Repeated raising of taxes has compounded the blow of rising crude prices. But there's another key factor.

Raw sugar prices in New York have fallen since February because of bumper production in Brazil and less-than-expected imports by India, a t...

CAG questioned various components of the retail price and said inefficiency in marketing resulted in higher than necessary expenditure on s...

Despite a decade of reforms, India’s fuel price policy, and way in which oil companies are compensated, still remains in a highly complex e...

The government is looking to alter the way diesel and cooking fuels are priced to reduce its subsidy burden, which appears to be spiralling...

Millers are blaming Shree Renuka Sugars for flooding the market with cheap sugar made by refining imported raw sugar.

Oil Minister M Veerappa Moily thwarted the move by seeking PM intervention and promising to get the pricing issue looked at by an expert co...

Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing fo...

Indian Oil Corp’s most modern refinery, the 15-million tonnes Paradip plant will be unviable if the govt changes the pricing mechanism.

Private oil refiners such as Essar Oil may not sell any fuel to state-owned oil firms if the government changes the way petrol and diesel a...

Ministry wants auto fuel to be priced at export parity by abolishing 2.5 per cent customs duty on petrol and diesel.

Oil companies feel the new pricing norm would make oil refining a difficult business, Moily said.

The guar splits and guar powder attract a duty of 7% and 15% respectively. China accounts for 25% to 30% of the total exports of guar gum s...

The main recommendations of the high-powered Chaturvedi committee on financial health of oil companies may not see the light of day.

The finance ministry has expressed its reservation against a proposal to fix prices of petroleum products on the export parity saying that ...

The recent round of petro price hike offers some solace to oil marketing companies but not petroleum refiners.

The introduction of the trade parity pricing regime in the petro sector will evoke a mixed bag reaction from the oil bigwigs.