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Despite EV push, India needs to expand refining capacity by 80% to meet fuel needs: Pradhan

The world's third-largest energy consumer would need a combination of cleaner diesel and petrol, compressed natural gas (CNG), biofuels and electric vehicles (EVs) for meeting its transportation needs, he said.

Motihari-Amlekhguni oil pipeline to start commercial operation next month

Along with reducing the huge transportation cost for the landlocked country, the commercial operation of the oil project will also ensure reduction in fuel prices.

IEA revising oil demand growth forecast down on slowing economy

The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Fatih Birol said.

India's overhauled oil policy unlikely to be a game-changer: Wood Mackenzie

In the overhauled policy, more importance has been given to work programmes rather than revenue shared with the government.

Can’t afford to ban vehicles run on fossil fuel: Dharmendra Pradhan

Government has no plans to ban the sale of fossil fuel-driven vehicles as India cannot afford to do so.

Iran set to invest in Chennai Petroleum Corporation, says ambassador

Iran has seen a massive drop in export earnings which is eating into funds for social development.

OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8

It had won a total of 53 oil and gas blocks under the government's open acreage licensing policy (OALP) and Discovered Small Field (DSF) rounds, Dixit said.

India to launch rules to end gas distributors' monopoly in 34 cities

In 2009, PNGRB gave exclusive gas marketing rights, initially for 5 years, to cos who had established gas distribution networks in cities.

BPCL buys gasoline for Kandla in rare move

BPCL bought 20,000 tonnes of 91.2-octane grade gasoline at a premium of about $9 a barrel to Singapore quotes on a cost-and-freight (C&F) basis.

Tripling oil exploration area on cards for boosting discoveries

Recent policy reforms and the emergence of new geological data from the National Seismic Programme should help attract big investments in the sector, oil ministry officials said.

Government mulling splitting GAIL; to sell pipeline business to strategic investor

Government mulling splitting GAIL; to sell pipeline business to strategic investor

GAIL is India's biggest natural gas marketing and trading firm and owns more than two-thirds of the country's 16,234-km pipeline network, giving it a stranglehold on the market.

86 per cent Ujjwala beneficiaries return to take 2nd refill

86 per cent Ujjwala beneficiaries return to take 2nd refill

Dharmendra Pradhan said during the last five years, Oil Marketing Companies (OMCs) have commissioned more than 9,000 LPG distributorships to make LPG easily available and accessible to customers.

Govt wants ONGC to sell golf course in Ahmedabad that has oil wells

Govt wants ONGC to sell golf course in Ahmedabad that has oil wells

ONGC had built the one in Ahmedabad after it struck oil in the city more than two decades back.

Will ask petroleum ministry to allow setting up of ethanol pumps: Nitin Gadkari

Will ask petroleum ministry to allow setting up of ethanol pumps: Nitin Gadkari

The move will open up opportunities for sugarcane farmers in the country and create jobs in the agriculture sector, Gadkari said.

Assam Gas Company, Oil India, GAIL sign agreement for setting up of new CGD

In these five districts, approximately 4.16 lakh households will be connected with the Piped Natural Gas (PNG) and 72 CNG stations will be set up in these districts.

No proposal to merge state-owned firms: Oil Minister Dharmendra Pradhan

No proposal to merge state-owned firms: Oil Minister Dharmendra Pradhan

ONGC had last year acquired government stake in Hindustan Petroleum Corporation.

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