pronounce a judgement next month.

Arbitration award in Reliance-ONGC gas row next month

The three-member panel is likely to give its award in July.

10 Jun 2018 1:16 PM

The oil ministry has given its in-principle approval for futures trading in petrol as well as diesel and the final clearance from regulator Sebi should come soon.

Oil ministry gives in-principle nod to launch petrol, diesel futures: ICEX

The decision was taken by the ministry after consultations with oil marketing companies and other experts.

28 May 2018 7:23 PM

Petrol price today hit Rs 74.40 a litre - the highest level under the BJP-led government, while diesel rates touched a record high of Rs 65.65.

Petrol price hit highest level under BJP govt, diesel at record peak

The hike, necessitated due to firming international oil prices.

22 Apr 2018 11:15 AM

Companies are fixing the fuel prices on the basis of international oil prices.

Govt’s tacit diktat: Petrol price shouldn’t breach Rs 75 in Delhi

In all, Rs 11.77 hiked duty on petrol per litre and that on diesel by 13.47 a litre.

13 Apr 2018 9:22 AM

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Dharmendra Pradhan says govt keeping close eye on oil prices

He said there is no going back on free market pricing.

02 Apr 2018 4:24 PM

Petrol price hits 4-year high, diesel at highest level

India has the highest retail prices of petrol and diesel among South Asian nations.

01 Apr 2018 1:55 PM

Petrol and diesel account for about half of India’s refined fuel consumption.

India's oil ministry seeks cut in excise duty on petrol, diesel in budget

A litre of petrol costs 72.23 rupees while diesel is sold at 63.01 rupees.

23 Jan 2018 11:18 AM

Oil Ministry has identified 15 producing oil and gas fields of ONGC and Oil India Ltd for handing over to private firms on the premise of raising output.

ONGC officers seek PM intervention to stall Oil Ministry's move

ONGC is investing heavily in new technology and processes to improve recovery from the ageing fields.

27 Nov 2017 3:20 PM

The 15 fields selected are out of review of 202 fields operated by the national oil companies.

Govt to give 60 per cent stake in ONGC fields to pvt firms

Oil ministry has identified 11 more producing oil and gas fields of the state- run firm for handing over to private firms to raise output.

05 Nov 2017 1:14 PM

Oil Minister Dharmendra Pradhan. (Photo: File)

Stressed upon developing transparent market for LNG: Pradhan

He adds competitive market for LNG is important for India as it imports 50 pc of gas need as LNG.

18 Oct 2017 11:17 AM

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Shobhaa De

oil ministry