RIL violated production sharing contract in KGD6: CAG

CAG Says Ministry Was Aware Of Flaws In Decision But Didn’t Do Anything

The government proposes to offer gas for all power projects to be completed in the current Five Year Plan by creating a pool of domestic gas and imported re-gassified liquified natural gas (RLNG). The new mechanism will not only ensure that gas is available to meet around 80% of the requirement of these power plants, but also provide fuel to them at competitive rates as pooling will help moderate RLNG price.

London-based Hardy has been forced to stop crude oil production at its Cauvery basin block because the Oil Ministry has refused to extend a key contract in the field without competitive bidding, go

Govt had earlier decided to raise ethanol level in petrol to 10% from the current 5%

A PIL, filed in Gauhati High Court representing Champang and Tssori villages of Nagaland, has sought Rs 1,000 crore as compensation following the damage caused allegedly due to unabated oil spillage by Oil and Natural Gas Commission (ONGC). The PIL filed yesterday held the ONGC and the Nagaland State Government responsible for the damage in the crude oil-rich swathes.

The Government is committed to provide petroleum products at reasonable prices to consumers.

New Delhi: Petrol prices in India are costlier than in the United States but cheaper than European countries, MoS for petroleum and natural gas R P N Singh said on Tuesday.

If you pay income tax or own a scooter, car or a house, you will soon be limited to four subsidised gas cylinders a year, if a proposal informally approved by an empowered Group of Ministers on Monday night is finally implemented.

Union Finance Minister Pranab Mukherjee said in the Lok Sabha today that the government could consider the Opposition’s suggestion to scrap diesel subsidy for car-owners.