Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told The Associated Press. The reason for his death was not immediately known
The government on July 1 imposed a Rs 6 per litre tax on the export of petrol and ATF and a Rs 13 per litre tax on the export of diesel
The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US
The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as...
The move will safeguard the stable supply of fuels, alleviate the burden on downstream enterprises and consumers, and lower the operating costs of the real...
While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such...
India -- the world's third-biggest oil importer - has taken advantage of deeply discounted prices to ramp up oil imports from Russia at a time when global...
International oil prices spiked this year, hitting a near 14-year high of USD 140 a barrel in March, after Russia's invasion of Ukraine exacerbated supply...
India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year
April saw consumption drop due to a Rs 10 per litre hike in petrol and diesel prices after an over four-month hiatus.
India spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with $8.4 billion spending in the same month last year.
Inflation last month was 13.11 per cent, while wholesale inflation in March last year stood at 7.39 per cent.
The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 277.5 per kilolitre, or 0.2 per cent, to Rs 1,13,202.33 per...
India has already started buying oil from Russia, Sitharaman said, adding that the transition to gas was challenging as supplies had reduced
Following surge in oil prices because of Russian invasion of Ukraine, US has been in touch with several countries, including India, on the release of strategic...
Petrol in Delhi will now cost Rs 101.01 per litre as against Rs 100.21 previously while diesel rates have gone up from Rs 91.47 per litre to Rs 92.27.
Petrol and diesel prices have been hiked by Rs 4.80 per litre since March 22 -- a record increase in any eight days since the daily price revision was...
Petrol in Delhi will now cost Rs 100.21 per litre as against Rs 99.41 previously while diesel rates have gone up from Rs 90.77 per litre to Rs 91.47.
According to market analysts, the scheduled monthly expiry of March month derivatives contracts would keep volatility high this week.
The price increase will be brought into effect to adjust the material and logistics costs, impact of current geo-political situation and exchange rates
It's over a week that the assembly elections are over but there has not been any major fuel price hike announced in the country so far.
Iran used to be India's second largest oil supplier but New Delhi had to halt imports after the former US president Donald Trump withdrew from the nuclear deal...
India has to keep focussing on competitive energy sources and it welcomes offers from all oil producers as geopolitical developments have posed significant...
Refiners are raising runs to cash in on high margins to offset some of the losses incurred for selling fuels in the local markets
Russia has offered discounted crude oil in the wake of the Western sanctions on it following its military aggression against Ukraine.
