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India will buy oil from all sources that offer it at "lowest possible prices", the country's oil minister told broadcaster ET Now on Wednesday.
India will buy oil from all sources who offer the `lowest possible prices` - oil minister
Union Petroleum Minister Hardeep Singh Puri said the Centre has put in an eco-system for the development of Green Hydrogen in the country. He said ‘We have a natural advantage in producing Green Hydrogen as we have an abundance of solar energy and investments in our power grid. We have the apt climate, resources, adequate production and strong supply-chain for Green Hydrogen.’ He stated India is climatically blessed and with the government's unwavering commitment to m...
Government put in eco-system for development of Green Hydrogen in the country: Hardeep Singh Puri
Petroleum Minister Hardeep Singh Puri on Friday said that the Centre has put up an eco-system for the development of green hydrogen and government sectors with support from private companies can expedite the process of achieving a green hydrogen economy. In his valedictory address at an international conference, Puri said that green hydrogen is an idea whose time has come. He informed the gathering on the last day of the three-day long conference on green hydrogen that public sector ent...
`Public-private partnership can expedite process of achieving green hydrogen economy`
Minister of Petroleum and Natural Gas Hardeep Puri on Wednesday said that to resolve the common concerns of upcoming economies, India is proposing to launch the Global Biofuel Alliance under India's G20 presidency during the Energy Ministerial Meeting in July 2023. In a meeting with International Energy Agency (IEA) Executive Director Fatih Birol, the minister said that the aim of the Alliance is to implement projects in order to increase the deployment of biofuels and its relate...
India aims to launch 'Global Biofuel Alliance' during G20 energy ministerial meeting next month
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday. Addressing an industry event, Puri said that this would help in achieving the target of 450 million metric tonne per annum (MMTPA) refining capacity in the country. "We need to take few more policy decisions to take it up to 450 MMTPA," he said. Currently India has a refining capacity of 252 MMTPA. Smaller refineries, Puri said, are easier to install as they face lesser hu...
India plans to set up smaller refineries, says Petroleum Minister
Uttar Pradesh Chief Minister Yogi Adityanath said here on Monday that for the first time in nine years under the Modi government, facilities and benefits were extended to all without discrimination. "We brought alive the concept of 'Sabka Saath, Sabka Vikas, Sabka Vishwas' in the true sense of the term and people received benefits of government schemes without any bias. During the pandemic, the government gave medicines and vaccines without differentiating between caste or rel...
Narendra Modi brought alive concept of 'Sabka Saath, Sabka Vikas`: Yogi Adityanath
India plans to mandate the use of 1% of sustainable aviation fuel (SAF) for domestic airlines by 2025, oil minister Hardeep Singh Puri said on Friday, in a bid to cut emissions from the sector. Unlike the United States and the European Union, India does not have policies governing sustainable aviation fuel yet. The European Commission SAF mandate is expected to start in 2025 with a minimum volume of SAF at 2%. Puri said for jet fuel mixed with 1% SAF, about 140 million litres of biofuel...
India eyes nationwide use of 1% SAF by 2025 - oil minister
Petroleum Minister Hardeep Singh Puri on Monday expressed confidence that the government will meet the target of providing petrol blended with 20 per cent ethanol by 2025, five years earlier than the deadline of 2030. Addressing a conference on biofuels, Puri said he was confident that government will be able to supply 20 per cent ethanol blended petrol by next financial year. In February, petrol blended with 20 per cent ethanol was rolled out at selective pumps in 11 states, to promote...
Government confident of providing petrol blended with 20% ethanol by 2025: Hardeep Singh Puri
Prime minister Narendra Modi on Friday described the implementation of a uniform tariff by Petroleum and Natural Gas Regulatory Board (PNGRB) as a noteworthy reform in the energy and natural gas sector. In response to a tweet thread by Petroleum Minister Hardeep Puri, Modi tweeted, "Noteworthy reform in the energy and natural gas sector." In a tweet thread, Puri informed that in line with objective of economic development of all regions of the country, PNGRB has introduced imp...
Prime minister Narendra Modi calls uniform tariff for gas pipeline as noteworthy reform
Prime minister Narendra Modi on Friday described the implementation of a uniform tariff by Petroleum and Natural Gas Regulatory Board (PNGRB) as a noteworthy reform in the energy and natural gas sector. In response to a tweet thread by Petroleum Minister Hardeep Puri, Modi tweeted, "Noteworthy reform in the energy and natural gas sector." In a tweet thread, Puri informed that in line with objective of economic development of all regions of the country, PNGRB has introduced imp...
