The government is finalising an HR policy where state-run ONGC and Oil India could hire dedicated cadre for the Directorate General of Hydrocarbons (DGH).
State oil firms will immediately purchase 11 crore litre of ethanol from sugar mills at the market price of Rs 42 a litre.
A new team has taken charge in the petroleum ministry and has firmly directed bureaucrats in the DGH to quickly act on long-pending decisions.
The government has accepted RIL’s contention that in this case CAG would conduct the audit on behalf of the oil ministry.
The government has not been able to walk the talk. A special recruitment drive initiated by it has failed to meet targets.
Diesel sales dropped 2% in February compared to a year ago and going in reverse gear after galloping for four years.
This will be the second petrol price cut since March 15 when state oil firms reduced the fuel price by Rs 2.40 per litre.
DIPP turns down oil companies like ONGC, Oil India, Jubilant Energy and Assam Company demand for sops on N-E activities
The department of industrial policy and promotion (DIPP) has turned down the proposal saying oil and gas explorers do not manufacture products.
Kelkar has urged govt to put on hold changes in the fiscal regime for oil firms as recommended by a panel headed by C Rangarajan, a key aide of the PM.
Cairn India, will start commercial sale of gas from its onshore oilfield in Rajasthan to fertiliser firms in Gujarat from this month.
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