A review of Oil PSUs will be undertaken by the Union Minister of Petroleum and Natural Gas Murli Deora along with the Chief Executive Officers (CEOs) of the Oil PSUs.

During the review, Minister of State for Petroleum and Natural Gas Dinsha Patel and Petroleum Secretary R.S. Pandey would also be there to discuss the working of the PSU, challenges & problems faced by them and many other various issues.
 

New Delhi, Aug 19: Union Minister of Petroleum and Natural Gas Murli Deora will meet Chief Executive Officers (CEOs) of oil PSUs here today to review PSU working and to discuss various issues, challenges and problems faced by them.

Minister of State for Petroleum and Natural Gas Dinsha Patel and Petroleum Secretary R. S. Pandey will also be present in the meeting.

The meeting would specially focus on the distribution of petroleum products in the country.

Vienna - The price for crude oil produced by the Organizati

Washington - The Speaker of the US House of Representatives Nancy Pelosi said Saturday she will "consider" allowing offshore drilling in some areas, with "appropriate safeguards."

Pelosi outlined this shift from her earlier opposition to opening new areas to oil exploration, during the Democratic Party's weekly radio address.

Wednesday saw the Petroleum and Natural Gas Minister Murli Doera ruling out a reduction in domestic fuel prices. In the past two months, there has been a continuous drop in the international crude oil prices and this has also brought the Indian crude basket by 8 percent.

Mr. Deora also informed the reporters, “The fall in prices of crude oil is a very positive and good sign. But … the Oil Marketing Companies (OMCs) are incurring massive losses due to under-recoveries at various levels.”

Last month, where the crude oil prices were high up to $147, this week it saw a downfall to around $ 113 a barrel.