oil ministry

Oil Marketing Companies (OMCs) in India are likely to record losses in Q2 which may affect government's share of dividend, reported ET NOW on Monday. As per the report, if the current situation prevails, the government may not get any…

India's natural gas consumption is shrinking as refiners, power producers and petrochemical plants are using less of the pricey fuel. Domestic consumption fell 2.5% year-on-year in the first quarter of FY23 while gas imports declined…

The government has offered ten oil and gas blocks for competitive bidding in the eighth exploration licensing round under the new open acreage policy. The bids can be submitted through a dedicated e-bidding portal till September 6,…

The petroleum and natural gas ministry is planning to push for an allocation of ₹44,000 crore to compensate state-run oil companies for the losses they have been incurring by selling domestic cooking gas at below-market rates, said…

Private fuel retail operators such as , BP, Shell, and Rosneft-backed Nayara will have to maintain supplies at reasonable prices at all their pumps as the government has brought all retail outlets under universal service obligations.…

The shortage of fuel in the country is likely to disrupt supply chains across all sectors of the economy according to the All India Motor Transport Congress (AIMTC). “We have been reported by our members regarding the short supply of…

New Delhi: In a bid to rein in private fuel retailers curtailing operations to cut losses, the government has expanded the scope of Universal Service Obligation (USO), mandating licensed entities to maintain petrol and diesel sales at…

New Delhi: Substantial reduction in sales by private fuel retailers, bulk buyers' shift to retail outlets for lower prices and seasonal increase in farming-related consumption have combined to create a demand surge at petrol pumps run by…