Kalpana Pathak / Mumbai March 9, 2010, 0:51 IST

The increase in the Customs duty on crude oil in the Budget is likely to impact the realisations of domestic non-government refiners, Reliance Industries and Essar Oil.

Facing opposition from key allies in the United Progressive Alliance (UPA) government, Finance Minister Pranab Mukherjee and Petroleum Minister Murli Deora today discussed an

A day after the Kirit Parikh committee recommended freeing of auto fuel prices and increase in kerosene and LPG prices, the Union petroleum ministry called a meeting of the public sector upstream and downstream oil companies to discuss the road ahead.

Sanjay Jog / Mumbai February 05, 2010, 1:05 IST

Analysts have said the recommendation of the Kirit Parikh committee report on fuel prices need to be implemented as a package and not partially. Yet, they also feel the recommendations are too aggressive to be implemented in the current form, given inflation concerns, implementation issues and political considerations.

Proposal will bring down the burden of oil companies

NEW DELHI: India and Hungary on Tuesday inked an agreement for oil and gas exploration and decided to strengthen cooperation in the information technology (IT) sector. Both countries also agreed to work for increasing the level of trade to $1 billion by 2012.

Petrol Price May Go Up By Rs 4.7, Diesel By Rs 2.3 Within Weeks
Our Bureau NEW DELHI

THE government may take a decision on freeing petrol and diesel prices after the Kirit Parikh committee on rationalising fuel subsidies submits its report this week, oil minister Murli Deora said.

Rashme Sehgal
Jan. 21: Teri

State-run oil marketing companies (OMCs) will be able to taper their third quarter losses after the government has committed itself to a Rs 12,000-crore cash subsidy to compensate them for selling cooking fuels at government-regulated prices.

Ajay Modi & Jyoti Mukul / New Delhi January 16, 2010, 0:32 IST

Oil and Natural Gas Corporation (ONGC) is in favour of full market price parity for retail sales of petrol and partial burden sharing by consumers of diesel, LPG and kerosene. The company has also suggested a formula for sharing the burden of an increase in crude oil prices beyond $60 a barrel.