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  'Despite looming US sanctions, Indian companies will continue to buy Iranian oil in November'

  India | October 09, 2018 6:37 IST

  "We have to fulfill our own domestic requirements. Some of our companies have already nominated theire quota for November," said the Minister for Petroleum and Natural Gas, while referring to import of Iran's oil by Indian companies.

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  No going back on fuel price deregulation: Oil Minister Dharmendra Pradhan

  India | October 08, 2018 16:47 IST

    Pradhan said he had spoken to Saudi Oil Minister Khalid A Al-Falih and "reminded him of the June commitment of Opec to increase production by 1 million barrels per day" to help cool prices.

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  Petroleum Minister Dharmendra Pradhan suggests Odisha reduce VAT on fuel

  India | September 16, 2018 16:31 IST

  Reacting to Pradhan's proposal, Odisha Finance Minister Sashi Bhusan Behera said the Centre should first reduce tax on the oil price.   

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  Dharmendra Pradhan blames "isolated" American policies for fuel price rise

  India | August 31, 2018 20:16 IST

  Earlier today, the Indian rupee slumped to a record low of 71 against the US dollar by falling 26 paise on persistent demand for the US currency amid rising crude prices.

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  Government to move High Court against Reliance arbitration award, says Pradhan

  India | August 03, 2018 17:35 IST

  Oil Minister Dharmendra Pradhan on Friday said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC

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  Petrol prices down by Rupee 1 in 10 days, diesel rates also dip

  Business | June 08, 2018 13:44 IST

  However, despite the cut, petrol prices were hovering above the Rs 80-mark in Mumbai, Kolkata and Chennai.

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  Modi govt mulling ‘immediate solution’ to deal with rising fuel prices: Dharmendra Pradhan

  India | May 24, 2018 20:15 IST

  The minister recalled the central government had in October last year reduced the excise on fuel by Rs 2 per litre keeping in view the interest of the poor people, adding the Centre is looking at both short and long term solutions this time.

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  Petrol at all time high of Rs 84.99 per litre in Mumbai; Govt likely to announce steps to control 'crisis'

  Business | May 23, 2018 12:53 IST

  In Mumbai, petrol touched an all time time of Rs 84.99 per litre, while diesel was being sold at Rs 77. 76 per litre. Both the major petroleum products witnessed a hike of 29 paise per litre and 28 paise per paise per litre respectively.

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  As higher taxes take fuel prices to record high, Govt says ‘working out on formula’ to reduce rates

  Business | May 22, 2018 22:54 IST

  Amid the “crisis situation” created by rising fuel prices, BJP President Amit Shah on Tuesday said that the Centre taking the issue of oil prices seriously, and that it is working out on a formula to reduce the rates.

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  Auction begins for laying PNG pipelines across 174 districts in India; check your district here

  Business | May 08, 2018 22:14 IST

  Awards from the 9th CGD licensing round would help bring gas coverage to 174 districts in 22 states and Union Territories, covering 29 per cent of the country's area and 24 per cent of the population, Pradhan said.

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  Petroleum products need to be brought under GST, says Dharmendra Pradhan

  India | April 20, 2018 22:13 IST

  Both the central and state governments have started making up their mind in this regard, he said. Petroleum products are out of GST ambit which was rolled out in July last year.

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  India needs 600 mn tonne refinery capacity by 2040, says Union Minister Dharmendra Pradhan

  India | January 13, 2018 16:24 IST

  “India’s refining capacity must increase to about 600 million tonnes by 2040, from about 247 million tonnes currently. We have to add 20 million tonnes in every two-three years to achieve the target,” Pradhan said.

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  India to send 3 lakh youth to Japan for on-job training

  Business | October 11, 2017 22:20 IST

  India will send three lakh youth to Japan for on-job training for 3-5 years as part of the government's skill development programme.

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  Gas trading platform to come up 'very soon' in India, says Oil minister Dharmendra Pradhan

  Business | October 11, 2017 11:00 IST

  The Oil minister said the government will soon come up with a gas trading platform.

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  India to offer $300 billion investment opportunities in oil sector: Dharmendra Pradhan

  Business | October 10, 2017 21:23 IST

  India will offer foreign investors USD 300 billion worth of investment opportunities in energy projects over the next decade, Oil Minister Dharmendra Pradhan said today.

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  OPEC should go for 'responsible pricing': Dharmendra Pradhan

  Business | October 08, 2017 21:22 IST

  India today pressed oil cartel OPEC to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination

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  After excise cut, Centre urges states to reduce VAT on fuel by 5%

  Business | October 04, 2017 19:52 IST

  Petroleum Minister Dharmendra Pradhan on Wednesday urged the state governments to cut Value Added Tax (VAT) on fuel by 5 per cent

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  Diesel prices touch all-time high of Rs 59.14 per litre in Delhi, zoom to highest in 3 yrs in Kolkata

  Business | October 03, 2017 13:40 IST

  The cost of diesel touched a lifetime high of Rs 59.14 per litre in capital Delhi on Tuesday.

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  PM Modi launches 'Saubhagya' scheme to provide electricity to all by December 2018

  Politics | October 03, 2017 19:42 IST

  Pradhan Mantri Sahaj Bijli Har Ghar Yojana 'Saubhagya' launched on the birth anniversary of Hindutv icon Deendayal Upadhyaya will entail free electricity connections to poor households, PM Modi said.

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  Dharmendra Pradhan for petrol, diesel pricing under GST regime

  Business | September 23, 2017 18:22 IST

  Dharmendra Pradhan attributed the recent hikes in fuel prices to the market fluctuations caused by the hurricanes Irma and Harvey in the US that caused market fluctuations.