Union petroleum minister S. Jaipal Reddy on Monday said that a massive underground strategic oil storage facility is being built in the port city of Visakhapatnam to help India tide over international

The price of New York's main oil contract rose to over $110 a barrel on Thursday, for the first time since the commodities spike of 2008.

Prices for West Texas Intermediate crude for May delivery sto

New Delhi, Feb. 15: The Union minister for petroleum and natural gas, Mr Jaipal Reddy, on Tuesday revealed that the government does not intend to raise the prices of petrol and diesel despite the inte