Prime minister Narendra Modi calls uniform tariff for gas pipeline as noteworthy reform
Petroleum Minister Hardeep Puri on Tuesday said that Shanghai Cooperation Organisation (SCO) members are bullish on requirement of biofuels and called for sustained negotiations on them. Addressing media persons after virtually participating in the SCO meeting, he said that biofuels requirement was discussed during the deliberations, and all the eight SCO nations are of the view that there should be sustained discussions on biofuels. China too had raised the issue of affordability durin...
SCO nations keen on sustained dialogue on biofuels, says Hardeep Puri
raders' body, Confederation of All India Traders (CAIT) has sought the attention of the Urban Affairs Minister urging an Amnesty Scheme under Master Plan of Delhi-2041. In a communication sent to Union Urban Development Minister Hardeep Puri, CAIT has pitched for granting an Amnesty Scheme under Master Plan of Delhi-2041 for protection against sealing of shops. CAIT Secretary General Praveen Khandelwal said that in the past the Central government had regularised more than 1,700 unau...
CAIT urges Centre for amnesty scheme under Master Plan of Delhi-2041
Petroleum and Urban Development Minister Hardeep Puri on Friday called upon a calibrated policy response to climate change, which he termed as an equally big opportunity before the world as the financial crisis of 2008. "I believe that a stronger commitment to the sustainable development goals (SDGs) and the multilateral agenda are going to be fundamental to the global response," Puri said while delivering the keynote address at the valedictory session of the World Sustainable De...
Calibrated response needed for combating climate change challenges, says Hardeep Puri
Petroleum Minister Hardeep Puri on Tuesday said that the greenfield refinery cum petrochemical complex at Rajasthan's Barmer will turn out to be a "jewel of the desert", as it would help in job creation in the region. The minister, who was in Barmer on a visit to the refinery complex, said that it will process 9 metric million tonnes per annum of crude and produce more than 2.4 million tonnes of petrochemicals, which will reduce import bill on account of petrochemicals. Th...
Hindustan Petroleum`s Barmer greenfield refinery to reduce India's import reliance : Hardeep Puri
Petroleum Minister Hardeep Puri, quoting a report by the global research and consultancy group Wood Mackenzie, on Friday said that India could be the licensing wildcard of 2023, adding that it reaffirms the fact that there is alignment and agreement from Prime Minister's Office (PMO) down to Director General Hydrocarbons (DGH) that more offshore exploration is required. Wood Mackenzie, also known as WoodMac, is a global research and consultancy group supplying data, written analysis an...
India`s deepwater exploration has vast investment potential, says research report
With a view to facilitate cooperation and intensify the use of sustainable biofuels, Brazil, India, and the US, as leading biofuel producers and consumers, will work together during the next few months towards the development of a Global Biofuels Alliance along with other interested countries, an official statement said. This Alliance will be aimed at facilitating cooperation and intensifying the use of sustainable biofuels, including in the transportation sector. It will place emphasis on...
India, US, Brazil to work together for Global Biofuels Alliance
If international gas prices come down, the government could give relief to consumers on cooking gas through subsidy, the Parliament was told on Thursday. Petroleum Minister Hardeep Puri said in Lok Sabha during Question Hour on Thursday that the government imports 60 per cent of the total domestic requirement of gas. "There is a (existing) subsidy of Rs 200. What is this subsidy? It is tax payer's money... The ones who are most vulnerable, we are always ready to help if it is l...
government willing to give cooking gas subsidy if global prices come down: Hardeep Puri
Ghana, which is struggling with its worst economic crisis in a generation, is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, its deputy minister of energy, said on Wednesday. Ghana has asked India to consider exploration of three blocks in the western basin and to build refineries as the African nation aims to construct a petroleum hub, Aidoo said. "There are some opportunities in Ghana specially in the oil and gas front. We have some oil...
Ghana seeks Indian investment in oil and gas sector
The Indian government on Tuesday signed a pact with the Paris-based International Energy Agency (IEA) for strengthening cooperation in the field of data and research and for enhancing global energy security, stability, and sustainability. The Statement of Intent (SoI) was signed in the presence of Petroleum and Urban Affairs Minister Hardeep Puri, by P Manoj Kumar, Director General of Petroleum Planning and Analysis Cell (PPAC) and Fatih Birol, Executive Director of IEA, on the sidelines o...
