State-owned oil companies have seen their daily losses reduce to under Rs 600 crore. This comes after four rounds of petrol and diesel pric...

Indian airlines are urging state-run oil refiners to postpone jet fuel price increases for domestic flights. This move aims to ease financi...

Consumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on...

India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses....

India's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain global mar...

During recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in...

"Diesel deregulation will also bring the private OMC retail network into system. This will increase competition, benefiting the end consume...

The reported underpricing in retailing diesel, by far the most-used petroleum product, is now Rs 10.22 per litre and counting.

State road transport corporations will have to raise fares by over 18 per cent to make up for the recent diesel price deregulation

According to analysts, the move is positive for HPCL, BPCL, ONGC and Oil India Ltd. OMCs are currently losing a little over Rs 9/ltr on die...

"Markets are in a way overreacting to this whole story about deregulation of diesel prices. I do not think this is going to happen so soon."

Reddy ruled out deregulation of diesel prices and said he had demanded that the govt compensate state-owned oil firms for the losses made.

The central bank further said the current levels of domestic prices of petroleum products do not reflect international prices.

There are very few things as contentious in India as the price of fuels, and finance minister Pranab Mukherjee knows that well.

Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices, saying it is not politically and practically feasible.

The government will take a decision on diesel prices on December 22 as oil firms are losing revenue of Rs 4.80 a litre because global crude...

IOC, HP and BP currently sell diesel at Rs 4.71/lt discount to its imported cost. If diesel rates are deregulated that is the amount by whi...