Extend pricing freedom to existing fields: Oil companies to governmentThe PSC for blocks like KG-D6 of RIL and KG-DWN-98/2 of ONGC provides for pricing of natural gas on arms-length basis through competitive b...
Hope the coming budget rids oil companies of unfair levies: Mayank Ashar, Cairn India"These levies are detrimental to India’s energy self-sufficiency. Cairn is not asking for a handout. But this burden is extremely unfair."
Dharmendra Pradhan favours crude cess reduction, says talking to Finance MinistryThe Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in c...
ONGC, Oil India, Cairn seek cut in cess on crudeONGC and Oil India as well as private sector Cairn India have asked the government to cut cess on crude oil they have to pay in view of slu...
Indian Oil Corp bags 'leading oil & gas corporate' awardState-owned Indian Oil Corp (IOC) today walked away with top honours at the annual Petrofed Awards, bagging the Leading Oil & Gas Corporate...
Fifteen stocks in focus in Tuesday morning tradeIndian markets are expected to trade in a range. Here is a list of fifteen stocks which are likely to be in focus today.
Viability gap funding proposed for 30,000 km gas pipeline targetFinance Minister Arun Jaitley in his maiden Budget outlined NDA government's ambition to double gas pipeline network to 30,000 km in next f...
Secretaries panel to submit report on new gas pricing formula by WednesdayAs per Oil Min, cost of gas production varies between $1.86 per mmBtu to $4.31 per mmBtu but a cost-plus price would be perceived negativel...
RIL, ONGC, BPCL bag top honours at PetroFed Oil & Gas awardsReliance Industries, ONGC and BPCL walked away with the top honours at the annual PetroFed Oil & Gas Industry Awards here today.
IOC, ONGC, GAIL sweep PetroFed oil & gas awardsIndian Oil Corp (IOC) was adjudged the Leading Oil & Gas Corporate of the Year and the Oil & Gas Marketing - Company of the Year.
Union Budget 2012-13: Oil companies demand tax incentivesIn its major demands for the Union Budget 2012, oil companies have demanded a slew of tax incentives, including income tax holiday for natu...
Budget 2012: Oil firms ask for tax incentives in Union BudgetIn a pre-Budget memorandum to the government, PetroFed, sought seven-year holiday for payment of income tax to all refineries that are comm...
- Budget 2011: PETROFED recommends reduction of custom duty on imported crude to nil
Petroleum Federation of India (PETROFED) has recommended reduction of custom duty on imported crude to nil.
- Decontrol fuel price, restore tax holiday: Industry asks Govt
Freeing petrol and diesel prices from official control, restoring tax breaks on natural gas production and tax holiday for private oil refi...
- IOC bags Petrofed's 'Oil & Gas Corporate of the Year' award
Indian Oil Corporation bagged the 'Oil & Gas Corporate of the Year' award of Petrofed, the apex hydrocarbon industry society of the country.
- India to replace 10% transport fuels with biofuels in 10 yrs
India, which consumed 9.3 million tons of petrol and 42.8 million tons of diesel in fiscal 2006-07, is currently mixing ethanol extracted f...
- Oil giants, PSUs form lobbying body
Oil giants Shell, Kuwait Petroleum and Unocal have joined hands with RIL, IOC, ONGC, Gail and other PSUs to form the Petroleum Federation o...