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Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi Arabia gives assurances on supply as oil hits USD 80 per barrel

Saudi Arabia said it would make sure the world is adequately supplied with oil to support global economic growth.

18 May 2018 12:33 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

Holistic strategy to find a long-term solution to fuel prices: Pradhan

The government had raised excise duty on petrol by Rs 11.77 a lire and that on diesel by 13.47 a litre.

28 May 2018 3:36 PM IST

India has the highest retail prices of petrol and diesel among South Asian nations.

Petrol, diesel prices hiked nationwide

The hike is all set to burn a bigger hole in commuters' pockets across the nation.

16 May 2018 12:23 PM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Pocket pinch: Fuel prices hiked again across India within 19 days

Petrol will now cost Rs 75 per litre in Delhi, Rs 77.79 in Kolkata, Rs 82.94 in Mumbai and Rs 77.93 in Chennai.

16 May 2018 12:08 PM IST

Oil and gas is major contributor to countrys energy needs.

Dharmendra Pradhan unveils DSF-II bid round

DSF Round-I was a success which has given "immense confidence on the upcoming discoveries under DSF-II".

14 May 2018 6:00 PM IST

BJP president Amit Shah

BJP wants to shed big brother' image

The last time the ruling alliance had met was last year ahead of the presidential elections.

21 March 2018 1:39 AM IST

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16.

Private fuel retailers double petrol, diesel market share

In 2017-18, private retailers commanded 6.8 per cent market share in petrol sales and 8.2 per cent in diesel.

19 March 2018 3:39 PM IST

Andhra Pradesh Chief Minister N Chandrababu Naidu has written to Oil Minister Dharmendra Pradhan, complaining about Gujarat government firm GSPC.

Chandrababu Naidu asks Centre to cut excise on petrol, diesel

Naidu said the Centre had between November 2014 and January 2016 hiked excise duty on petrol and diesel nine times.

11 May 2018 4:27 PM IST

India has the highest retail prices of petrol and diesel among South Asian nations.

IOC says oil PSUs froze fuel prices to avoid consumer pain

Oil Minister Dharmendra Pradhan said the government has nothing to do with fuel pricing.

8 May 2018 7:48 PM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

India gets 1st US LNG shipment at Dabhol

Dharmendra Pradhan also announced a Rs 700-crore investment by the newly-created Gail arm Konkan LNG.

30 March 2018 4:58 PM IST

Andhra Pradesh Chief Minister N Chandrababu Naidu has written to Oil Minister Dharmendra Pradhan, complaining about Gujarat government firm GSPC.

Chandrababu Naidu asks Pradhan to get GSPC to pay farmers' dues

N Chandrababu Naidu on March 24 wrote to Pradhan about pending compensation to the affected fishermen.

30 March 2018 3:17 PM IST

Odisha CM Naveen Patnaik. (Photo: PTI)

Odisha BJP hit by booth-level exodus

Sources said that the BJD has surged ahead in propaganda on the social media that once used to be the BJP's strong...

6 May 2018 4:07 AM IST