Trump: Venezuela to Transfer Up to 50M Oil Barrels to US
President Trump announces Venezuela's interim authorities will transfer 30-50 million barrels of oil to the US. Proceeds controlled by US govt for mutual benefit. Details inside.
Category : Search result: Petroleum Ministry
IIPE's Rs 550 Cr Permanent Campus Opens in Vizag
Indian Institute of Petroleum and Energy's new 200-acre campus near Visakhapatnam begins operations. Students celebrate new academic life with state-of-the-art facilities. Read more.
India's US crude imports jump 92%, Russia share dips
India's crude oil imports from the US soared over 92% in April-Nov 2025. Russia remains the largest supplier, but its share fell to 33.7%. Explore the shifting energy dynamics.
India Monitors Russian Oil Buys Weekly for US Trade Deal
India mandates refiners to report weekly crude imports from Russia & US, seeking accurate data for sensitive trade negotiations. Talks face hurdles over Russian oil purchases and agricultural access.
PNG gets cheaper by 70 paise in Delhi-NCR from New Year
Indraprastha Gas Limited cuts domestic PNG prices in Delhi and NCR by 70 paise per unit from January 1, 2026. Nearly 25 lakh households to benefit. Read more.
India's Oil Import Bill Falls 12% as Crude Prices Dip
India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.
India's Petrol Pumps Cross 1 Lakh Mark, 3rd Largest Globally
India's petrol pump network has doubled since 2015, crossing 100,000 outlets. State-run firms lead the expansion, boosting rural and highway access. Discover the details of this massive growth.
India's Petrol Pumps Cross 1 Lakh Mark
India's petrol pump network has doubled in ten years, crossing 1 lakh outlets. This makes it the world's third-largest retail fuel network. Discover the details and implications of this massive growth.
Manipur fuel crisis looms as dealers protest security threats
Manipur faces a severe fuel crisis as petrol pump dealers warn of a statewide shutdown over bomb threats and extortion. Read about the urgent security concerns and potential impact.
PNGRB Rolls Out Consumer Protection Rules for Oil & Gas
The Petroleum and Natural Gas Regulatory Board introduces a comprehensive consumer protection framework for the oil and gas sector, aiming to ensure fair practices and timely grievance redressal. Learn about the new rules and their impact.
NCLT Approves Vedanta Demerger Plan
The National Company Law Tribunal greenlights Vedanta's split into separate companies, overcoming objections from the Petroleum Ministry. Read the full details and implications.
Arjuna Ranatunga faces arrest in Rs 800mn oil scam
Sri Lanka's 1996 World Cup-winning captain Arjuna Ranatunga is likely to be arrested over alleged corruption causing an Rs 800 million loss to the Ceylon Petroleum Corporation. Read the full story.
Sri Lanka's Arjuna Ranatunga to be Arrested in Oil Scam
Sri Lankan cricket legend Arjuna Ranatunga faces imminent arrest over alleged involvement in a multi-million dollar oil procurement scam. Read the full details of the case.
Sri Lanka to arrest ex-cricket captain Arjuna Ranatunga
Sri Lankan authorities plan to arrest former cricket captain Arjuna Ranatunga over alleged corruption in a 2017 oil procurement deal. Read the full details of the case and its connection to the country's anti-corruption campaign.
India's $59 Billion Trade Deficit with Russia Needs Balancing: Goyal
Commerce Minister Piyush Goyal calls for diversifying trade with Russia to address a skewed $59 billion deficit. Explore the details and future steps for bilateral trade balance.
Govt: E20 Fuel No Risk to Vehicle Performance
The Indian government has clarified that E20 fuel does not compromise vehicle durability or efficiency, addressing public concerns. Learn the facts about ethanol blending.
Russian Popeye Risks Losing Both Arms After Oil Injections
Kirill Tereshin, known as Russian Popeye, faces possible amputation of both arms after years of injecting petroleum jelly. Read his shocking body modification journey.
Elliott Wins $5.89B Citgo Auction in Venezuela Asset Sale
Amber Energy, an Elliott Investment Management affiliate, wins court-ordered auction for Citgo Petroleum parent company. $5.89 billion deal marks crucial step in Venezuela's foreign asset resolution.
US Sanctions Indian Firms for Iran Oil Trade
US imposes sanctions on TR6 Petro India and other entities for trading Iranian oil, citing terror funding concerns. Full details on the crackdown.
India Inks Deal for 2.2 Million Tonnes US LPG Imports
India secures 2.2 million tonnes of LPG from US suppliers in one-year agreement, strengthening energy ties and ensuring stable cooking gas supply for consumers nationwide.
Pakistan Petrol Price Unchanged, Diesel Up by PKR 6
Pakistan government maintains petrol price at PKR 265.45 per litre while increasing diesel by PKR 6. New rates effective until October 31. Impact on inflation analyzed.
Textiles Ministry Reviews Scheme Progress in Mumbai
Senior textiles ministry official conducts 2-day review of ongoing programs and policy implementation in Mumbai. Key schemes and institutional performance evaluated.
Vedanta Demerger: NCLT Reserves Order After Govt Objection
NCLT Mumbai reserves order on Vedanta's proposed demerger after Petroleum Ministry raises concerns over financial risks and asset misrepresentation. Key details inside.
India Refills Strategic Oil Reserves as Prices Drop
India initiates refilling its strategic petroleum reserves as global crude prices hover near multi-month lows, securing energy supplies ahead of expected price surges.
India's Fuel Exports Plunge 21% in October
India witnessed a dramatic 21% drop in fuel exports during October as domestic demand surged unexpectedly. Major refiners HPCL and Nayara Energy faced significant operational disruptions, reshaping the country's energy export landscape.
5 Dividend Stocks Ex-Date Tomorrow: HPCL, TD Power
Five prominent Indian companies including Hindustan Petroleum and TD Power Systems will trade ex-dividend tomorrow. Get complete details on dividend amounts, record dates, and what this means for investors seeking passive income opportunities.
India's Russian oil imports plunge after US sanctions
India's Russian oil imports dropped by 16% in December 2023 as US sanctions disrupted payment mechanisms, forcing refiners to seek alternatives from Middle East suppliers.
China rapidly fills oil reserves amid price slump
China is rapidly filling its strategic petroleum reserves as global oil prices hit multi-month lows, raising questions about Beijing's energy strategy and market impact. Discover what this means for global energy markets.
GST Revenue Up 4.6% to ₹1.96L Cr in October
India's GST collections show robust recovery with October figures reaching ₹1.96 lakh crore, marking 4.6% year-on-year growth despite recent tax rate reductions across key sectors.
GST Revenue Hits ₹1.96L Cr in Oct, Grows 4.6%
India's GST collections show robust growth in October 2024, reaching ₹1.96 lakh crore despite recent tax reductions, signaling strong economic momentum and improved compliance.
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