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IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.Business
Fuel price hike: Petrol, diesel prices rise for the fourth consecutive...

Despite the government's efforts to bring fuel prices under control, the prices are increasing daily.

9 Oct 2018 12:14 PM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.Business
No going back on fuel price deregulation: Oil Minister Pradhan

The combination of high international oil prices and a depreciating rupee has made imports costlier.

8 Oct 2018 3:48 PM IST

Devotees perform Garba Dance during the second day of Navratri festival in Bhopal (Photo: PTI)Business
India Inc gears up for festive season

The consumer confidence index for India has moved up in September.

8 Oct 2018 11:24 AM IST

\The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.Business
Fuel prices regain upward trend after a relief of Rs 2.50 from Centre

Petrol rate is the highest in Mumbai and diesel rate is the highest in Chennai.

7 Oct 2018 12:49 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.Business
Govt seeks to reassure markets on deregulation of fuel prices

Shares in the companies fell more than 20 per cent to multi-year lows on Friday before recovering marginally.

7 Oct 2018 11:45 AM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)India
Arun Jaitley questions commitment of Rahul Gandhi, his allies over...

'Are Rahul Gandhi and his reluctant allies only committed to tweets and TV bytes when it comes to give relief to common...

6 Oct 2018 9:25 PM IST

Union finance ministry Arun JaitleyBusiness
Petrol price cut: Jaitley questions Rahul Gandhi's commitment, allies

Non-BJP non-NDA States have refused to pass on any benefit to the consumer.

6 Oct 2018 3:19 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.Business
Fitch said govt move on fuel prices to impact profitability of OMCs

The government reduced the prices of petrol and diesel by Rs 2.50 per litre on October 4, 2018.

5 Oct 2018 4:43 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.Business
Gujarat, Maharashtra govts cut petrol, diesel prices by Rs 2.50 a...

The announcement was made by the respective cheif ministers of the states.

4 Oct 2018 5:32 PM IST

Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)Business
Country facing 'economic crisis' due to crude oil imports: Gadkari

Rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.

4 Oct 2018 4:23 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)Business
Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos...

Excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

4 Oct 2018 3:49 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.Business
Oil Minister meets Arun Jaitley as fuel prices touch new high

Petrol prices were on Thursday hiked by 15 paise a litre and diesel by 20 paise.

4 Oct 2018 1:56 PM IST

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