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.
Oil and Natural Gas Corp plans to relinquish its coal bed methane (CBM) block in Raniganj, West Bengal, but is on course to produce gas from another CBM block in Bokaro in February, a senior executive said.
Bharat Petroleum Corporation Limited (BPCL), India’s second largest state-owned oil marketer is mulling a merger with GAIL (India), India’s largest gas distributor, and Oil India
State-run gas utility GAIL is betting big on swap deals to keep the cost of liquid gas, imported under contracts signed during times of high global prices, competitive in the Indian market.
Consumers will continue to pay higher taxes on petrol and diesel as the government has no plans to lower the excise duty on fuel.
As oil minister, Dharmendra Pradhan quickly brought to scale two of the Narendra Modi government’s immensely successful welfare schemes – PaHAL, the direct transfer of LPG susbsidy and Ujjwala
Prime Minister Narendra Modi promoted petroleum minister Dharmendra Pradhan to cabinet rank on Sunday and gave him the additional charge of the skill development ministry.
The news on the Ujjwal Discom Assurance Yojana (UDAY) is a mixed bag. On the positive side, the financial metrics of state power distribution companies (discoms) improved in nine months of FY17, with their interest cost burden falling to 8.5%, as against 13% earlier. However, sustaining this performance would be a challenge in FY18 when […]
PwC, JM Financial and ICICI Securities are among the five consultants vying to become transaction adviser to the government’s over Rs. 33,000 crore stake sale in Hindustan Petroleum Corp Ltd HPCL to ONGC.
Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with production cuts to help rein in global oversupply and tackle flagging prices.