“Petrol price has been reduced due to softening of international oil prices and marginally favourable exchange rates,” IOC Chairman RS Buto...

"We are expanding our network and we will spend around Rs 10,000-11,000 crore a year," IOC Chairman R S Butola said.

Rs 1 per litre and diesel by 50 paise a litre if they get the informal nod of oil minister Veerappa Moily, who has returned from US trip.

Directionally the decision that has been taken yesterday is a welcome move for the industry, says RS Butola.

India’s three oil marketing companies are all in the Fortune 500. But they have little real power because of fuel price control.

State refiners had raised petrol price by 7.54 a litre last week that was protested by allies of the UPA government.

State-run Indian Oil Corp has reported 47% drop in its net profit at Rs 3,955 crore in 2011-12 because of Rs 8,157 crore disputed state tax...

State oil cos raised the price of petrol for the first time in more than six months in a gesture of fiscal discipline that economists said ...

State refiners are preparing to raise petrol prices next month if they are not compensated for selling the fuel below market rates for poli...

Petrol prices are expected to rise by about Rs 3 per litre early next month after the crucial assembly election in Uttar Pradesh.

State-run Indian Oil Corp, India's biggest fuel retailer, has warned about an impending fuel crisis in the country.

India is staring at an energy crisis after December as staterun refineries will start shutting down because they will run out of money to i...

Defending the government on the recent petrol price hike, Finance Minister Pranab Mukherjee Saturday said the decision on the increase was ...

State-owned oil companies today said they will roll back the increase in rate if the government gives a directive to that effect.

State-run Indian Oil Corporation will use the first available opportunity to cut petrol rates if international crude rates dip.

IOC has reported 3,719cr net loss because of huge revenue losses on selling diesel, kerosene and cooking gas below market rates and rising ...

State-run oil firms are expected to raise prices of petrol shortly, possibly after May 10 when the state polls end.