Saudi Arabia approached Indian buyers last month offering them additional supplies to compensate for lost Iranian oil after U.S. sanctions kicked in

The state-owned company's Q4 net profit increased 17 per cent at Rs 6,099.27 crore, compared to Rs 5,218.10 crore in Q4 last year

Bidding for 14 blocks on offer in the Open Acreage Licensing Policy (OALP) round-II and another 18 oil and gas blocks and 5 coal-bed methane (CBM) blocks on offer in OALP-III closed on Wednesday

Moody's says all petroleum products in India are now sold at prices linked to international or regional market rates, which has opened up the fuel retail market.

State-run oil marketing companies (OMC) - Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum revise petrol and diesel prices on a daily basis.

Since March 11, petrol prices have gone up by less than 1%, while global oil prices went up by close to $5 per barrel. But Indian consumers are in for a painful price surge as domestic prices realign with global prices post the Lok Sabha polls

Cyclone Fani: Nearly 11 lakh people were evacuated from about 10,000 villages and 52 urban areas and are now accommodated in over 4,000 shelters, including 880 specially designed cyclone centres.

Cyclone Fani Odisha Latest News: After Cyclone Fani made its landfall, PM Modi while addressing a rally in Rajasthan's Hindaun has said that the Centre stands with people of cyclone affected states. More than Rs 1,000 crore have been relesed in advance for the storm hit areas.

From May 1, a subsidised LPG cylinder will cost Rs 496.14 per unit in Delhi and Rs 493.86 per unit in Mumbai. The cost of a non-subsidised gas cylinder in the national capital will be Rs 712.50 and Rs 684.50 in Mumbai.

From being the birthplace of the highly successful, fuel-efficient 'Nutan' kerosene wick-stove in the late 70s, the R&D centre has come a long way in the past four decades