Indian ships will be permitted passage through the Strait of Hormuz. Iran's representative in India confirmed this. This assurance comes am...

The grant will be distributed among the three corporations - Indian Oil, Bharat Petroleum and Hindustan Petroleum - and help ensure an "unh...

The Railways bears 43 per cent of the cost of train fare even as the state-run transporter incurs a loss of about Rs 30,000 crore a year in...

Government will provide five crore LPG connections on a concessional rate to below poverty line (BPL) families over three years.

The construction work under the supervision of CPT on behalf of Indian Oil Corporation Limited is expected to be completed within 24 months.

Tax experts are, however, divided if the insertions mean that assesses will have to pay tax on subsidies they receive in their bank account...

EC, which conveyed its strong displeasure to Moily through a letter, said the announcement was a clear violation of the election code.

Maharashtra Government will incur a burden of Rs 2,400 crore to provide three subsidised LPG cylinders to consumers in the state, officials...

CPI(M) in Kerala today warned of a state-wide stir if the Centre failed to rollback prices of petroleum products.

NCP said the party did not want rollback in diesel price hike and capping of gas cylinders but is hoping to "streamline" the distribution m...

The Centre for Indian trade Unions (CITU) today expressed "strong resentment" against government efforts.

A joint venture of HPCL and Total have commissioned Rs 333-crore underground cavern facility to store 60,000 MT liquefied petroleum gas (LP...

The finance ministry may not provide any excise duty concession on petroleum products.

In a bid to push sales of alternate fuel vehicles in the country, the government is now planning to extend an 8% excise duty concession to ...

The government is expected to ink the auto fuel policy tomorrow that would draft a roadmap for new emission norms.

NEW DELHI: Finance Minister Yashwant Sinha, it would appear, is finally relenting under the political heat generated by the series of setba...