The Finance Ministry in a study will verify the claims of losses by state-owned oil companies
on selling diesel, LPG and kerosene below cost price and decide the quantum of subsidy for 2012-13 based o

The second largest oil marketer Bharat Petroleum has said that it has lined up Rs 40,000-45,000 crore capital expenditure plan for the next four-five years, which will be utilised in its upstream

Oil marketing companies are losing Rs.518 crore per day on sale of diesel, kerosene and domestic liquefied petroleum gas (LPG), government data showed on Tuesday.

Oil retailers are expected to lose R

The union government has told refiners to reduce Iranian oil imports and find alternatives as New Delhi may not seek a waiver that would protect buyers of Tehran's oil from a fresh round of U.S. sanct

Indian companies have begun talks with alternative suppliers to slowly replace Iranian oil, fearing their current mechanism for payments to Tehran for some 350,000 barrels a day (bpd) via Turkey could