Who is oil minister of india

The previous Congress-led UPA government had issued bonds to state-owned oil companies to make up for the difference in the artificially suppressed retail selling price of fuel and the cost.

These oil bonds and the interest thereon are being paid now. Have you read these stories? Red alert withdrawn for Chennai, flights resume Updated: Nov 11, , Arrivals resume at Chennai airport. The airport had suspended incoming flights till 6pm due to strong crosswinds, reports ToI.

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Bringing together refiners for better oil import deals, says Oil Minister Puri The government had organized a meeting of the representatives of refineries recently and they seemed interested in the idea of jointly working on oil import, Puri said, adding that even private refiners have been enthusiastic about it. PM to interact with CEOs, experts of global oil and gas sector The interaction will focus on areas like encouraging exploration and production in hydrocarbon sector in India, energy independence, gas-based economy, emissions reduction through clean and energy efficient solutions, green hydrogen economy, enhancement of biofuels production and waste to wealth creation, according to the PMO.

India will use its 'margin of persuasion' to make sure fuel prices are down: Hardeep Singh Puri India will use whatever "margin of persuasion" it has while talking to oil-producing nations to make sure the fuel prices are down in the country, Oil Minister Hardeep Singh Puri said on Friday.

Indian refiners willing to join forces for cheaper oil imports "The outcome of the meeting between private and state-run refiners on a joint oil procurement plan was very encouraging," Puri said in a news conference at the India Energy Forum industry event.

India warns of high oil prices hurting global economic recovery Earlier, India warned that high oil prices will undermine global economic recovery, and nudged Saudi Arabia and other OPEC nations to work towards affordable and reliable supplies. All News Videos Photos. Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman sees demand from gas-to-oil switching at up to , bpd Prince Abdulaziz said that the rise in energy prices now is the result of limited investment in hydrocarbons, low inventories and post pandemic demand recovery.

Lanka IOC urges government to hike fuel prices The Sri Lankan government has put on hold the expected retail price hike of fuel despite increasing the prices of cooking gas and other essentials last week.

Rising oil imports require coordination between India's oil and foreign ministries, and Puri's diplomatic background will make it easier for him to do this, said Vivek Katju, a former Indian foreign minister. He will also be able to "strengthen India's interaction with both oil-producing and oil-consuming countries", Katju added.

Sector analysts praised the efforts of outgoing minister Pradhan. Pradhan sold India as an investment opportunity for oil producers and not just a market for oil sales, Haq added. But Pradhan also faced criticism over high fuel prices. Asked what his biggest challenge would be, Puri said: "Filling the big shoes of Dharmendra Pradhan". Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Hardeep Singh Puri is a former India envoy to UN Diplomatic skills expected to prove useful in new role India is world's third biggest oil importer, consumer Puri says wants to boost domestic energy production. More from Reuters.