Petroleum Ministry inks pact with IEA on data sharing
With India making it clear that it will "play the market card and import crude from wherever it's available", OPEC Secretary General Haitham Al Ghais on Monday said that the grouping had "solid ties" with India, as it is ready to supply more oil and petroleum products to it. Talking to media persons on the sidelines of the India Energy Week, Ghais, asked whether OPEC feared loss of market share as India is buying a bulk of its crude from Russia, said that OPEC sha...
Relations with India solid, ready to meet crude demand: OPEC secretary General
Petroleum Minister Hardeep Puri on Monday said that India remains focussed on energy efficiencies, laying impetus on fuels of the future, including biofuels and hydrogen as well as increasing the use of renewable energies. Speaking at the inauguration of the India Energy Week in Bengaluru, the petroleum minister said that the government is taking transformative measures to increase domestic exploration and production of traditional hydrocarbons. "This year's theme of 'Gro...
India committed to energy efficiencies, to increase hydrocarbon production: Hardeep Puri
Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Saturday rededicated Oil and Natural Gas Corporation's (ONGC) iconic drilling rig Sagar Samrat as a mobile offshore production unit (MOPU) at a ceremony held at Sagar Samrat, which is located 140-145 km west of Mumbai. The minister later visited the ONGC Kendriya Vidyalaya grounds in Panvel Phase 1 to meet the energy soldiers of ONGC and their families. Puri urged that there is a need to introduce new key performanc...
Petroleum Minister re-dedicates ONGC`s Sagar Samrat as mobile offshore production unit
Stocks related to the oil and gas industry were trading higher, as Oil Minister Hardeep Singh Puri has said that India, the world's third largest energy consumer, is increasing domestic oil and gas exploration, diversifying import basket, switching to alternate sources and using gas and green hydrogen as a pathway to energy transition and security. He said India is projected to contribute fourth of the world's energy demand growth in next couple of decades. GAIL (India) is currentl...
Oil and gas stocks jump as Oil Minister says India increasing domestic oil and gas exploration
Petroleum Minister Hardeep Puri on Sunday expressed hope that if oil marketing companies (OMCs) have ended their under-recoveries, fuel prices should come down. Addressing media persons during an event in Varanasi, Puri said: "I will hope if under-recoveries end, prices should come down." Fuel prices have not been hiked since the past 15 months now by the three OMCs, namely Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporati...
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri
As the entire world is trying hard to find solutions to mitigate climate change, India is putting its plans together faster to conserve energy and move towards alternative ones. "India is the front-runner in mitigating climate change globally and is progressing fast on its energy transition agenda. Today's event marks the extent to which India is willing to innovate to keep its pledge of protecting the environment while simultaneously addressing the growing demand for energy...
India progressing fast on energy transition
The Auto Expo 2023, being held at the Expo Mart in Greater Noida, has created a buzz not only in NCR but across the country. In new age cars, exhibited at the expo, makers have taken full care of modern technology as well as safety. This year, a completely seperate pavilion has been set up for electric vehicles and vehicles running on natural fuel, which is attracting a huge crowd. More than 50,000 people visited the expo on Friday. It is being estimated that on Sunday, this number can ...
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday
Petroleum Minister Hardeep Puri on Friday said that India is likely to witness an investment worth around $58 billion in 2023 in oil and gas exploration, as major energy entities like Chevron Corp, ExxonMobil, and TotalEnergies have shown interest. Addressing the Voice of Global South summit, he said that the government is expecting an investment of around $58 billion in exploration and production (of oil and gas) by this year as many companies like Chevron, ExxonMobil, and TotalEnergies a...
India to see investment worth $58 bn in 2023 as Chevron, Total keen: Hardeep Puri
Preparations for the Uttar Pradesh Global Investors' Summit 2023, scheduled from February 10 to 12, are being done on a war footing to make the event grand and a memorable one. Prime Minister Narendra Modi is set to inaugurate the event while President Droupadi Murmu is likely to attend the closing ceremony as the chief guest. More than 20 Union ministers are likely to take part in the event including Defence Minister Rajnath Singh, Union Home Minister Amit Shah and Union Finance Mi...
