Ajay Modi / New Delhi May 24, 2009, 0:22 IST
The petroleum ministry has proposed a reduction in the Customs duty on denatured alcohol and molasses to stabilise the 5 per cent ethanol-blending programme in petrol. The programme has been hit due to a dip in the sugarcane output in the current year.

A shortfall in production has thrown out of gear the government

Dec. 19: Indian petroleum minister Murli Deora is attending an international oil summit in London at which British Prime Minister Gordon brown warned that volatility in oil prices could cost the global economy, which is already reeling under a devastating credit crunch, trillions of dollars.

Last week

The government subsidises diesel to appease electorate, but there is also a brighter side of this appeasement policy. Diesel is stated to be an efficient fuel, finds Sushmi Dey.

THE proposed changes in auto fuel policy, which promotes diesel technology, may come as a rude shock to public sector oil marketing companies, who are still coping with the unusual surge in the consumption of subsidised diesel. The proposed policy encourages diesel engine technology on the ground that it is more fuel-efficient and emits less green house gas (GHG) compared to petrol.

Manas Dasgupta

He was speaking at a function to celebrate the golden jubilee of the first oil find in India

CAMBAY (GUJARAT): The Centre is considering a proposal to introduce dual pricing policy for diesel, Petroleum and Natural Gas Minister Murli Deora has said.

NEW DELHI: The ongoing litigation between Reliance Industries Ltd. (RIL) and Reliance Natural Resources Ltd. (RNRL) on sale of gas from the KG basin D6 block took an interesting turn with the Power Ministry having decided to file an affidavit in the Bombay High Court opposing the plea of the Petroleum Ministry to get the stay vacated on the gas sales.

NEW DELHI: The Union Petroleum and Natural Gas Ministry is likely to award 45 blocks for exploration of oil and gas in the next few days after a Committee of Secretaries finalised its report and sent the recommendations for approval to the Union Cabinet.

Sujay Mehdudia

NEW DELHI: The stern warning issued by Petroleum Secretary R.S. Pande to the oil marketing companies (OMCs) has paid off. The waiting list for new LPG connections has been reduced by almost 50 per cent and the oil companies have given an assurance that the remaining would be wiped out by the end of this month. The issues came up during a review of the petro products position carried out by Mr. Pande at his office on Tuesday.

The second review comes on the heels of an oil industry meeting chaired by Petroleum and Natural Gas Minister Murli Deora last month.