The gas-based steel and sponge iron plants in the country will have to wait for an indefinite period for gas supply as the petroleum ministry has decided to accord priority to the core sector in supplying the feedstock fuel owing to falling gas production from the KG-D6 basin.

Protesting the move, major utilities like Essar and Ispat have warned that changing the existing gas allocation policy

Petrol, diesel exports to fuel-starved neighbour will open up new markets for RIL, Essar refineries

The thaw in relations between India and Pakistan, which started with cricket diplomacy at Mohali last month, could soon see India exporting petroleum products to its neighbour.

India, which has surplus refining capacity, has agreed to export fuels such as petrol and diesel to Pakistan to h

RAJEEV JAYASWAL & ANINDYA UPADHYAY NEW DELHI

India's top auditor will investigate why state oil companies are selling petrol, a deregulated fuel, below market rates allegedly because raising prices may hurt the ruling party in the on-going assembly elections, official sources said.

State retailers Hindustan Petroleum Corp, Indian Oil Corp and Bharat Petroleum Corp are selling petrol at nearl

Five of the eight members of the expert panel on ethanol pricing headed by Planning Commission member Saumitra Chaudhuri have not signed the final report submitted to the petroleum ministry.

Sujay Mehdudia

NEW DELHI: The Petroleum Ministry has asked the Planning Commission to set up a committee on

When Ranbir Singh Butola took over as the managing director of ONGC Videsh Ltd (OVL) in 2004, the overseas subsidiary of Oil and Natural Gas Corporation (ONGC), his brief was to expand India's oil and gas footprint.

Decision Prompted By Fear Of Regular Income Rendering Male Head Of Family Unproductive

THE new mining legislation will make woman of the house chief beneficiary of the compensation for land acquired for mining project, as the government seeks to ensure the large amounts provided go into ensuring livelihood and are not depleted quickly.

This is in sync with the government

Shale gas is the new buzzword. India is believed to have enormous amounts of shale gas deposits, according to studies conducted by Oil and Natural Gas Corporation of India (ONGC) in the Damodar (West Bengal) and Cambay (Gujarat) basins. P.K.

Cairn energy

THE Delhi government on Friday decided to roll back an increase in sales tax on diesel it had announced in the state budget, a move that could force other states to cut local levies on the auto fuel. Diesel in Delhi will be cheaper by Rs 2.70 a litre from Tuesday after the state government reduced value-added tax (VAT) from 20% to 12.5%.