State-fuel retailers could cut retail prices of petrol by about two rupees a litre from next month if global oil prices and the rupee stabilise at current levels, said S.Roy Choudhury, chairman of Hin

Stressing that the government was committed to finding solutions for the issues facing the gas industry, Prime Minister Manmohan Singh on Friday said remunerative energy prices was needed to ensure

India, publicly disdainful of sanctions to pressure Iran, has been left off a list of nations given a U.S. waiver from the measures, but is privately pushing its refiners for substantial cuts in impor

The Oil Ministry wants Finance Ministry to waive withholding tax on rupee payments Indian oil refiners plan to make for crude oil they buy from Iran, as the high tax rate makes the newly agreed paymen

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