India is all set to give its consent for an inter-governmental agreement on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, which will be signed in Turkmenistan at a summit meet next week.

The Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, has said that the uncertainty over deregulation of diesel price could impact the issue price of the oil companies.

He was responding to a specific query from Business Line on whether the deregulation issue could impact the forthcoming follow-on offers of Indian Oil Corporation and ONGC.

Speaking at sidelines of the Petrotech

New Delhi: The government, which was aggressively pushing for exploration of conventional oil and gas, had taken steps to tap shale gas to reduce the country's import dependence, Union Minister for Petroleum and Natural Gas Murli Deora said on Sunday.

Concerned that the country would not have gas supply to the tune of over 450 million standard cubic metre per day (mmscmd) required for its greenfield and brownfield power projects in the foreseeable future, the Empowered Group of Ministers (EGoM) is likely to discuss ways of prioritising the applicants through a three-way plan.

OIL and gas minister Murli Deora on Friday dashed hopes of total freedom to oil and gas companies in fixing prices of petrol, saying that the government will intervene to protect consumers from high volatility.

Three and a half years after the government set up a regulator for the downstream petroleum and natural gas sector, it still insists on fixing product prices, violating the statute, says Mukesh Kacker

APANEL headed by Kirit Parikh has suggested a clean break from the past, with market-linked prices for auto fuels and a sharp increase in the prices of kerosene and cooking gas, testing the willingness of the Manmohan Singh government to grapple with a problem that has defied a solution for decades.