Fri, Sep 29, 2023
The government hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30. In the last fortnightly review on September 15, windfall tax on domestically produced crude oil was set at Rs 10,000 per tonne.
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Wed, Jul 12, 2023
The thresholds were greatly reduced on Tuesday through a Ministry order whereby the domestic content contribution was lowered to 30 per cent — gradually escalating to 50 per cent
Tue, Sep 08, 2020
Under phase 2, the government has given its nod for the construction of an additional 6.5 mt of strategic crude oil reserves at Padur in Karnataka with the capacity of 2.5 mt and at Chandikhol (4 mt) in Odisha.
Sun, Dec 01, 2019
After giving more attractive terms under its new hydrocarbon exploration licensing policy (HELP), the government is now likely revive plans to reform the regulatory framework in the oil and gas sector by arming the office of upstream regulator Directorate General of Hydrocarbons (DGH) with statutory powers
Wed, Jul 03, 2019
In February, 2019, the government approved major reforms in exploration and licensing policy to enhance exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins and accelerate domestic production of oil and gas from existing fields, Pradhan said.
Tue, Apr 23, 2019
Iran is also a commercially attractive oil exporting country as it offers better terms for oil to India including a 60-day credit period and discounts on oil and insurance.
Mon, Dec 25, 2017
The merger options were indicated following Finance Minister Arun Jaitley's announcement in the 2017-18 Budget speech on the government's plan to create integrated public sector oil majors that will be "able to match the performance of international and domestic private sector oil and gas companies".
Fri, May 12, 2017
The move will hit 225 petrol pumps in Mumbai alone, Federation of All Maharashtra Petrol Dealers Association (FAMPEDA) President Uday Lodh said.
Tue, Jan 24, 2017
HDFC Bank on Tuesday pitched for reasonable merchant discount rate charges on credit and debit card transactions.
Mon, Jan 09, 2017
In a move to provide ease to customers facing hassles at petrol pumps of tendering exact change and enable cashless payment solution, Paytm on Monday announced its partnership with over 41,000 petrol pumps across 550 plus districts in India.
On Sunday, the association had announced it would not accept payments through credit and debit cards from Monday.
Mon, Aug 01, 2016
India is now paying $39.90 per barrel of crude oil, lowest since April 2016, the Government data showed.
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