New Delhi, June 26 (IANS) India and Venezuela are moving toward deeper institutional cooperation in the oil sector, particularly in oil exploration, production, refining, and long-term supply agreements, a report has said.According to an analysis by Modern Diplomacy, talks here between Union Minister for Petroleum and Natural Gas Hardeep Singh Puri and Venezuelan Interim President Delcy Rodriguez, along with an invitation to an Indian energy delegation, mark the beginning of a shift from spot pu…
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New Delhi, June 14 (IANS) Union Minister of State for Petroleum and Natural Gas Suresh Gopi said on Sunday that any decision on revising the prices of petrol, diesel and LPG in the domestic market would depend on the availability and stability of crude oil supplies in the global market.Speaking to reporters in Kerala’s Thrissur district, Gopi said the Centre was keeping a close track of developments in global energy markets before taking any call on fuel prices. “Let us see the supply of crude…
Kohima, June 12 (IANS) The Naga National Political Groups (NNPG), an umbrella body comprising seven Naga organisations, on Friday opposed the tripartite agreement signed between the Centre, Assam and Nagaland to facilitate mineral oil operations in the Assam-Nagaland inter-state border areas. In a statement, the NNPG asserted that ownership and control over natural and man-made resources form an integral part of the ‘Agreed Position’ signed between the Working Committee of the NNPGs and the …
New Delhi, June 12 (IANS) The Ministry of Petroleum and Natural Gas on Friday signed a tripartite Memorandum of Understanding with the state governments of Nagaland and Assam to increase domestic exploration and production of oil and gas.Petroleum Minister Hardeep Singh Puri said that since Assam alone accounts for nearly 22 per cent of India’s crude oil reserves and around 15 per cent of the country’s natural gas reserves, while Nagaland possesses significant hydrocarbon potential in the Naga-S…
New Delhi, June 11 (IANS) A tripartite agreement to facilitate exploration and extraction of hydrocarbons and other mineral resources along the Assam-Nagaland border was signed on Thursday in the presence of Union Home Minister Amit Shah, Union Petroleum and Natural Gas Minister Hardeep Singh Puri, Assam Chief Minister Himanta Biswa Sarma and Nagaland Chief Minister Neiphiu Rio. The agreement, signed under the guidance of Prime Minister Narendra Modi, is aimed at unlocking the energy potential o…
New Delhi, June 11 (IANS) The government has exempted petrol blended with higher levels of ethanol from excise duty, including fuel variants containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol, according to a notification issued by the Ministry of Finance on Thursday.As per the notification, excise duty has been set at nil for ethanol-blended motor spirit conforming to Bureau of Indian Standards specifications, covering blends where ethanol content ranges from 22 per cent to…
New Delhi, June 10 (IANS) Amid criticism over the government’s decision to reduce the number of subsidised LPG cylinder refills under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine to four annually, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday that the move was prompted by misuse of the scheme by some beneficiaries.In an interaction with IANS, Puri highlighted that the move was based on evidence that many beneficiaries did not require the additional cylinders…
New Delhi, June 10 (IANS) The government has introduced E85 fuel for E85-compatible flex-fuel vehicles and is holding extensive consultations with the automobile industry on the future expansion of ethanol-based fuels, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday.Speaking exclusively to IANS, Puri highlighted India’s progress in ethanol blending, stating that the country has surpassed its targets well ahead of schedule.He said ethanol blending in petrol has increased f…
New Delhi, June 10 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday underlined Prime Minister Narendra Modi’s commitment towards the safety and welfare of Indian nationals living abroad.In an exclusive interview with IANS, Puri recalled that PM Modi is the only world leader who decided to bring back Indian students who were stranded in Ukraine when the conflict between Moscow and Kyiv broke out in 2022 and assured that the Indian government will make similar …
New Delhi, June 10 (IANS) Union Minister Hardeep Singh Puri on Wednesday lauded Prime Minister Narendra Modi as he became the country’s longest-serving Prime Minister, revealing that he possesses an extraordinary range of knowledge on development-related issues. Speaking to IANS, Puri highlighted the Prime Minister’s milestone of becoming India’s longest-serving elected Prime Minister.”He (PM Modi) is already among the longest-serving Prime Ministers in the country’s history. Today, he has compl…