Voluntary use of public transport is part of Moily’s fuel conservation campaign which aims to save $5 billion oil import bill.
Regulatory authorities are obstructing oil minister Veerappa Moily's moves to quickly resolve the controversy around Reliance Industries' KG-D6 field.
Dudley will rub shoulders with the Modi a year after UK ended the decade-long diplomatic isolation that Western countries had imposed on him.
Oil Minister Veerappa Moily launched the sale of five-kg cooking gas cylinders at market price with minimal documentation.
Gurudas Dasgupta has shot another letter to the Manmohan Singh alleging that Veerappa Moily is favouring Reliance Industries.
The cabinet on Thursday approved state-run ONGC and Oil India’s $5 billion deal to acquire 20% stake in a prolific Mozambique block.
CNPC pre-empted its move and bought 20% stake in September. The Indian consortium will face tough competition from Japanese firms as well.
The model is to be implemented in identified petrol pumps in Delhi, Kolkata, Chennai and Mumbai, government and industry officials said.
S Varadarajan, Director (Finance) has taken over as CMD of BPCL from Oct 1.
The government does not plan any sharp increase in diesel or cooking gas rates, but it is making aggressive strategies to cut oil imports, Moily said.
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