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India's decision to import LPG from the US helps it to diversify sources as it reduces almost full reliance on West Asian countries for supply of the country's primary cooking fuel
Development comes at a time when negotiations for India-US BTA gather steam
Minister says govt working to give long-term charters to Indian carriers
The catch is that this is still a find of hydrocarbon presence; whether the basin will actually yield natural gas is still unknown, and even it does, it could take a decade for commercialisation
He said all sections, particularly lower middle class, economically weaker sections will benefit
Biofuels not harmful to engines, says Oil Minister amid concerns about impact
The MoU was signed in the presence of Union Ministry of Petroleum and Natural Gas Hardeep Singh Puri on the sidelines of Urja Varta 2025 event in the national capital
In a post on X, the minister said the government has been 'closely monitoring the evolving geopolitical situation in the West Asia since the past two weeks'
In a post on X, the minister said he held a periodic review of energy availability scenario with the captains of the Indian oil industry
Taking to social media platform 'X', the Union Minister hailed the milestone as a testament to the company's resilience and commitment
Petroleum minister cites ONGC-BP and Oil India-Petrobras deals as models where foreign technical partners will be given priority rights on oil or gas discoveries
OMCs hold 45 days inventory priced at around $75 per barrel crude
OMCs to absorb extra cost, retail prices may be cut if global prices remain low, Minister says
Parliament has passed the Oilfields (Regulation and Development) Bill, 2024 that provides policy stability to investors, decriminalises provisions and promotes ease of doing business
Union minister Hardeep Singh Puri said that he has been on record saying that whatever we wanted to do for Delhi in terms of improving transport facilities
The ministry raised the demand recently following the Delhi High Court's decision in the matter last month
Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month
Addressing the Advantage Assam 2.0 business summit in Guwahati, he said 19.6 per cent blending has already been achieved
Observing that there has never been a shortage of energy in the global market, the former diplomat highlighted that more oil is entering global markets than ever before
Puri said India's investments in Mozambique and Russia assets hold major potential