The drought threatening India due to elusive monsoon rains will make it politically harder for the government to raise prices of subsidised fuel, delaying a reform urgently needed to rein in the count

Petrol prices, which were hiked by Rs 7.50 last month, is likely to come down by Rs 4 in the state. The relief is likely to be announced soon. The state government has already indicated that it would

The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.

Fuel retailers have threatened to hike petrol prices by about 15 per cent if the government does not temporarily regulate prices and compensate them for losses on sales, further evidence the liberalis

Goa will soon start monitoring petrol pumps located on its borders to deter 'petrol smugglers' from spiriting away hundreds of litres of cheap petrol, Chief Minister Manohar Parrikar on Monday said.

Long queues were witnessed near petrol pumps throughout Goa after Manohar Parrikar government slashed the petrol prices by Rs 11 since midnight.

The petrol pumps ran dry by afternoon owing to mamm

State-run retailers may cut petrol prices from Nov. 16, an industry source said, the first cut in nearly three years and the first in the 18 months since the government ended controls.

The cut could

Prime Minister Manmohan Singh will decide on the issue of petrol prices after discussing the matter on Tuesday with MPs of United Progressive Alliance (UPA) partner Trinamool Congress, said Finance Mi

UPA's major constituents -- Trinamool Congress and DMK -- on Friday forced the government to hold back any moves to cut back on supply of subsidised LPG even as they joined opposition parties in criti

April 25: State-owned Indian Oil Corp (IOC) on Monday hinted at an imminent hike in petrol prices, whose rates have not been revised since January this year. “We would increase rate at the earliest,”