The government has no plans to decontrol diesel pricing but wants consumer to “get used” to changes in petrol rates being effected every fortnight. “There is no immediate plan to decontrol diesel or LPG as they ...
India plans to invest in liquefied natural gas (LNG) plants in producing countries to help meet growing demand in its own rapidly expanding economy, its oil minister said. It is also expanding its LNG gasification capacity ...
Oil prices pushed higher in Asian trade today after Iran’s military reportedly said it had shot down a US drone and ahead of a Franco-German euro rescue meeting, analysts said. New York’s main contract, light sweet ...
State-owned Indian Oil Corp (IOC) has sought a two-year extension of tax breaks available for refineries so that its delayed Rs 29,777 crore Paradip refinery can avail of the benefit. Exemption or holiday, under section 80IB(9) ...
Oil prices dipped in Asian trade today as an unexpected rise in US crude stockpiles dampened market sentiment after an overnight rally, analysts said.
New York’s main contract, light sweet crude for January delivery, fell 16 cents ...
Petrol in India is costlier than in its neighbouring countries and in the US, primarily because of high taxes.
Petrol in Delhi today costs Rs 66.42 per litre as against Rs 44.88 a litre price in the ...
Crude prices retreated in Asian trade today as traders took profits from a rally the day before and European debt woes continued to worry the markets, analysts said. New York’s main contract, light sweet crude for ...
Videocon Industries and Bharat Petroleum Corporation (BPCL) today said the natural gas discovery they made off Mozambique may hold 15-30 trillion cubic feet (tcf) of inplace reserves which they may ship into India in form of ...
Petroleum Minister S Jaipal Reddy today hinted that the government will not rush into raising retail fuel prices just yet, even though a falling rupee has increased cost of oil imports.
“Depreciation of rupee has naturally created ...
