New Delhi: Under attack over a proposal to shut petrol pumps at night, Oil Minister M. Veerappa Moily on Monday said the government is not considering any such move to taper fuel demand.
"We have alr

New Delhi: Petrol price was on day hiked by a steep Rs 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil pri

Diesel prices may be hiked by Rs 3-5 per litre, kerosene by Rs 2 and LPG by Rs 50 per cylinder as Oil Minister M. Veerappa Moily urged Prime Minister Manmohan Singh to take steps to tackle a record Rs 180,000 crore of losses arising from dipping rupee and surging oil rates.

New Delhi: In a stunning comment, Oil Minister M. Veerappa Moily on Friday said petroleum ministers are 'threatened' by import lobbies not to take decisions that will cut India's USD 160 billion oil

The Oil Ministry will raise the cap on supply of subsidised cooking gas (LPG) to 9 cylinders per household in a year provided the Finance Ministry agrees to give an additional Rs 3,000 crore in 2012 1

Science and Technology Minister S. Jaipal Reddy on Monday vented his displeasure at being shifted out of the petroleum and natural gas ministry, allegedly under corporate pressure.

"I handled the oil

The Finance Ministry in a study will verify the claims of losses by state-owned oil companies
on selling diesel, LPG and kerosene below cost price and decide the quantum of subsidy for 2012-13 based o

Close on the heels of a 70 paise per litre hike in petrol prices, the Oil Ministry is pushing for an increase in diesel and domestic cooking gas LPG prices, even though it is unsure of political suppo

Energy giant Reliance Industries was on Friday asked to pay a $1.25 billion penalty for a fall in gas production from its main oil fields, a company executive said.

The government and investors have

Reliance Industries' largest gas fields in its flagging KG-D6 block have hit an all-time low production of about 28 million standard cubic meters per day as the firm shut six wells due to water and sa