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,

Petrol pump dealers have deferred a nation-wide strike from Monday after Oil Minister S Jaipal Reddy has agreed to consider their demands that include levying charges for providing facilities such as

Consumers may have to bear another round of price hike in auto and cooking fuels as the government is mulling a review in the wake of soaring cost of crude and pressure from state-run oil marketing co

The airline industry group IATA cut its 2012 profit forecast for the airline sector to $3.0 billion ($2.3 billion) from $3.5 billion on Tuesday as tensions in the Gulf push fuel prices up.

If fuel pr

Finance Minister Pranab Mukherjee on Monday hinted at a hike in diesel and cooking gas (LPG) prices after the budget session of Parliament, saying political consensus for this will be built after the

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

Amid a national spike in gas prices, the White House has once again argued that there is little it can do to halt the trend with external factors like growth in China, India, and other emerging econom

Echoing President Barack Obama, the White House has said there is no short term solution to rising fuel prices in America with external factors like booming economies of India, China and Brazil drivin

Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy.

"As soon as such an issue is raised ser

The repeated increase in the price of petrol and aviation fuel, purportedly due to the rising cost of oil in the international market, has raised some pertinent questions regarding the government’s po