In the backdrop of the CAG severely criticising its decisions on RIL's KG-D6 gas block, the Oil Ministry on Wednesday said none of its actions were taken with malafide intentions, but it may have erre

State-owned Oil and Natural Gas Corp (ONGC) has said its net profit will drop by over 47 per cent to below Rs 10,000 crore this fiscal if the government forces it to shell out a higher fuel subsidy.

Iranian lawmakers on Wednesday denounced President Mahmoud Ahmadinejad being a caretaker of the oil ministry and sent the report of this "violation" of the constitution to the judiciary, state television website reported.

New Delhi, Sept. 6: The oil ministry has approved the plans to sell of a part of the government’s stake in Oil and Natural Gas Corp (ONGC) and Indian Oil Crop (IOC). A partial disinvestment of these c

New Delhi, July 20: Upping its ante against the oil ministry, Reliance Industries has refused to give natural gas to new customers by cutting supplies to power and fertiliser plants saying the ministr

New Delhi, July 19: Petroleum Minister Murli Deora today ruled out any rollback in the increased prices of petroleum products, saying the hike has been reasonable and minimum.

"The hike is reasonable

New Delhi, July 19: Petroleum Minister Murli Deora today ruled out any rollback in the increased prices of petroleum products, saying the hike has been reasonable and minimum.

"The hike is reasonable

New Delhi, July 19: Oil and Natural Gas Corporation has told oil regulator DGH that its KG basin block may hold about 3 trillion cubic feet of gas reserves from which it plans to produce 25-30 million

New Delhi, July 16: Diesel is likely to get cheaper by Rs.2.37 per litre in the capital as the Delhi government Friday announced a decrease in the value added tax (VAT) on the fuel from July 20.

Delh