Petroleum Ministry

The government on Thursday amended the domestic pricing model of natural gas in line with the recommendations of the Kirit Parikh committee on gas pricing

More than 95.8 million gas connections have been released under PMUY as of February 2, 2023, reveals data available on the official PMUY website

He also tweeted that "Could India be the licensing wildcard of 2023" and added that this also means there's alignment & agreement from PM's office down to DGH that more offshore exploration is needed

No decision has been taken on how to utilise this money for green initiatives and the government is yet to come out with any guidelines too

Says he will meet with petroleum minister in next 15 days to discuss this

According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only 19.3 per cent to Rs 96.72 per litre

The committee has also recommended a ceiling price of $6.5 per mmBtu, which may be increased yearly by about $0.5 per mmBtu till 2027, Parikh said

Penn Globe is a market leader in foam control agents and chemical products

While several bankers and analysts have projected the difficulty of reaching this number, it is important to figure out where the target of 15 per cent came from

"All domestic gas cylinders will have QR code in the next three months", said IOCL chairman Shrikant Madhav

OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.

Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday

IOCL's pact with Petrobras was signed during petroleum secretary Pankaj Jain's visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL

The Ministry has not however categorically denied making a request to exempt certain oil blocks

The plan to offload the Centre's 52.98 percent stake in the oil major could not go forward as there was not sufficient number of bids

In comparison, India's overall non-petroleum exports grew 8 per cent during May-July while overall exports grew 15.1 per cent during the same period

The ministry imposed cess on petroleum products of Rs 6 a litre, Rs 13 per litre and Rs 6 on petrol, diesel and ATF exports, respectively, to improve domestic fuel supply and garner additional revenue

The surge in inflation is largely driven by rising fuel and food prices, government data showed

According to a report, the oil and gas companies had resisted the idea from the beginning as pipelines are core to their business

Union Petroleum and Natural Gas Minister Hardeep Puri said said special emphasis is being given on green hydrogen, biofuel blending and exploration and production of biofuel from alternative sources