Uttar Pradesh prepares for GIS-23 on a war footing
Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, inaugurated the 'Ethanol Pavilion' at the Auto Expo here, and said the ethanol blending in petrol was increased up to 10.17 per cent in 2022. The Maruti Suzuki and Toyota Kirloskar Motor, TVS, Hero MotoCorp, Bajaj Auto, Honda Motorcycle, Yamaha and Suzuki motorcycles are displaying their working prototype of flex-fuel vehicles at the pavilion and these vehicles can take a range of ethanol blends varying from 20-85 per...
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister
NEW DELHI - Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in investing in India's oil and gas exploration and production sector, India's oil minister, Hardeep Singh Puri, said in a speech on Friday.
Chevron, Exxon and Total keen to invest in India
Union Petroleum Minister Hardeep Puri said on Thursday that India has increased ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022. Addressing the CII Bio-Energy summit, Puri said that setting up 2G refineries to make ethanol from parali (Panipat refinery) and bamboo (Numaligarh refinery) with the twin objectives of reducing pollution along with achieving energy security goals is another milestone in this direction. Referring to the green hydrogen po...
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri
NEW DELHI -India's oil minister and Guyana's president have discussed government to government co-operation in Guyana's hydrocarbons sector, the Indian government said in a statement on Thursday. India will explore buying oil from Guyana in a long term deal and participating in the South American country's oil and gas exploration sector, the statement said. India's Petroleum Minister Hardeep Singh Puri met Guyana's President Mohamed Irfaa...
India to explore buying oil from Guyana in long-term deal
With a view to assess the quality and quantity of water supplied to people, the Ministry of Housing and Urban Affairs (MoHUA) has kickstarted the ground survey of Pey Jal Survekshan from December 15, officials said on Wednesday. The Pey Jal Survekshan under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 was launched by Minister of Housing and Urban Affairs, Hardeep Singh Puri, on September 9, 2022 to assess the service level compliance of the city with respect to qualit...
Ministry starts ground survey of Pey Jal Survekshan
India is preparing to launch sales of 20% ethanol with gasoline and will look to gradually raise its share of the cleaner fuel in its energy mix, the country's oil minister Hardeep Singh Puri said on Friday. India currently mixes 10% ethanol with gasoline, but the world's third-biggest oil importer and consumer is keen to cut its carbon footprint to aid Prime Minister Narendra Modi's goal for net zero carbon emissions by 2070. "Inhibition to confine to 20% will erode an...
India preparing to launch 20% ethanol with gasoline - Oil Minister Hardeep Singh Puri
The Central government is likely to seek stakeholders' comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. The committee, which the government had set up in September this year to review the gas pricing formula, to ensure fair prices to consumers, has recommended a cap of $4-$6.5 per mmBtu for gas produced from older fields by ONGC and Oil India, with cap rising ...
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
Oil Minister Hardeep Singh Puri has said India will at the upcoming G20 meeting plans to pitch for a global alliance on biofuels on lines of the highly-successful international solar alliance. India, the world's third largest oil-consuming and importing nation, is now pushing for greater use of biofuels extracted from sugarcane, cereals and agri waste as a means to cut reliance on crude oil. He stated ‘We will utilise our G20 presidency to try and set up an international biofuel all...
India to pitch for international biofuels alliance at G20 : Oil Minister Hardeep Singh Puri
Telangana Chief Minister K. Chandrasekhar Rao will lay foundation stone for Hyderabad Airport Express Metro next month. The 31-km long project will connect the information technology district Hitec City to Rajiv Gandhi International Airport at Shamshabad. Municipal administration and Urban Development Minister K. T. Rama Rao revealed that the chief minister will lay the foundation stone on December 9. "Hyderabad is Forging Ahead. Happy to announce that Hon'ble CM KCR Garu wi...
Chief Minister K. Chandrasekhar Rao to lay foundation stone for Hyderabad Airport Express Metro on December 9
India, the world's third biggest oil import, hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said on Thursday, a day after the European Union failed to agree on a Russian oil price cap. India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia's second biggest oil client after China as some Western entities shunned Moscow purchases followi...
