India to cut direct Russian crude imports from December

India is set to reduce its direct imports of Russian crude from late November, following new US sanctions on Rosneft and Lukoil, effective November 21. IMAGE: A well head and a drilling rig in an......

ATF price hiked by steep 7.5%, commercial LPG rate cut by Rs 58.5

The price of jet fuel (ATF) was sharply increased by 7.5 per cent on Tuesday, while the cost of LPG used in commercial establishments was reduced by Rs 58.50 per cylinder, reflecting shifts in......

Govt to give Rs 35,000 cr LPG subsidy to OMCs

The government is likely to provide a subsidy of Rs 35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd......

Petroleum ministry open to bidding by oil PSUs for

The petroleum ministry is likely to advocate allowing its public sector units like Oil and Natural Gas Corporation to bid for acquiring management control in oil refiner Hindustan Petroleum......