The government is likely to provide a subsidy of Rs35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat ...

Government to provide ₹35,000 crore subsidy to fuel retailers for under-recoveries on domestic LPG sales in current fiscal.

The government plans to grant a Rs 35,000 crore subsidy to IOC, BPCL, and HPCL to cover losses from selling domestic LPG at ...

The total under-recovery on LPG sales for the industry in the current fiscal is estimated at about Rs 40,500 crore.

The industry remains hopeful for any comments by the finance minister on the long-standing demand on the GST front, and is ...

Energy experts told Moneycontrol that the companies are unlikely to cut fuel prices as OMC profitability has dipped in the current fiscal so far compared to last year.

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas ...