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Green fuel loses price advantage in Delhi

30 May 2012 1:29 AM GMT
With the government constantly increasing the price of Compressed Natural Gas (CNG), the green fuel is gradually losing popularity as cheap fuel in...

Cong MLAs disagree with Sheila on CNG

30 May 2012 1:26 AM GMT
A day after the announcement of five per cent value added tax (VAT) on CNG by Chief Minister Sheila Dikshit in her budget, both the opposition and the ...

IOC Q4 profit trebles at Rs 12,670 crore

29 May 2012 9:06 AM GMT
State-owned Indian Oil Corp (IOC) on Monday reported a more than trebling of net profit in the March quarter after the government compensated the...

OIL in talks to buy 51% in Reliance Gas

29 May 2012 8:57 AM GMT
State-owned Oil India Ltd on Monday said it is in talks to buy 51 per cent in Mukesh Ambani’s privately owned firm Reliance Gas Transportation...

‘Not considering hike in diesel, LPG’

29 May 2012 8:46 AM GMT
Still battling the fallout of last week’s steep Rs 7.54 a litre hike in petrol price, the government on Monday said it is not considering raising...

CM gives with one hand, takes with other

29 May 2012 4:30 AM GMT
With the Assembly poll looming ahead, Chief Minister Sheila Dikshit did keep her promise and slashed 20 per cent value-added tax (VAT) on the hiked...

EGoM meet to revise diesel, LPG rates soon

25 May 2012 6:27 AM GMT
After a steep Rs 7.54 a litre hike in petrol prices, a high powered ministerial panel headed by finance minister Pranab Mukherjee may meet soon to...

Govt subsidy of Rs 38,500 cr to oil firms for FY12

22 May 2012 5:11 AM GMT
The government will dole out Rs 38,500 crore additional cash subsidy to public sector oil companies as part of compensation for selling diesel,...

Oil firms seek compensation from finance ministry

18 May 2012 4:19 AM GMT
The petroleum ministry has sought cash subsidy of Rs 49,872 crore from the finance ministry to compensate state-owned oil firms for selling fuel at...

PSUs cannot buy ADB stake in Petronet

13 May 2012 11:27 PM GMT
The oil ministry has refused permission to public sector oil companies for acquiring Asian Development Bank’s stake in Petronet LNG Ltd (PLL) so as to ...

Oil watchdog rejects RIL’s two discoveries

7 May 2012 10:55 PM GMT
Upstream oil watchdog DGH has refused to recognise two significant natural gas discoveries that Reliance Industries (RIL) had made in a Mahanadi basin ...

Oil ministry fines RIL $1bn

5 May 2012 7:21 AM GMT
After slapping a hefty penalty of over $1 billion on Reliance Industries (RIL) for failing to meet gas output targets, the oil ministry said the...
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