The govt has decided to supply gas at regulated rates only to few consumers, a move that will boost the govt's revenue from the KG-D6 field.
Murli Deora said that they must mandatorily spend at least 2% of their net profits in the welfare of the society where they thrive.
Oil ministry has decided to shift the subsidy burden of 6K cr for 2010-11 among oil marketing firms as finance ministry has rejected demands to fully compensate refiners for selling fuel at low administered prices.
The $4-billion royalty issue, the bone of contention between Cairn and state-run ONGC, has delayed the transaction by nine months.
Senior executives of the three state-run oil cos confirmed that petrol prices were likely to rise after the meeting with Petroleum Minister Jaipal Reddy.
The $4-billion royalty issue is the bone of contention between Cairn and ONGC and state-run oil firm has delayed the transaction by nine months.
PMO directive comes former secretary EAS Sarma alleged that the company had a controversial track record in the mining and power sector.
The EGoM on fuel prices, will meet on May 11 to consider the oil ministry's proposal to raise diesel prices by Rs 5 per litre.
India is not willing to agree to Turkmenistan's price for natural gas from its Dauletabad gas field, as it would make it costlier than importing LNG.
MEA warns govt attempt may be considered as a denial of "fair and equitable treatment" under the Bilateral Investment Promotion Agreement with UK.
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