New Delhi State-owned oil marketing companies IOC, HPCL and BPCL are evaluating a revision in the price of petrol to address a loss of R5 on every litre sold as the code of conduct restrictions related to assembly polls are over now.

Company executives said they cannot give the exact timing and the quantum of the price revision they will be able to effect.

The price of compressed natural gas (CNG) for automobiles in Delhi has been raised by 5% and oil marketing firms plans to raise petrol rates in a few days as the completion of assembly elections ha

The ministry of new and renewable energy is seeking extension of existing incentives for the wind energy sector in the upcoming Union Budget.

An expected drop in sales may prompt Mahindra & Mahindra to cut scheduled capacity expansion plans, if the government goes ahead with the imposition of additional tax on diesel vehicles, according to the country’s biggest maker of sports utility vehicles.

M&M president (automotive and farm equipment sectors) Pawan Goenka on Tuesday said that the city-based company would be “affected like anybody else” if the diesel tax comes in

A cost-benefit analysis shows it makes sense to opt for a diesel car than a petrol version if your usage is high, says Prashant Mahesh. It seems everyone wants to buy a diesel car these days.

South Africa plans to invest 2 billion rand ($258.5 million) to build an ethanol plant and help a nascent biofuels sector that could reduce the country's reliance on imported fuel, an industry play

The public sector oil companies in the country are aware of their social responsibilities and are taking all steps to adopt eco-friendly production technologies and keep pollution to the minimum, a

The Union government was contemplating action against Reliance Industries Limited (RIL) for not keeping its promise of producing 70 MMSCMD of gas (million metric standard cubic meters a day) from i

Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol.

"Deregulation of diesel in entirety is very difficult proposition but at appropriate time we may look at reducing subsidy on diesel. But that time hasn't come," he said here.

Petrol prices are expected to rise by about . 3 per litre early next month after the crucial assembly election in Uttar Pradesh, industry executives said on Monday.