State-owned oil firms are pushing for at least Rs 3 per litre hike in petrol price from April 1 to cover part of the spike in cost of raw material.

"We are losing Rs 6.43 per litre on petrol and aft

Soon after removing restrictions on import of goods from India, Pakistan has sought immediate supplies of petrol from the country to meet widening deficit.

"I discussed importing petrol from India

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

World oil prices rose in volatile trading on Monday, as worries over Iranian supplies helped to offset a cut to China's growth outlook and weak eurozone data, traders said.

New York's main contract,

With electioneering in five states coming to an end, state-owned oil companies are pushing for raising petrol price by over Rs 5 per litre but the actual increase would depend on the government nod.

Petrol and possibly diesel prices are likely to be hiked by Rs 2-4 per litre once Assembly Elections in five states, including Uttar Pradesh, are completed this week.

State-owned oil companies are lo

Petrol prices will not be raised this fortnight as state-owned oil firms apparently could not get political clearance for the over Rs 2 per litre hike in rates needed to achieve parity with the import

A hike of about Rs 2.10-2.13 per litre in petrol price is needed because of weakening Indian currency, but oil companies are unlikely to revise rates on Saturday as scheduled and instead may do so on

Iran's navy chief warned on Wednesday that his country can easily close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows.

The petrol prices may go up by around Rs 1 per litre from next month as the rupee’s depreciation has pushed up the costs for PSU oil marketing companies.

The oil companies will be reviewing petrol pr