M Veerappa Moily

Kejriwal does not know basic fundamental law: Moily

Kejriwal does not know basic fundamental law: MoilyBangalore, Feb 22 : Union Petroleum and Natural Gas Minister M. Veerappa Moily on Saturday said Aam Aadmi Party (AAP) Chief Arvind Kejriwal lacks basic fundamental knowledge of the law, and added that the hike in the prices of gas was not his personal decision.

"The allegation against me is against the cabinet; it was the decision of the cabinet, not a personal decision or my own decision. The allegations against me are baseless," Moily told media here.

Kejriwal should know how government functions: Moily

Kejriwal should know how government functions: MoilyPetroleum Minister Veerappa Moily has called Delhi Chief Minister Arvind Kejriwal ignorant and advised him to know how a government functions.

Moily hit-back at Kejriwal after he ordered Delhi's Anti-Corruption Branch to register FIRs against Moily some other high-profile personalities over irregularities in the pricing of natural gas from K G Basin.

Govt. hikes subsidised LPG cap to 12 cylinders

Govt. hikes subsidised LPG cap to 12 cylindersThe Cabinet of the Congress-led UPA Government finally approved the proposal to hike the quota of subsidised LPG (cooking gas) from 9 to 12 cylinders per year per household.

The Cabinet Committee on Political Affairs approved the proposal in a meeting on Thursday. Following the meeting, Petroleum Minister M Veerappa Moily said that people would receive one cylinder each in February and March - the remaining months of current financial year, in addition to already approved nine subsidised cylinders.

Cap on subsidised LPG cylinders raised to 12

Cap on subsidised LPG cylinders raised to 12New Delhi, Jan 30 : The government Thursday decided to increase the cap on subsidised LPG cylinders to 12 from the existing nine, which will put an additional burden of Rs. 5,000 crore on the exchequer, Petroleum Minister Veerappa Moily said.

The cabinet, at a meeting chaired by Prime Minister Manmohan Singh, approved the proposal that ensures that almost 99 percent of the population gets subsidised cooking gas.

The cabinet decision came in less than two weeks after Congress Vice President Rahul Gandhi made a pitch for a higher cap on subsidised LPG cylinders. (IANS)

Moily expects NELP X to get all necessary regulatory approvals by Feb. 15

M Veerappa MoilyThe tenth edition of oil & gas block auctions is expected to get all regulatory approvals by the mid of February this year, Petroleum Minister M Veerappa Moily said.

The government has plans to launch the NELP X, the tenth edition of oil & gas block auctions, under the Uniform Licensing Policy (ULP) regime that will allow energy explorers to bid for all sources of hydrocarbons like oil, gas and methane.

Moily hints at increasing subsidised LPG cap to 12

M Veerappa MoilyThe government may increase the quota of subsidised LPG (cooking gas) cylinders from current 9 to 12 per household per year, Oil Minister M Veerappa Moily hinted on Sunday.

Moily said Congress Vice President Rahul Gandhi was taking up the issue of increasing the quota of subsidised LPG cylinders with the Prime Minister. He claimed that he was yet to receive any proposal from the Congress Vice President or the Prime Minister on the matter. He added that the final decision would be taken by the Cabinet Committee on Political Affairs (CCPA).

Government considers hiking subsidised LPG to 12 cylinders

M-Veerappa-MoilyGreater Noida, Jan 12 : The government is considering increasing the quota of subsidised cooking gas (LPG) cylinders from nine to 12 per household in a year, Petroleum Minister M.  Veerappa Moily said Sunday.

"I have read in the newspapers about (Congress vice-president) Rahul Gandhi taking up the issue of increasing the LPG (Liquefied Petroleum Gas) cap with the prime minister.  I am yet to get comments from the Congress vice-president or the prime minister," he told reporters at the Petrotech 2014 conference here, on the national capital's outskirts.

Indian Oil divestment decision deferred by EGoM

P-ChidambaramNew Delhi, Jan 9 : An Empowered Group of Ministers (EGoM) headed by Finance Minister P.  Chidambaram Thursday deferred a decision on disinvestment in state-run Indian Oil Corp (IOC).

"The decision on disinvestment has been deferred," Petroleum Minister M.  Veerappa Moily told media persons here after the EGoM meeting.

The Petroleum Ministry itself has been strongly opposing the stake sale.  The minister had said that IOC cannot be sold when the scrip is way lower than the 52-week peak of Rs. 375 reached on Jan 18 last year.

Moily takes charge of environment ministry

Moily takes charge of environment ministryNew Delhi, Dec 24 : Petroleum Minister M. Veerappa Moily took additional charge of the environment ministry Tuesday, and said there will be no compromise on environmental issues.

Moily was given the additional charge of the ministry of environment and forests after Jayanthi Natarajan resigned Dec 21.

"There will be no compromise (on the green image), we will have to maintain that. I don't want to compromise on the basic principles... the benchmark of this ministry," Moily told the media.

Higher gas prices will help home production: Moily

M-Veerappa-MoilyNew Delhi, Dec 20 : A day after the cabinet permitted Reliance Industries (RIL) to sell natural gas at a revised price, Petroleum Minister M. Veerappa Moily said higher prices will help raise domestic gas production and help cut imports.

"If you don't raise gas price, no domestic production will come and dependence on imports will increase," Moily said at the All India Management Association's (AIMA) 3rd PSU Summit here Friday.

CCI clears oil, gas projects worth Rs.7,947 crore: Moily

m-veerappa-moilyNew Delhi, Dec 13 : Five oil and gas projects totally worth Rs. 7,947 crore have been cleared by the Cabinet Committee on Investments (CCI), Petroleum Minister M. Veerappa Moily said Friday.

