The ongoing issues in the power sector, which is badly hit by coal and gas shortages, coupled with poor monsoons in some states, will increase the demand for oil products, which is set to increase

The Competition Commission of India (CCI) may soon ask its investigation wing to carry out a detailed investigation into the alleged cartel-like behaviour of oil marketing companies increasing and

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

The Oil Ministry has moved a Cabinet note seeking immediate hike in diesel, cooking gas and kerosene prices and limiting supply of subsidised LPG cylinders to 4-6 per household in a year.

The min

Diesel and cooking gas (LPG) prices are unlikely to be hiked even after the end of the Monsoon Session of Parliament next week as the government is wary of taking such a decision at a time when it

State-owned oil firms are losing Rs 450 crore per day on sale of diesel and cooking fuels as fall in rupee and rise in international oil prices has widened fuel losses.

Indian Oil Corp (IOC), Bharat

State-run producer Oil & Natural Gas Corp reported a higher-than-expected 48 per cent jump in quarterly profit as the company benefited from higher crude oil prices and foreign exchange fluctuations.

Petrol prices should have been cut by Rs 2.20-2.30 a litre as global rates have fallen to 18- month low but oil companies will not reduce prices as they watch the volatile rupee that is making impor

The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.

Fuel retailers have threatened to hike petrol prices by about 15 per cent if the government does not temporarily regulate prices and compensate them for losses on sales, further evidence the liberalis