विज्ञप्तियां उर्दू विज्ञप्तियां फोटो निमंत्रण लेख प्रत्यायन फीडबैक विज्ञप्तियां मंगाएं Search उन्नत खोज
RSS RSS
Quick Search
home Home
Releases Urdu Releases Photos Invitations Features Accreditation Feedback Subscribe Releases Advance Search
home  Printer friendly Page home  Email this page
English Release 23-September 2014
Date Month Year
  • President's Secretariat
  • President congratulates medal winners in Asian Games 2014
  • President of India’s message on the eve of Republic Day of Trinidad and Tobago
  • President congratulates medal winners in Asian games 2014
  • Vice President's Secretariat
  • LET’S EMPOWER WOMEN THROUGH EDUCATION : VICE PRESIDENT
  • Prime Minister's Office
  • PM to hold first Radio Programme on October 3
  • PM greets the people of Saudi Arabia on their National Day
  • PM greets the nation on Mahalaya
  • J&K CM calls on PM
  • Min of Agriculture
  • Shri Radha Mohan Singh Urges Canada to Invest in Indian Agro Infrastructure
  • Min of Civil Aviation
  • AAI Signs MoU with US Agency
  • AAI Markets Indian Airports at World Route Forum
  • Min of Culture
  • SAARC Culture Ministers’ Meet to Chart out 2014-17 Action Plan
  • Min of Environment and Forests
  • Text of the Intervention made by Minister for Environment, Forests and Climate Change Shri Prakash Javadekar during Major Economies Forum meeting at New York on 22nd September, 2014
  • Min of Health and Family Welfare
  • J&K health infrastructure needs urgent revival
  • Min of Home Affairs
  • Clarification
  • Min of Human Resource Development
  • National Convention on Inclusive Education of Children with Special Needs Held
  • Min of Mines
  • Mineral Production during July 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 95.43 per bbl on 22.09.2014
  • Ministry of Railways
  • Railways Lifts both Men & Women Championships at Senior National Powerlifting Championship held at Goa
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Asian Games 2014
  • Min of Textiles
  • Santosh Kumar Gangwar to Chair Annual Conference of State Textiles Ministers Tomorrow
  • Min of Urban Development
  • Ideas, Innovation, Investments and Implementation key to ‘Reinventing the India Story’ says Shri M.Venkaiah Naidu
  • Planning Commission
  • Aadhaar has enrolled one –fourth of UP’s residents, Crosses 5 Crore mark

Previous Date

 
Ministry of Petroleum & Natural Gas29-October, 2012 17:35 IST
Shri Veerappa Moily Assumes Charge as New Petroleum Minister
Working towards providing energy security to the People of the country is my priority : Moily

Dr. (Shri) M. Veerappa Moily assumed office as new Minister of Petroleum and Natural Gas, here today. He was earlier Minister of Power and Corporate Affairs. Outlining his priorities on the occasion, Shri Moily said that he would work towards providing energy security to the people of India. Bridging the gap in per capita consumption of petroleum products between the global average and bringing it up to a decent level of around 6 barrels/person/year from the present level of 3 barrels is a huge task, he added.

Shri Moily also said that his priorities include intensifying the pace of domestic exploration & production of crude oil & natural gas through new policy initiatives. He emphasised that our oil companies, at the same time will be encouraged to aggressively acquire assets abroad in the interest of energy security.

Elaborating his priorities further, the Minister called for expediting development of oil & gas infrastructure and ensuring availability of sensitive petroleum products, namely Diesel, PDS Kerosene and Domestic LPG at reasonable prices. He also said that efforts will be expedited in channelizing subsidy to the targeted beneficiaries (Direct Cash Transfer). The Minister said that Oil Marketing Companies (OMCs) are incurring high under-recoveries an these sensitive products which present ly come Rs 433 core per day. At this rate, OMCs are expected incur an under-recovery of Rs 1, 63,000 crore this fiscal as compared to Rs 1, 38,500 last year (2011-12). Whereas, about Rs. 60,000 crores of under-recoveries during the current year are likely to be borne by the upstream companies (ONGC, OIL and GAIL), efforts will be made to persuade the Ministry of Finance to compensate the balance under-recoveries, he said.

Shri Moily also referred to encouraging use of natural gas and ensuring upgradation of gas infrastructure in terms of LNG terminals and pipelines. His priorities include Oil PSUs preparing concrete action plans to achieve planned investment of over Rs 4, 50,000 crore during XIIth Five Year Plan, conservation of petroleum products, extension of BS-IV petrol-diesel to major cities, enhancing service standards by OMCs to maximize consumer satisfaction, etc.

***


RCJ/RKS
(Release ID :88686)

Web Ratana This site is winner of Platinum Icon for 'Outstanding Web Content' Web Ratna Award'09 presented in April 2010
Site is designed and hosted by National Informatics Centre (NIC),Information is provided and updated by Press Information Bureau
"A" - Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110 001 Phone 23389338
Go Top Top

उपयोग संबंधी शर्तें स्वोत्वाधिकार नीति गोपनीयता संबंधी नीति हाइपरलिंकिंग नीति Terms of Use Copyright Policy Privacy Policy Hyperlinking Policy