The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil i...

Union minister Nitin Gadkari on Thursday pitched for the use of alternative fuels for vehicles to cut down on crude oil import as well as to reduce pollution. "As much as 35 per cent of the poll...

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The...

External Affairs Minister S Jaishankar on Wednesday held "productive" conversations with his Thai counterpart Don Pramudwinai during which they discussed advancing bilateral contacts in poli...

The US and other nations in the world may not appreciate India buying Russian oil, but they have accepted it as New Delhi has not been defensive about its stand but made them realise the obligation th...

Rising global interest rates and high oil prices could push the current account deficit higher in 2022-23. “The US is raising interest rates, so is England, Australia, Canada ... even the Europ...

Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation's biggest life insurer with revenue ...

Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report sa...

The Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,992.53 crore for the June quarter as it sold fuel at a discount in the domestic market while its costs jumped. The net loss in Ap...

The European Union's foreign policy chief, Josep Borrell, on Friday hit back at criticism of the bloc's energy policy, telling DW that EU states have cut their imports of Russian gas by 50% si...