India seeks to use global energy challenge as opportunity, says minister
Petroleum Minister Hardeep Puri on Wednesday said that there was no anxiety that Western nations' proposed cap on Russian oil could cut shipping availability for Indian imports. "I have no anxiety on that. Market forces will deal with that. We will act according to the situation," Puri said on being asked about the proposed cap on Russian crude. Puri, who was interacting with the media on the sidelines of a function commemorating the World LPG Week, in response to a questi...
No anxiety over proposed cap on Russian crude by West, says Petroleum Minister Hardeep Puri
Petroleum Minister Hardeep Puri on Monday said that if states are ready, then the Centre can bring petrol and diesel under the GST regime. Puri, who was in Srinagar, told media persons that for bringing petrol and diesel under GST, the states need to have a consensus. So if the states are ready, then the Centre would also be prepared as it has been ready for it all along, he added, as per reports. At the same time though, he noted that how would be implemented, is another issue altogeth...
Petrol and diesel can come under GST if all states agree: Hardeep Singh Puri
Around 810 km of metro line are operational in 20 cities in the country while more than 980 km of metro network and RRTS is currently under construction in 27 cities, Union Minister for Housing and Urban Affairs Hardeep Puri said on Friday, adding India currently has the fifth-largest metro network in the world. "India will soon overtake advanced economies such as Japan and South Korea to become the third-largest network. These developments will lead to a significant reduction of traf...
India`s metro network currently world`s 5th largest: Union Minister Hardeep Puri
Petroleum Minister Hardeep Puri on Thursday said that as India is facing certain challenges, the Central government's attempt is to convert these challenges into opportunities. "India today is clearly an India in transition," he said while addressing the India Chem 2022, organised by industry body FICCI and Ministry of Chemicals and Fertilisers. Puri while speaking on the high global energy prices, stated that "we have been able to navigate global prices. Clearly when...
India aims to convert energy challenges into opportunities: Petroleum Minister Hardeep Puri
Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, will visit the UAE on Monday to attend the opening ceremony of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC-2022). Puri is visiting the UAE on the invitation of Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Infrastructure, and Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC). During his ...
Hardeep Puri to visit UAE on Mon for Abu Dhabi petroleum conference
The Central government will look into the price cap on Russian crude proposed by Western nations, Union Petroleum Minister Hardeep Puri said on Wednesday. Puri said "we will look into this" while addressing the International Conference on Biofuels organised by Society of Indian Automobiles Manufacturers (SIAM). He further said that the government has advanced the E20 (ethanol mixed with 20 per cent gasoline) target by five years from 2030 and is providing comprehensive support...
Government to look into proposed price cap on Russian crude: Hardeep Purie
Petroleum Minister Hardeep Puri on Tuesday said that compressed bio gas (CBG) is the need of the hour and the government is taking all steps to promote the eco-system around it. Puri said this while inaugurating Asia's largest CBG plant in Sangrur on Tuesday. The plant has been commissioned with an FDI investment of Rs 220 crore by Verbio AG, one of Germany's leading bio-energy companies. Punjab Chief Minister Bhagwant Mann and senior officials from Verbio India were also pre...
Compressed bio gas need of the hour: Hardeep Puri
Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030, Union Petroleum and Urban Affairs Minister Hardeep Singh Puri said. At present, five million barrels of petroleum is being consumed in our country every day and it is also increasing by three per cent, which is higher than the global average of nearly one per cent, Puri added. The Union Minister shared this with media at the three-day South Asian Geoscie...
India to produce 25% of its oil demand by 2030: Hardeep Puri
Petroleum Minister Hardeep Puri on Friday said the government has navigated the global energy challenges very well, insulating the developing economy from the rising global crude and gas prices. "At present, five million barrels of petroleum is being consumed in our country every day and it is also increasing by three percent, which is higher than global average of around one per cent," he said in Jaipur at the three-day South Asian Geoscience Conference "Geo India 2022"...
Government navigated energy challenges well: Petroleum Minister Hardeep Puri
Petroleum Minister Hardeep Puri will inaugurate the three-day 5th South Asian Geoscience Conference, GEO India 2022 in Jaipur on Friday (October 14). Organised by the Association of Petroleum Geologists (APG), over a hundred experts from India and other countries including the US and Norway will participate to discuss issues and share their experiences. "Fossil Fuels, Decarbonisation and Changing Energy Dynamics'' is the theme for the conference. Petroleum Secretary Pank...
Union Minister to inaugurate geoscience conference in Jaipur
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