New Delhi: India’s oil imports from Iran during the 2017-18 fiscal year fell by 15.7 per cent from a year ago as state refiners reduced purchases after a row over development rights for an Iranian natural gas field, according to data from shipping and industry sources.
Jeddah: Saudi Energy Minister Khaled al-Faleh said on Friday the global market has the capacity to absorb higher oil prices, after crude hit the highest level in more than three years.
Patna: Petroleum and Naural Gas Minister Dharmendra Pradhan on Friday stressed on bringing petroleum products under the GST to provide relief to common people from spurt in fuel prices following surging global crude oil rates.
New Delhi: India, China, Japan and Korea have agreed to boost cooperation in the energy sector in view of their consumption of hydrocarbons, primarily in business to business segment, Oil Minister Dharmendra Pradhan said on Thursday.
New Delhi: Essar Oil has settled about 2 billion euros ($2.5 billion) in dues to Iran to cover previous oil purchases and still owes the country about $616 million, Chief Executive B. Anand said on Thursday.
New Delhi: The government has not asked state-owned oil firms so far to avoid raising the retail price of petrol and diesel in view of next month’s elections in Karnataka, heads of IOC and HPCL said on Wednesday.
New Delhi: Saudi Arabia and International Energy Agency (IEA) on Wednesday indicated that oil prices will continue to remain high forcing Indian consumers to shell out more money for petrol and diesel.
Singapore: Oil prices dipped on Tuesday, easing after strong gains in the previous session when hopes that trade disputes between the United States and China could be resolved buoyed global markets.
New Delhi: Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday, and asked the rich families to sacrifice Gas Subsidy so as to enable the poor families to get gas connection.
Raipur: Amid an uproar over higher fuel rates, Union Petroleum Minister Dharmendra Pradhan on Thursday said the inclusion of petroleum products under the ambit of the Goods and Services Tax (GST) will bring the products under a rational tax mechanism.