Diesel demand will surge in India this summer as subsidies make it cheaper than fuel oil for burning in power plants and factories, potentially tightening distillate supplies in Asia if New Delhi does

The government may hike diesel and domestic LPG rates next week while an increase in petrol prices may happen later this week.

"The Empowered Group of Ministers (EGoM) headed by Finance Minister Pra

The government plans to hike diesel prices by up to Rs 3 a litre soon after the Assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on c

New Delhi: Describing tax regime on petroleum products as 'anti-people', the CPI-M today said the government will rake in a huge revenue of Rs 1,35,000 crore from these levies in the fiscal beginni

New Delhi: State-owned fuel retailers may not hike petrol and diesel prices till Assembly elections in five states are completed in May, even though their losses on auto fuel sales continue to mount.

Tehran: Iran on Saturday said it is removing the fuel from the reactor of a Russian-built nuclear power plant, a move seen as a big blow to its controversial nuclear programme.

The decision to rem

London: Artificial petrol that costs 19 pence per litre could be available in as little as three years.

Scientists in Britain are refining the recipe for a hydrogen-based fuel that will run in existi

New Delhi: State-run Indian Oil Corp (IOC.BO) is making a daily revenue loss of 1.59 billion rupees ($35 million) for selling diesel and cooking fuels at government-fixed cheaper rates, the company sa

New Delhi: The government should raise the price of bio-diesel obtained from the jatropha plant to support the bio-diesel industry's sustainability efforts, the Confederation of Indian Industry (CII)

Tehran: Iran levied up to a five-fold hike in fuel prices from Sunday as the government started scrapping subsidies as part of a long-awaited economic overhaul, despite stiff resistance from conservat