New Delhi: India, whose per capita consumption is significantly lower than that of developed economies, will contribute 10 per cent of the incremental...

With the government constantly increasing the price of Compressed Natural Gas (CNG), the green fuel is gradually losing popularity as cheap fuel in...

A day after the announcement of five per cent value added tax (VAT) on CNG by Chief Minister Sheila Dikshit in her budget, both the opposition and the...

State-owned Indian Oil Corp (IOC) on Monday reported a more than trebling of net profit in the March quarter after the government compensated the...

State-owned Oil India Ltd on Monday said it is in talks to buy 51 per cent in Mukesh Ambani’s privately owned firm Reliance Gas Transportation...

Still battling the fallout of last week’s steep Rs 7.54 a litre hike in petrol price, the government on Monday said it is not considering raising...

With the Assembly poll looming ahead, Chief Minister Sheila Dikshit did keep her promise and slashed 20 per cent value-added tax (VAT) on the hiked...

After a steep Rs 7.54 a litre hike in petrol prices, a high powered ministerial panel headed by finance minister Pranab Mukherjee may meet soon to...

The government will dole out Rs 38,500 crore additional cash subsidy to public sector oil companies as part of compensation for selling diesel,...

The petroleum ministry has sought cash subsidy of Rs 49,872 crore from the finance ministry to compensate state-owned oil firms for selling fuel at...

The oil ministry has refused permission to public sector oil companies for acquiring Asian Development Bank’s stake in Petronet LNG Ltd (PLL) so as to...

Upstream oil watchdog DGH has refused to recognise two significant natural gas discoveries that Reliance Industries (RIL) had made in a Mahanadi basin...