Govt allows Cairn to increase crude oil output from Rajasthan block after ONGC endorsement.
Gail India will set up India's first 4 million tonne capacity floating liquefied natural gas terminal off the Andhra coast with an investment of about Rs 2,000 crore.
Petrol State oil marketing firms have threatened the government that they would raise petrol rates by about Rs 10 a litre unless government cuts taxes
Oil secretary GC Chaturvedi has app roved Reliance Industries' plan to survey the entire deep-sea region of the D6 block.
An official panel has suggested that petrol pumps should be allowed to charge Rs 2 to fill air in two-wheeler, Rs 5 in car & Rs 20 in a truck or bus.
The oil ministry has called a crucial meeting of administrators of the KG-D6 block to deliberate upon RIL' plan to survey the entire deep-sea region.
The sale of fuel oil has been declining, which is a lower grade fuel than diesel, but is more costly as its price is not controlled by the government.
A Vedanta group company, has announced an oil discovery in its onshore block in the KG basin where it had made a gas discovery.
Independent directors were regularly asking 'uncomfortable questions' about the decision of oilcos to sell petrol below market price.
Iran India is looking at importing more LNG from Qatar and planning to step up crude oil imports from the country.
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