Attributing the recent rise in fuel prices to a hurricane in the US, Union minister Dharmendra Pradhan today said the rates will come down in the next few days.
Oil India Limited (OIL) Chairman and Managing Director Utpal Bora said that while natural gas production was 2937 MMSCM in 2016-17 as against 2838 MMSCM during 2015-16, natural gas sales was 2412 MMSCM as against 2314 MMSCM during 2015-16.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Saturday inaugurated the Pradhan Mantri LPG Panchayat as a backup to the Pradhan Mantri Ujjwala Yojana in Gandhinagar.
Attributing the recent rise in fuel prices to a hurricane in the US, Union Minister Dharmendra Pradhan on Saturday said the rates will come down in the next few days.
Foreign ships have begun turning to Sri Lanka and Bangladesh for refueling, prompting the petroleum ministry to seek an exemption from integrated goods and services tax (IGST) on bunker fuel.
The fall in crude oil prices in the past three years — induced partly by a demand shock and a supply glut — has given a fiscal bonanza to the Union government, the benefits of which have not been entirely transferred to retail consumers in the country.
Indian oil PSUs are mulling to acquire up to 20 per cent stake in an oil field belonging to Abu Dhabi National Oil Company (ADNOC) in UAE, Utpal Bora, CMD of Oil India Limited said today.
The latest discovery of India’s largest oil explorer, Oil and Natural Gas Corp , to the west of its Mumbai High offshore fields is estimated to hold in-place reserves of about 20 million tonnes, sources with knowledge of the matter said.
British oil explorer Cairn Energy today said final hearing in the international arbitration it has initiated against a Rs 10,247 crore retrospective tax demand raised by India, has been pushed back by about six months to August 2018.
India is considering expanding hydrocarbon cooperation with resource-rich Kazakhstan including exploration and production of hydrocarbons and participation of Indian companies in the oil and gas sector of Central Asia’s biggest country.