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Petroleum Ministry News
Oil, Gas Sector Alert! Reform and revival - Inside details of Modi government's possible steps | Specialist wing under Petroleum Ministry
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
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
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
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
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
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
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 petrol pumps across 550 plus districts in India.
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
Mon, Aug 01, 2016
India is now paying $39.90 per barrel of crude oil, lowest since April 2016, the Government data showed.