A day after raising petrol price by a massive Rs7.54 a litre, state-owned oil companies on Thursday indicated that rates may be cut at the next revision cycle due early next month on account of softe

The government has 'in-principle' agreed to deregulate diesel prices, but there is no such proposal for cooking gas, Minister of State for Finance Namo Narain Meena said on Tuesday.

"Government has,

India will raise retail prices of subsidised fuels, including diesel, once parliament approves the finance bill for the current fiscal year early next month, a senior government source with knowledge

Oil Minister S. Jaipal Reddy on Friday said the government is not contemplating decontrol of diesel prices and admitted to 'some kind of' discontinuation of petrol deregulation of late.

"As of no

Lack of clarity on diesel pricing policy has resulted in automobile companies, including Maruti Suzuki and Hyundai, holding up investments of more than Rs 3,000 crore in India, according to industry b

World oil prices rose in volatile trading on Monday, as worries over Iranian supplies helped to offset a cut to China's growth outlook and weak eurozone data, traders said.

New York's main contract,

Petrol and possibly diesel prices are likely to be hiked by Rs 2-4 per litre once Assembly Elections in five states, including Uttar Pradesh, are completed this week.

State-owned oil companies are lo

The price of diesel could increase substantially if the government is to accept the Prime Minister Economic Advisory Council’s advice.

“There is an overdue need to make some adjustments in the price

The government, already under fire for raising petrol prices, may delay a planned diesel price hike for fear the move could cause further damage ahead of key state elections beginning early next year,

Prime Minister's Economic Advisory Council (PMEAC) chairman C. Rangarajan on Saturday pitched for freeing diesel prices but suggested that it should be done when inflation starts declining.

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