The Odisha government had recently opposed the Centre’s action of appointing IAS officers as Prabhari (in-charge) officers in eight most-backward districts of the state for addressing the developmental needs of the people there.
“Oil refining capacity in the country stands at over 247 million ton at present and demand for petro products, which is rising rapidly, will touch 600 million ton by the year 2040,” Dharmendra Pradhan said.
A top officer in the office of Auditor General, Cooperation Department, said that general and special audits have detected suspected financial embezzlement of around Rs 296 crore.
Import of pet coke has been growing and jumped from 3.3 million tonnes in 2012-13 to 14.4 million in 2016-17 when total national consumption hit 23.25 million due to relative high heat value and cheaper availability.
“We are planning to implement a system to stop imports and use home-produced pet coke for non-polluting sectors, such as cement production,” Dharmendra Pradhan said
With the new tax regime not in place in many states, people are shelling out more money for the petroleum products in such areas due to the levy of Value Added Tax (VAT) and other cess.
Oil Minister Dharmendra Prashan met his Mozambique counterpart and agreed to expedite the project, in which Indian companies have invested $6.5 billion
According to Reddy, fiscal deficit that, otherwise, would have been caused by “losses” due to GST implementation and demonetisation was offset by the revenue that it got by levying extra taxes on petrol and diesel.
India continues to lack a clear roadmap for encouraging the use of clean fuel
In Delhi-NCR, IGL supplies CNG to the transport sector, Piped Natural Gas (PNG) to the domestic and commercial sectors and R-LNG to industrial establishments with the backing of GAIL (India) Ltd and BPCL.
Maharashtra was among the states that had previously shot down the suggestion of lowering VAT on petrol and diesel and had contended that the state’s exchequer would not be able to bear the loss.
In what will help India adopt a better mechanism for price discovery of both domestic as well as imported gas, the petroleum ministry will seek the Union Cabinet’s approval for a domestic gas trading hub. Stating this on Tuesday, petroleum minister Dharmendra Pradhan also said his ministry was in the process of creating an internal […]
Global oil firms interested to invest $1 trillion in the country in next five years.
“We urge states to take responsibility just like the centre did, in direction of consumer interest. If states slash VAT (on fuel) by 5%, consumers will get more relief,” said Dharmendra Pradhan.
In a Sept 13 meeting to assess progress on curbing tampering of meters, the ministry pulled up OMCs for keeping its executives out of the ambit of the punishments for any wrongdoing.