Indian oil imports to drop 10% over next six years: Pradhan
India will cut oil imports by 10 percent in next six years by raising domestic output, conserving fuel and shifting to alternate sources like natural gas, Oil Minister Dharmendra Pradhan said Tuesday.
Mar 22, 2016, 21:24 PM IST
Start-up funding being explored for oil, gas sector: Pradhan
State-run oil and gas companies are planning to create a venture capital fund to encourage start-ups to develop new business models and infuse innovation into India`s hydrocarbons sector, Petroleum Minister Dharmendra Pradhan said on Tuesday.
Mar 22, 2016, 17:10 PM IST
Oil Minister Dharmendra Pradhan to visit Iran on April 6-7
Accompanied by ONGC Videsh Ltd Managing Director Narendra K Verma and Indian Oil Corp (IOC) Chairman B Ashok, Pradhan's visit is aimed at engaging with leadership of the oil and gas rich nation that has just come out of international sanctions.
Mar 21, 2016, 17:49 PM IST
India discussing oil-for-food scheme with oil rich nations: Govt
India needs large amount of crude oil for meeting its energy needs while the Middle East countries are short in food production.
Mar 11, 2016, 18:51 PM IST
Govt approves licence extension for 28 oil and gas fields
The Cabinet on approved extending licences of 28 small- and medium-sized oil and gas fields, but there was no decision on Cairn India's prolific Rajasthan oil block.
Mar 10, 2016, 13:19 PM IST
Petrol, diesel, LPG to be cheaper in Maharashtra: Girish Bapat
Petrol, diesel, LPG and kerosene will now be available at cheaper rates in Maharashtra as oil marketing companies have agreed to do away with the additional surcharge on products, state Consumer Protection Minister Girish Bapat has said.
Mar 04, 2016, 13:48 PM IST
Govt to give 5 crore LPG connections on concessional rate
Government will provide five crore LPG connections on a concessional rate to below poverty line (BPL) families over three years till 2018-19, Oil Minister Dharmendra Pradhan said Monday.
Feb 29, 2016, 17:26 PM IST
New crude import policy for spot buys soon: Dharmendra Pradhan
Oil Ministry will soon come up with a Cabinet note on new crude import policy for spot crude purchases by state-owned refiners, doing away with the long-followed tendering process, Minister Dharmendra Pradhan said Monday.
Feb 15, 2016, 20:48 PM IST
UAE's ADNOC to store crude in India's strategic facility; to give two-third of oil for free
In a first of its kind deal, UAE's national oil company Adnoc has agreed to store crude oil in India's maiden strategic storage and give two-third of the oil to it for free.
Feb 10, 2016, 23:10 PM IST
Dalit students threaten suicide: Bihar govt must look into matter without delay, says Dharmendra Pradhan
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Thursday said that the Bihar government needs to look into the matter of sixty Dalit students threatening to commit suicide.
Feb 04, 2016, 15:32 PM IST
Govt seeks $2.2 billion to build second phase of strategic oil reserves
Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country.
Feb 04, 2016, 14:45 PM IST
Oil ministry mulling new LPG connections on EMIs: Dharmendra Pradhan
Targeting to add 10 crore new LPG connections in next three years, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan Sunday said oil marketing companies are mulling to sell new cooking gas on an EMI basis, just like for other consumer durables.
Jan 24, 2016, 20:12 PM IST
Govt plans to open 10,000 new LPG dealers in 2016
Government has set an ambitious target of opening 10,000 new LPG dealerships in 2016 on top of around 16,000 existing dealers in the country.
Jan 15, 2016, 22:31 PM IST
PM Narendra Modi meets oil bigwigs to give fillip to investments
Modi emphasised on the need for taking a fresh look at the sector.
Jan 05, 2016, 15:42 PM IST
Narendra Modi govt to make LPG available to all households in 3 years
Modi government on Friday declared 2016 as the 'Year of LPG Consumers' while unveiling plans to make the clean cooking fuel available to all households by end of 2018 and roll out online bill payment facility and transparent gas cylinders.
Jan 01, 2016, 18:56 PM IST
Great news for CNG car users! Now buy CNG in NCR at concessional rates during odd hours
Oil Minister Dharmendra Pradhan on Thursday said that CNG in NCR will be sold at concessional rates during odd hours of the day to reduce rush at CNG pumps.
Dec 31, 2015, 15:09 PM IST
Govt decides to limit LPG subsidy for tax payers earning over Rs 10 lakh
Government has decided that consumers with taxable income above Rs 10 lakh per year will not get LPG subsidy from January 2016.
Dec 28, 2015, 19:27 PM IST
India's energy demand will be double by 2040: Pradhan
India's energy demands will be more than double by 2040 as the economy will grow over five times its current size, Petroleum Minister Dharmendra Pradhan said Monday.
Dec 21, 2015, 20:35 PM IST
Shah Committee to look into RIL, ONGC dispute: Pradhan
A one-man committee was constituted Wednesday to look into acts of omission and commission and recommend compensation to ONGC whose natural gas from Bay of Bengal block had flowed to adjoining fields of Reliance Industries.
Dec 16, 2015, 19:31 PM IST
Oil Ministry pitches for ad-valorem levy of oil cess
The Petroleum Ministry wants the Finance Ministry to cut cess on crude oil and make it ad valorem in view of the slump in global oil rates, Oil Minister Dharmendra Pradhan said Tuesday.
Dec 15, 2015, 23:04 PM IST
