Petronet LNG Ltd (PLL), India’s importer of liquefied natural gas, has reported 20.4% drop in its net profit at Rs 225 crore.
1.50 increase in petrol to make the fuel 15% more costly in only three months, as international fuel prices have risen.
ONGC said it has signed an agreement with RIL to explore possibility of hiring Mukesh Ambani-run firm's infrastructure facilities on the east coast.
"We cannot be afraid of the ghosts of 2G, CBI, CAG, (when we take decisions of national importance)," Oil Minister M Veerappa Moily said.
The ministry wants to scale down the project to expeditiously complete it before the general elections scheduled next year.
Gail India said the long-term gas import contract with Gorgon project for about $15.67 per unit price is too high and does not reflect market reality.
Cooking gas will now be available at select petrol pumps in metro cities after the government allowed sale of small five kg cylinders.
The ruling alliance has already prepared a note for the Cabinet to give the state a Rs 37,230-crore project in Barmer, its biggest ever
Moily, who reviewed state oil companies' investment plans last week, has asked the ministry to identify about 10 high priority projects.
The oil ministry has exempted small, isolated fields from its gas utilisation and pricing policy. It will give them full marketing freedom.
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