Expert panel to examine petroleum products’ pricing

October 5th, 2009 NEW DELHI - Petroleum Minister Murli Deora has directed all state oil marketing companies to maintain the supply of petroleum products to the flood affected regions of Karnataka, Andhra Pradesh and Maharashtra. A press release issued by the ministry Monday said that Deora took a review meeting of the companies and asked them to put extra efforts so that uninterrupted supplies reach the relief camps set up in the areas.

October 1st, 2009 NEW DELHI - GAIL India Thursday welcomed the petroleum ministry's proposal to allow it to charge marketing margin on sale of subsidised natural gas, saying it would help the company invest more in servicing bad debts and expanding markets. "We are very happy that the government is considering it," GAIL chairman B.C.

September 30th, 2009 SURAT - The government will ensure that the common man will not be affected by the volatility in global energy prices, Petroleum Minister Murli Deora said here Wednesday. Deora was in this Gujarat city as a part of a series of "meet the people" with local dealers, senior state government officials and representatives of oil companies to discuss matters relating to supply and distribution of petroleum products.

September 8th, 2009 Obama space panel says moon return plan is a no-goWASHINGTON — A White House panel of independent space experts says NASA's return-to-the-moon plan just won't fly. The problem is money.

August 31st, 2009 NEW DELHI - The petroleum ministry has approached the Prime Minister's Office for a ministerial panel for identifying new buyers for additional gas produced by Reliance Industries from the Krishna-Godavari hydrocarbon basin in Andhra Pradesh. Petroleum Minister Murli Deora Monday said he had written to Prime Minister Manmohan Singh to reconstitute a new group of ministers and had met with his Principal Secretary T.K.A.

July 23rd, 2009 NEW DELHI - Union Petroleum Minister Murli Deora on Thursday said that the Union Government is closely monitoring the oil price in the international market. In a written reply to the Lok Sabha, Deora stated, the government would take appropriate decisions with regard to the pricing of petroleum products to protect the interests of common citizens especially the weaker sections of society.

July 21st, 2009 NEW DELHI - Union Minister for Petroleum and Natural Gas Murli Deora on Tuesday said that the Government has decided not to increase the retail prices of kerosene and domestic LPG, in the interest of the common man, particularly the vulnerable sections of the society. Replying to a debate on the call attention notice in the Rajya Sabha on Tuesday, Deora said that to protect the consumer from the inflationary impact of rising international oil prices, Government has been modulating the retail prices of sensitive petroleum products, including petrol, diesel, kerosene and domestic LPG.

July 6th, 2009 NEW DELHI - A high-powered panel on pricing of hydrocarbon fuels was announced by Finance Minister Pranab Mukherjee with crude oil prices once again surging in global markets. Mukherjee said the finer points of the panel's terms of reference will be announced by Petroleum Minister Murli Deora.

July 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee on Monday said that the Government will set up an expert group to advice on a viable and sustainable system of pricing petroleum products. Presenting the budget for 2009-10, Mukherjee said, "It is important to recognize that with almost three quarters of our oil consumption met through imports, domestic prices of petrol and diesel have to be broadly in sync with global prices of these items." The Minister further added that the details about this expert group would be announced by Minister for Petroleum and Natural Gas Murli Deora.

July 6th, 2009 NEW DELHI - The government will set up another expert group on oil pricing, barely a year after the B.K. Chaturvedi committee had submitted its report that linked domestic prices of petroleum products to international rates.

July 2nd, 2009 AGARTALA - Tripura Chief Minister Manik Sarkar Thursday demanded that the central government immediately withdraw the hike in petrol and diesel prices while the ruling Communist Party of India-Marxist (CPI-M) announced mass demonstrations Friday to protest the hike. Petroleum Minister Murli Deora Wednesday announced a hike of Rs.4 per litre for petrol and of Rs.2 for diesel.

February 14th, 2009 MUMBAI - The government Sunday said under-recoveries on account of subsidies on petroleum products would be around Rs.1 trillion this fiscal and not Rs.2.45 trillion as estimated earlier. Talking to reporters at the launch of a nationwide awareness campaign on saving fuel, Petroleum Minister Murli Deora said the under-recoveries would be significantly lower as international crude oil prices have fallen.

January 27th, 2009 CHANDIGARH - Transporters' and farmer's unions will protest in front of parliament in New Delhi next month against the failure of the government to reduce petrol and diesel prices. The All-India Motor Transport Congress (AIMTC) and a farmers' delegation led by Bhartiya Kisan Union (BKU) said here Wednesday that they would hold a protest march in front of the parliament Feb 18.

January 8th, 2009 NEW DELHI - Essar Oil's entire production will be for the domestic market, a senior company official said here Friday, the third day of an indefinite strike called by oil sector officers. 'All our products, 100 percent, are entirely for the domestic market,' a senior Essar official told IANS.

December 28th, 2008 KOCHI - Prices of liquefied petroleum gas (LPG) and other petroleum products would go down shortly, Minister for Petroleum and Natural Gas Murli Deora said here Monday. Speaking at a function to honour Hybee Eden, the newly elected president of the National Students Union, the students wing of the Congress party, at KOchi, Deora said the central government was seriously considering further cut in the prices of petroleum products.