as denominated by Indian basket of crude oil. The other factors on which domestic petrol and diesel prices depend on include central excise duty, VAT or value added tax levied by state governments ...

India has passed legislation intended to encourage oil and gas exploration to help meet its ... house of parliament on Wednesday approved a bill amending the country’s 1948 law on oil extraction.

The bill provisions will improve the "Ease of doing business", make India an attractive destination for the production of oil and gas and play an instrumental role in unlocking the hydrocarbon ...

The sharp slump in global oil ... Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL)-- the headroom to cut retail ...

India's fuel demand in March hit a 10-month high, rising 9.3% from the previous month to 20.91 million metric tons, oil ...

The stocks of Indian Oil Corporation, Hindustan Petroleum, Bharat Petroleum and Oil and Natural Gas Corporation Ltd were trading in green in the early hours of the day's session. In addition ...

The lower crude oil prices will reduce the cost of production for oil refining and marketing companies such as Indian Oil and Bharat Petroleum and increase their retail margins. This will enable the ...