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Kerala waives sales tax on latest petrol hike
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The Congress led UDF government in Kerala today waived the sales tax on the latest petrol price hike, saying it was committed to bringing some relief to the people affected by the latest increase.
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HPCL chief says unaware of possible diesel price hike
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The head of state-run oil company HPCL , S.Roy Choudhury, said on Thursday he had not been informed of a possible hike in diesel prices by the government
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Petrol price hike: Karnataka may cut local taxes
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The Karnataka government is seriously contemplating reducing taxes on petrol to ease the burden on the common man.
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Odisha protests over petrol price hike
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Protests and demonstrations were organised in various parts of Odisha Thursday against the hike in petrol prices by an unprecedented over Rs.7 a litre by oil marketing companies.
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Kerala shuts down to protest petrol price hike
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A statewide shutdown was called by the Left Democratic Front (LDF) and the Bharatiya Janata Party (BJP) here Thursday to protest the huge hike in petrol prices.
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Petrol price hike angers Kashmiris
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The unprecedented steep hike in petrol price Thursday seems to have hit people in Kashmir hard, the angry protestors saying it would cripple markets,
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Steep rise in petrol prices
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On a day when the rupee hit a new low, petrol price touched a new high. Petrol in Delhi will now cost Rs 73.18 a litre effective midnight with the public sector oil marketing companies
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Oil sector feels heat as fuel losses soar
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It has been yet another wobbly fiscal for the public sector oil refining companies.
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Mamata, other allies flay petrol price hike
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The West Bengal Chief Minister, Ms Mamata Banerjee, on Wednesday, sharply criticised the petroleum price hike by the Centre.
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Diesel drives petroleum product sales in 2011-12
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Diesel sales accounted for much of the spurt in consumption of petroleum products in 2011-12.
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Petrol price up by over Rs 7.50, steepest hike ever
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By the time you read this, petrol price would have gone up by more than Rs 7.50 a litre across the country.
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Petrol to cost 81.44 in Hyderabad, sharpest hike ever
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By the time you read this, the price of petrol would have gone up by more than Rs 7.50 a litre across the country.
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Petrol to cost Rs 82 after steepest hike of Rs 8.49
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By the time you read this, the price of petrol would have gone up by Rs 7.54 a litre across the country.
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Petrol may rise Rs 5/litre, diesel Rs 3
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Get ready to pay more for fuels shortly. The hike is likely to kick in soon after Parliament's budget session ends on May 22.
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Kerala, Petronet LNG to sign pact for power project
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The Kerala Government and Petronet LNG will sign a contract for setting up a Rs 2,250-crore power plant as part of the LNG terminal at Puthuvype in Kochi.
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India seeks shale gas supplies from US
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India is looking at the possibility of importing liquefied shale gas from the US, as part of efforts to look at alternative sources to meet its energy security needs.
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MRPL plans to bid for stake in ailing Haldia Petrochem
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ONGC-controlled Mangalore Refinery and Petrochemicals Ltd plans to bid for acquiring West Bengal Government's stake in the ailing Haldia Petrochemicals Ltd.
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Crude futures down at Rs 5,034 per barrel
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Crude oil futures prices fell 0.96 per cent to Rs 5,034 per barrel today, as speculators engaged in reducing their positions amid a weakening trend overseas.
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ONGC Videsh Limited pulls out of block in South China Sea
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ONGC Videsh, the overseas arm of state-owned ONGC, has temporarily pulled out of a choppy offshore oil block in Vietnam in the disputed South China Sea
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Crude futures down at Rs 5,078 per barrel
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Crude oil futures prices fell 0.65 per cent to Rs 5,078 per barrel today, as speculators trimmed positions amid a weakening trend overseas.
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IOC may hike fuel prices in UP if state doesn't scrap entry tax
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State-run Indian Oil Corporation has told Uttar Pradesh chief minister Akhilesh Yadav that it will be forced to raise fuel price in the state unless the entry tax, which has put a burden of 8,600 crore on the cash-strapped firm, is withdrawn.
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HPCL to sign new crude import pact with Azerbaijan firm
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The Hindustan Petroleum Corporation Ltd (HPCL) board will consider signing crude import agreement with the State Oil Company of Azerbaijan Republic (SOCAR), a top official has said.
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Oil secretary pulls up cos for dragging feet on new safety norms
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State-run oil companies haven't learnt lessons from two major disasters in recent times and have been dragging their feet on introducing latest fire safety standards, petroleum secretary GC Chaturvedi told the top brass from these firms.
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RIL's gas output from KG-D6 fields to hit all-time low
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Reliance Industries’ eastern offshore KG-D6 gas fields are likely to see a fall in output to an all-time low of 20 million standard cubic meters per day in 2014-15, the Oil Minister, Mr S. Jaipal Reddy, has said.
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The diesel pricing dilemma
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Everyone knows it is heavily subsidised. Yet, any talk of a price increase in diesel raises the hackles of political parties. And amidst this chaos, expensive cars and SUVs are making the most of a hugely cheap fuel.
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