Oil minister Dharmendra Pradhan Tuesday said the government does not interfere in the pricing of petroleum products which had been deregulated, allowing state-owned retailers to fix rates based on the international benchmark.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday urged Russian energy company Rosneft to enhance its presence in the Indian fuel retailing sector.
Ahead of the US sanctions against Iran, India on Tuesday said availability of crude oil to replace lost volumes is not an issue but the “sentiment” around losing a big oil supplier is driving prices higher.
The price of crude oil is being driven by sentiments that pose a challenge for India according to Minister for Petroleum and Natural Gas, Dharmendra Pradhan. Speaking with reporters at the sidelines of the India Energy Forum
The government is said to have asked oil PSUs to consider Rs 20,000 crore in share buybacks, ET Now reported quoting agencies. The latest amount was double of Rs 10,000-crore buybacks an ET report anticipated on Monday.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Monday asserted that households having access to clean cooking fuel has increased from 55 per cent four years ago to 87 per cent now due to central government’s determined efforts to provide universal access to clean cooking fuel to the poorest of the poor.
Earlier on Wednesday, Odisha Governor Ganeshi Lal laid the foundation of the BPCL ethanol bio-fuel refinery plant in Bargarh.
Union Petroleum Minister Dharmendra Pradhan on Wednesday said that refinery plant under Bharat Petroleum Corporation Limited (BPCL) will make the country less reliant on other for crude oil and will also fulfill Prime Minister Narendra Modi
Oil Minister Dharmendra Pradhan Monday said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.
Oil minister Dharmendra Pradhan on Monday said there was no question of going back on deregulation of fuel pricing despite the government asking state-owned firms to subsidise petrol and diesel by Re 1 per litre.
Two Indian companies have placed orders to buy Iranian oil in November, oil minister Dharmendra Pradhan said on Monday, adding that India does not yet know if it will be granted a waiver from U.S. sanctions on Iran.