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Petroleum Ministry

India Energy Week 2025 set to be 2nd largest energy event globally: 5 things to know

India Energy Week 2025 set to be 2nd largest energy event globall...

Mon, Feb 10, 2025

Spanning more than one lakh square metres with a keen focus on innovation, the central government has said that IEW is set to be the second largest energy event across the globe, in terms of participation, exhibition space and sessions. The IEW 2025 event will be organised at the Yashobhoomi international convention and expo centre in Dwarka, New Delhi. The event is set to record unparalleled global participation from ministers, CEOs and industry leaders in the country’s crucial energy space.

Government increases windfall tax on domestic crude to Rs 12,100 per tonne, cuts levy on diesel & ATF

Government increases windfall tax on domestic crude to Rs 12,100...

Fri, Sep 29, 2023

The government hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30. In the last fortnightly review on September 15, windfall tax on domestically produced crude oil was set at Rs 10,000 per tonne.

Petroleum Ministry eases Make in India norms to usher foreign competition

Petroleum Ministry eases Make in India norms to usher foreign com...

Wed, Jul 12, 2023

The thresholds were greatly reduced on Tuesday through a Ministry order whereby the domestic content contribution was lowered to 30 per cent — gradually escalating to 50 per cent

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Exclusive: Oil ministry seeks financing avenues for strategic petroleum reserves phase 2 projects under PPP mode, sources say

Exclusive: Oil ministry seeks financing avenues for strategic pet...

Tue, Sep 08, 2020

Under phase 2, the government has given its nod for the construction of an additional 6.5 mt of strategic crude oil reserves at Padur in Karnataka with the capacity of 2.5 mt and at Chandikhol (4 mt) in Odisha.

Oil, Gas Sector Alert! Reform and revival - Inside details of Modi government's possible steps | Specialist wing under Petroleum Ministry

Oil, Gas Sector Alert! Reform and revival - Inside details of Mod...

Sun, Dec 01, 2019

After giving more attractive terms under its new hydrocarbon exploration licensing policy (HELP), the government is now likely revive plans to reform the regulatory framework in the oil and gas sector by arming the office of upstream regulator Directorate General of Hydrocarbons (DGH) with statutory powers

Government is working to reduce dependency on import from oil, gas: Dharmendra Pradhan

Government is working to reduce dependency on import from oil, ga...

Wed, Jul 03, 2019

In February, 2019, the government approved major reforms in exploration and licensing policy to enhance exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins and accelerate domestic production of oil and gas from existing fields, Pradhan said.

Oil supply to Indian refineries is adequate: Government

Oil supply to Indian refineries is adequate: Government

Tue, Apr 23, 2019

Iran is also a commercially attractive oil exporting country as it offers better terms for oil to India including a 60-day credit period and discounts on oil and insurance.

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

Mon, Dec 25, 2017

The merger options were indicated following Finance Minister Arun Jaitley's announcement in the 2017-18 Budget speech on the government's plan to create integrated public sector oil majors that will be "able to match the performance of international and domestic private sector oil and gas companies".

4.500 Maharashtra petrol pumps to remain shut on Sundays

4.500 Maharashtra petrol pumps to remain shut on Sundays

Fri, May 12, 2017

The move will hit 225 petrol pumps in Mumbai alone, Federation of All Maharashtra Petrol Dealers Association (FAMPEDA) President Uday Lodh said.

HDFC Bank wants reasonable MDR charges on credit & debit card transactions

HDFC Bank wants reasonable MDR charges on credit & debit card...

Tue, Jan 24, 2017

HDFC Bank on Tuesday pitched for reasonable merchant discount rate charges on credit and debit card transactions.

Now, pay your fuel bills at 41,000 petrol pumps across 550 plus districts via Paytm

Now, pay your fuel bills at 41,000 petrol pumps across 550 plus d...

Mon, Jan 09, 2017

In a move to provide ease to customers facing hassles at petrol pumps of tendering exact change and enable cashless payment solution, Paytm on Monday announced its partnership with over 41,000 pet

Petrol pumps to accept card payment till Friday

Petrol pumps to accept card payment till Friday

Mon, Jan 09, 2017

On Sunday, the association had announced it would not accept payments through credit and debit cards from Monday.

Indian crude oil basket falls to four-month lows

Indian crude oil basket falls to four-month lows

Mon, Aug 01, 2016

India is now paying $39.90 per barrel of crude oil, lowest since April 2016, the Government data showed.

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