12.46 pm | 06 Feb 2012 |  Source: Reuters

The government has asked upstream oil companies to compensate state-run oil refiners for 37.91% of revenue losses on fuel sales during April to Decemb...

5.02 pm | 02 Feb 2012 |  Source: PTI

State-owned oil companies today snapped supplies of jet fuel (ATF) to Air India after the national carrier failed to honour payments even after 90-day...

7.00 pm | 01 Feb 2012 |  Source: Reuters

The Allahabad High Court has ruled that India's biggest refiner, Indian Oil Corp., must pay entry tax on the crude it supplies to a plant in Uttar Pra...

7.00 pm | 31 Jan 2012 |  Source: Reuters

Indian Oil Corp (IOC) , the country's biggest oil refiner, said it will cut jet fuel prices by up to 3.1% from Wednesday, providing some breather to b...

1.18 pm | 20 Jan 2012 |  Source: Moneycontrol.com

Oil marketing companies (OMCs) are in no mood to cheer a rise of Rs 3 against the dollar in last 20 days, which generally should have made them happy....

8.32 pm | 13 Jan 2012 |  Source: PTI

The finance ministry today failed to obtain an assurance of larger dividend receipt from companies in the energy sector with large power sector PSUs s...

1.32 pm | 09 Jan 2012 |  Source: Reuters

India's state-run oil companies reported a revenue loss of 340 billion rupees in the third quarter ending December 31 for selling subsidised fuel, an ...

8.31 am | 02 Jan 2012 |  Source: IBNLive.com

Oil companies will meet on Monday to revise rates of petrol because of the weakening rupee. But any hike will need a political clearance given that As...