On March 15, 2017 20:57 (IST)
India imported 18,000 tonnes of petrol and 39,000 tonnes of diesel in the first nine months of the current fiscal year, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Rajya Sabha.
On June 16, 2016 15:38 (IST)
Monsoon is expected to dump above-average rainfall on India after two years of drought, cutting its use of diesel for irrigation pumps and generators over the third quarter and potentially rejuvenating exports of the oil product.
On June 07, 2016 13:00 (IST)
India's state refiners may halt diesel imports after working out a temporary mechanism to resume buying the fuel from private processors if global diesel prices remain at current levels, two refinery sources said.
On April 12, 2016 14:09 (IST)
Indian state refiners may continue importing higher volumes of diesel for the next few months instead of buying locally as private domestic oil processors like Reliance Industries and Essar Oil have withdrawn discounts on taxes and shipping.
On February 12, 2016 16:07 (IST)
Hindustan Petroleum Corp Ltd is seeking diesel for import into the country for the first time in many years, traders said on Friday.
On November 25, 2015 18:23 (IST)
India's crude oil import bill is likely to dip by 35 per cent to $73 billion this fiscal as global energy prices slumped on weak demand.
On October 20, 2014 18:22 (IST)
The Narendra Modi government may discuss much-needed reforms in the coal sector in a Cabinet meeting today, sources told NDTV. A decision on reforms in the coal sector may come after the government announced linking diesel prices to market rates and hiked prices of domestic gas over the weekend. The government needs to address the deficit in coal s...
On September 02, 2014 15:24 (IST)
Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre, helped by the monthly increases and softening in international oil rates.
On July 22, 2014 20:08 (IST)
India has cut its reliance on Iran for meeting its oil needs to less than 6 per cent as it raised imports from countries like Columbia and Mexico.
On July 20, 2014 17:01 (IST)
The Comptroller and Auditor General of India (CAG) has castigated state-owned oil firms for overcharging customers by Rs 26,626 crore in five years by charging notional levies like customs duty on fuel they sold.
On September 30, 2013 21:24 (IST)
While petrol price cut has been made possible because of the appreciation of the rupee against the US dollar, diesel rates are being hiked as per the practice of increase in rates by small monthly doses to cover losses.
On September 24, 2013 16:24 (IST)
Prime Minister Manmohan Singh had asked Mr Moily to prepare a plan to cut oil import bill by at least $25 billion.
On September 12, 2013 13:17 (IST)
India, the world's fourth-biggest oil consumer, is considering a Rs 3-5 rupee hike in the price of diesel, which accounts for more than 40 per cent of fuel use, government officials said last week, as the country looks to cut import costs by nearly $20 billion to trim a record current account deficit.
On September 05, 2013 09:10 (IST)
India's top oil official is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50 percent higher than on May 1.
On May 23, 2013 12:08 (IST)
The company, however, said in the absence of a clear cut Indian government policy relating the auto industry such as fuel policy and import tariff, it is adopting a wait and watch strategy before deciding on setting up of a new diesel engine plant in the country or launching more hybrid cars.
On March 14, 2013 14:09 (IST)
The government is working towards making the country self-sufficient for its petroleum needs by 2030, Petroleum Minister M Veerappa Moily said on Thursday.
On March 06, 2013 18:09 (IST)
Oil Minister M Veerappa Moily today ruled out a roll back in the Rs 1.50 a litre hike in petrol and 45 paisa per litre increase in diesel rates saying only a small raise has been passed on to consumers.
On March 06, 2013 18:10 (IST)
The government had on January 17 permitted state-run oil marketing companies to set diesel prices in a move that could help the government reduce its budget-busting subsidy bill. A day later, the price of the fuel was hiked by 45 paise.