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

Oil companies say no directive from govt to defer price hike

Shares of IOC fell as much as 7.6 per cent after the news of government asking oil firms to not raise prices broke.

11 April 2018 7:45 PM IST

Prime Minister Narendra Modi

PM Modi poster torn down by activists in Odisha

The frequent price hike in fuel and petroleum products in the past few days triggered protests by the political parties...

9 April 2018 12:28 AM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

Oil minister Pradhan inaugurates PM Ujjwala Yojana In Delhi

He asked the rich families to sacrifice Gas Subsidy so as to enable the poor families to get gas connection.

8 April 2018 2:19 PM IST

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

Pradhan for inclusion of petroleum products in GST ambit

The state governments are gradually making up their mind in this direction.

6 April 2018 9:12 AM IST

India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project.

India to offer USD 3-4 billion development plan for Iran gas field

The new terms confine Indian companies to just production of gas and development of the field.

5 April 2018 11:28 AM IST

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.

2 April 2018 4:24 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

Ratnagiri refinery: Pradhan says open to offer majority stake to...

Saudi Aramco has reportedly sought majority ownership in the mega refinery-cum-petrochemical complex.

1 April 2018 5:58 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Ethanol-mixed petrol saved foreign exchange, lowered emission: Pradhan

Almost 67 crore litres of ethanol was blended with petrol in 2016-17.

25 July 2018 5:42 PM IST

Reliance Industries limited

Govt moves Delhi HC to recover USD 3.8 bn from Reliance, Shell, ONGC

The liability is to be split between the three companies in proportion to their stake in the fields.

25 July 2018 5:27 PM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

India has taken note of US sanctions on Iran, says Dharmendra Pradhan

In 2017-18, India bought 22.6 million tonnes of crude oil from Iran, Pradhan said.

25 July 2018 5:15 PM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said. (Representational Image/AFP)

Iran replaces Saudi Arabia to become second largest oil supplier to...

India, Iran's top oil client after China, shipped in 5.67 mn tonnes per day of oil from country in first three months of...

23 July 2018 6:09 PM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

Govt offers incentives to state-owned oil and gas firms

Pradhan said the government also decided to give tax exemption on capital spending on oil and gas blocks given before...

18 July 2018 6:44 PM IST