India is expected to surpass Japan as the world’s third-largest oil user this year and will be the fastest-growing crude consumer in the wo...

In the first year, state-run Indian Oil, Hindustan Petroleum and Bharat Petroleum are expected to add 3 crore consumers.

Allowing producers to sell at market prices with a ceiling of alternative fuel prices means the sellers will not be allowed to exploit the ...

Finance minister Arun Jaitley announced that the government is considering allowing market prices for natural gas, which is currently fixed...

The cut will impact the revenue of producers like ONGC and Reliance Industries and bring gains for users in power and fertiliser sectors.

In March, Prime Minister Narendra Modi had laid a road map for the local industry to cut the country’s import dependence by 10% in seven ye...

According to the Interim Budget Rs 35,000 crore of subsidy due in the fourth quarter will be carried over to the next financial year.

Foreign minister told energy firms on Tuesday to be more adventurous in searching for oil supplies.

Top private energy firms have been let down by the Budget, as no concrete steps have been announced to stimulate investment after two years...

Union Budget 2013 should ensure that all petroleum sector transactions are included to become eligible for classical GST benefit, said Deep...

India would have increased its GDP by a whopping 6.5% if the import of crude oil were avoided completely, according to a report.

Switching to CNG and replacing LPG with PNG makes more sense after diesel price hike and capping of subsidised gas cylinders.

The petroleum regulator's order that slashed tariffs of Indraprastha Gas Ltd and asked it to refund its customers will wipe out all its fut...

The government is moving away from auctioning a large number of blocks periodically to an Open Acreage Licensing Policy, or OALP, which wil...

Free fuel pricing from the government’s control and provide direct subsidies to the poor to save them from the vagaries of the market, says...

Of late, there have been reports that the rush of Indian investors “have led to rise in valuation multiples, making coal assets expensive ....

With the crude price rally showing no signs of ending, the government will have to take several unpopular decisions - sooner than later - t...