Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has expressed hope that the petroleum products will also come under the ambit of Goods and Service Tax (GST) in the next one and half year.
To support the aforesaid programme, Oil PSUs have decided to set up 12 Second Generation (2G) Ethanol bio-refineries in 11 States of the Country as an effective tool for development of rural economy.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhanand Chhattisgarh Chief Minister Raman Singh inaugurated a terminal of Indian Oil Corporation on Wednesday.
Today, private firms own 5,474, or 9 per cent of the total outlets, with Essar being the leader with 3,980 stations.
India has recorded 45 percent jump in the number of petrol pumps in the last six years, possibly the highest growth rate in the world, as public and private sector firms jostled to capture retailing sites.
Oil Minister Dharmendra Pradhan today made a strong case for inclusion of natural gas in the Goods and Services Tax, saying that if polluting coal can be included, then the environment-friendly fuel certainly deserves a place in the new regime.
Renewing the call for bringing natural gas under the GST regime, Petroleum Minister Dharmendra Pradhan on Tuesday said the country needs an overarching policy covering various energy verticals in order to achieve self sufficiency and security in this critical sector.
Oil Minister Dharmendra Pradhan today strongly defended plans to build the Rs 2.7 lakh crore oil refinery on the west coast by 2022 despite the push for electric vehicles, saying that India needs multi-source fuels to meet its fast-growing energy needs.
Despite the recent fall in prices of imported LNG, the fuel still costs $6-7 per mmbtu to domestic consumers, clearly signalling the demand for gas at prices higher than $2.89 per mmbtu fetched by domestic explorers for shallow-water gas.
After announcing early rollout of Bharat Stage VI (BS-VI) emission norms in Delhi by April 1 next year, two years ahead of the earlier target, the Union ministry of petroleum and natural gas is now getting into a solution for crop stubble burning, a major reason for air pollution in the National Capital Region (NCR).