Brent crude prices fell below $98 a barrel to a 16-month low on Monday, pressured by fears of a global economic slowdown following weak U.S. and Chinese economic data.

Brent crude for July delivery d

Finance Minister Pranab Mukherjee on Monday made out a strong case for a 25 per cent reduction of taxes levied by states on petrol to bring down its price.

Speaking at the day-long meeting of the Con

Widespread opposition notwithstanding, Prime Minister's Economic Advisory Council chairman C. Rangarajan has strongly favoured an immediate increase in prices of diesel and cooking gas to contain

Terming the partial rollback of petrol prices an eyewash, chief minister Jayalalithaa demanded a total rollback.

“Reducing Rs 2 from the hike of Rs 7.50 will no way benefit the poor and the marginal

Even as the government distanced itself from the hike and reduction of petrol price while maintaining that the product being a deregulated commodity and oil marketing companies (OMCs) decide on the is

Petrol price will be cut by Rs 2 per litre with effect from midnight tonight.

State-owned oil firms will reduce petrol price by Rs 1.68 per litre, excluding taxes. After including 20 per cent VAT, th

Expressing her unhappiness over the Rs two per litre cut in petrol price, West Bengal Chief Minister Mamata Banerjee on Saturday demanded complete rollback.

"I am not happy at the cut in petrol price

Opposition parties held a nationwide strike on Thursday, vowing to shut down the country in protest against steep petrol price rises announced last week.

Political parties and trade unions planned an

Road transport services in Andhra Pradesh came to a halt as the opposition-sponsored daylong shutdown to protest the steep hike in petrol prices evoked wide response across the state.

The shutdown wa

State-fuel retailers could cut retail prices of petrol by about two rupees a litre from next month if global oil prices and the rupee stabilise at current levels, said S.Roy Choudhury, chairman of Hin