State-owned oil marketing companies sprang a big surprise by cutting petrol and diesel prices for the first time in the past 12 months — ironically on a day when global benchmark crude prices so...

The Narendra Modi government seems to have raked in profits during the pandemic as it has collected Rs 2,94,482 crore in excise duty during April-January of the current fiscal, an increase of 68.7 per...

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Oil India has signed a MoU with Assam Hydrocarbon & Energy Company aimed at establishing a joint institutional framework to facilitate bilateral co-operation in hydrocarbon exploration and develop...

The cabinet on Wednesday approved the demerger of the under-construction Nagarnar steel plant (NSP) from NMDC  and its disinvestment by selling the entire stake of the Centre to a strategic buyer...

The government has extended the deadline to bid for its entire 52.98 per cent stake in BPCL to November 16 and this virtually rules out the chances of the budgeted divestment target of being met this ...

The Centre is exploring the possibility of reducing crude oil cess by half to 10 per cent in an effort to encourage investment and production in the sector Senior oil ministry officials said they wer...

Crude oil imports declined in August, though at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery, government data showed on Monday. Crude oil imports...

The Supreme Court on Tuesday dismissed a PIL seeking a direction to the Centre to immediately withdraw the steep increase in the prices of petrol and diesel at a time when international crude prices w...

World oil demand will fall more steeply in 2020 than previously forecast because of the coronavirus and there are doubts about next year’s recovery, Opec forecast on Wednesday, potentially makin...