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Oil Ministry News

14 Mar 2024

Centre Slashes Petrol, Diesel Prices By Rs 2/Litre Across India

The revised rates will come into effect from 6 AM on Friday.

08 May 2023

Ban Diesel Cars In Cities With Over 10 Lakh Population: Oil Ministry Panel

A ban on diesel-powered four-wheelers in all million-plus cities and all towns with high pollution has to be enforced in five years, by 2027, the report stated.

21 Oct 2018

Marginal reduction in fuel prices; petrol at Rs 81.74 per litre in Delhi, Rs 8

On Sunday, petrol is being sold at Rs 81.74 per litre in Delhi and Rs 87.21 in Mumbai.

21 Oct 2018

Marginal reduction in fuel prices; petrol at Rs 81.74 per litre in Delhi, Rs 8

On Sunday, petrol is being sold at Rs 81.74 per litre in Delhi and Rs 87.21 in Mumbai.

28 May 2018

Oil ministry gives in-principle nod to launch petrol, diesel futures: ICEX

The development also comes at a time when state-run oil marketers have hiked petrol and diesel prices continuously for the past two weeks.

05 Apr 2018

Petrol, diesel should be under GST ambit, ball in FinMinistry court: Pradhan

Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday reiterated that his ministry wants petrol and diesel to be brought under the domain of Goods and Services Tax (GST). Speaking to Zee media about petrol price reaching 4-year high and diesel touching all-time high, Pradhan blamed the increase in crude oil price.

01 Apr 2018

Diesel price at all-time peak, petrol hits 4-year high

Petrol price hit a four-year high while diesel rates touched an all-time high in the national capital, renewing calls for the government to cut excise tax rates.

27 Sep 2017

Govt plans to sell stake in ONGC oilfields to private firms

ONGC produces 87 percent of its 25.53 million tonnes of oil from fields given to it on nomination basis.

16 Jul 2017

Oil Ministry intensifies monitoring of ONGC fields

The panels will review from annual work programme and budget to declaration of a discovery as commercial as also reservoir and production performance, monitoring of development activities and collaborations with other explorers.

22 Jun 2017

Mypetrolpump – This Bengaluru firm is 1st in India to deliver diesel at home

The one-time delivery charge is Rs 99 for up to 100 litres of diesel.

21 Apr 2017

Forget long queues at fuel stations! You may soon get home delivery of petrol and diesel

Government is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking to cut long queues at fuel stations.

Reliance Industries

14 Mar 2017

OilMin moves Cabinet to get RIL, ONGC pricing freedom

In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.

India`s fuel consumption

16 Jan 2017

India fuel consumption to hit 200 million tonnes in 2016/17 - oil ministry

India`s fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

09 Jan 2017

Islamic State posts snaps of major Syria gas factory being blown up

The Islamic State posted photos of what it said was bombing of Syria's largest gas factory, as sources in the Oil Ministry in Damascus said the photos seemed real but the bombing has not yet been confirmed.

20 Dec 2016

LPG subsidy: I-T dept to share data of taxpayers who earn over Rs 10 lakh annually

The Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all "individual" taxpayers whose annual income exceeds Rs 10 lakh, in an attempt to check pilferage of subsidy on cooking gas by the higher income groups.

16 Nov 2016

RIL slaps arbitration notice on govt over $1.55 bn demand: Minister

Reliance Industries has slapped an arbitration notice on the government over a demand USD 1.55 billion demand made on it for "unfairly enriching" by producing natural gas belonging to ONGC, Oil Minister Dharmendra Pradhan said today.

16 Oct 2016

Govt grants license to BP Plc for setting up 3,500 petrol pumps in India

Government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

06 Oct 2016

BP gets govt nod to set up retail pumps of petrol, diesel in India

BP Plc, Europe's third-biggest oil company, has received government approval to set up petrol pumps to retail petrol and diesel in India.

27 Sep 2016

ONGC board vertically split on claiming gas compensation

The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.

01 Jul 2016

Petrol, diesel price cut: Know the new rates in major Indian cities!

Petrol price was on Thursday cut by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months.

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