The pending projects were cleared on Dec 9, Moily told mediapersons here.

These projects include laying and renovating pipelines of IndianOil, Hindustan Petroleum Corp (HPCL) and Chennai Petroleum Corp (CPCL).

A Rs. 2,379 crore project by state-run explorer Oil and Natural Gas Corp (ONGC) for refurbishing surface installations and pipelines has also been cleared, the minister said.

Govt. plans to fully deregulate diesel prices within 6 months

Veerappa MoilyThe Congress-led UPA Government is aiming to fully deregulate the prices of currently subsidized diesel within the next six months, Union Petroleum & Natural Gas Minister Veerappa Moily said.

Mr. Moily said the government would be able to completely deregulate diesel e prices in case rupee gains strength against the dollar and the global oil prices fall.

Speaking on the topic, "In six months, diesel sector will be deregulated. We are already going in that direction. If the rupee appreciates and international oil prices drop, we will be in a position to completely deregulate."

5 kg LPG cylinder sales allowed at petrol pumps nationwide

LPG-5kg-cylinderNew Delhi, Nov 4 : The petroleum ministry Monday extended the sale of 5 kg cooking gas (LPG) cylinders at petrol pumps across the country, beyond the four cities originally covered by the pilot project.

Petroleum Minister M. Veerappa Moily "has approved a proposal to extend the scope of the scheme for sale of non-subsidised 5 kg LPG cylinders from petrol stations (petrol pumps/retail outlets) of oil marketing PSUs (OMCs) in other parts of the country subject to the Election Code of Conduct," a ministry statement said here.

Moily launches new 5-kg LPG cylinder scheme

MoilyUnder a pilot scheme, Petroleum and Natural Gas Minister M. Veerappa Moily has announced the launch of a new 5-kg LPG cylinder scheme in four metro cities and allowed inter-company LPG portability in 24 cities across the country on Saturday.

The 5-kg cylinders will be sold only through company-owned and company-operated (COCO) outlets of public sector oil marketing companies at 11 sites including three in Bangalore, two in Mumbai, three in Kolkata and three in Chennai. The scheme will been expanded of the pilot project is successful.

Cooking gas cylinder to be sold at petrol pumps

Cooking gas cylinder to be sold at petrol pumpsNew Delhi, Oct 2 : Cooking gas cylinders will soon be sold at market rates at selected petrol pumps across the country.

Petroleum Minister Veerappa Moily will formally launch sales and an LPG portability scheme at a function in Bangalore on Saturay, an official statement said Wednesday.

Initially, 5 kg cylinders of liquified petroleum gas (LPG) will be sold at the petrol stations of the government-run oil marketing firms.

Private firms can explore for shale oil, gas: Moily

Veerappa-MoilyNew Delhi, Sep 26 : Private sector energy firms would soon be allowed to explore for shale oil and gas from their existing fields, Petroleum Minister Veerappa Moily said Thursday.

"The cabinet has approved shale gas exploration policy for national oil companies, Oil India and ONGC. Soon, the same will be extended to other companies, including private energy players," Moily told media persons here on the sidelines of a conference.

The Cabinet Committee on Economic Affairs has Tuesday approved exploration and exploitation of shale gas and oil by national oil companies (NOCs) in blocks awarded to them on a nomination basis.

Oil ministry works out plan to slash oil import bill by $22bn

Oil ministry works out plan to slash oil import bill by $22bnThe oil ministry has worked out a plan to slash India's oil import bill from Iran by $22 billion, Oil Minister M. Veerappa Moily.

Mr. Moily also revealed that Prime Minister Manmohan Singh had sought savings of $25 billion in oil import bill as part of the government's efforts to tackle the problem of current account deficit (CAD).

No plan to shut petrol pumps at night: Moily

M-Veerappa-MoilyNew Delhi, Sep 2 : The government is not planning to shut petrol stations at night, Petroleum and Natural Gas Minister M. Veerappa Moily said Monday.

Moily said this in response to reports that the government would shut petrol pumps at night to curb demand of petroleum products in view of the sharp jump in crude oil prices in international markets and depreciation of the rupee.

"We have not taken any decision," said Moily.

The minister had said Sunday that the shutting down petrol pumps after 8 p. m. was one of the ideas coming from a section of the people.

Nearly 80 percent of India's crude oil needs imported

M-Veerappa-MoilyNew Delhi, Aug 27 : Almost 79 percent of India's crude oil requirements have to be imported, Petroleum Minister M. Veerappa Moily said Tuesday.

In a written reply in parliament, Moily said the estimated demand for 2013-14 of petrol, diesel and LPG is 16,335 MT, 73,500 MT and 16,712 MT, respectively.

The minister said 78.75 percent of crude oil required in India for petroleum products has to be imported.

The issue of oil imports has come under focus in the context of the country's spiralling current account deficit.

Moily calls for more investments in oil and gas sectors

M-Veerappa-MoilyMumbai, July 26 : Union Petroleum and Natural Gas Minister M. Veerappa Moily Friday called for higher investments in the country's oil and gas sector to boost self-sufficiency.

Addressing the National Convention on Oil and Gas 2013, organised by the India Tech Foundation, here, Moily also sought to justify the recent cabinet decision to hike the gas price, saying it would make exploration of natural gas commercially viable.

"Should we pay $6.83 per unit to produce gas domestically or import it at a much higher price? This is the decision we have to make," he said.




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