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'No plans to support OMCs for losses on fuel sales'

New Delhi, May 4 -- New Delhi: The government so far does not have any plans to provide fiscal support to the oil marketing companies (OMC) for their revenue losses or under-recovery on the sale of pe... Read More


Oil prices subdued after Trump says US plans to help stranded ships cross Strait of Hormuz

New Delhi, May 4 -- Global oil prices traded on a subdued note on Monday morning after US president Donald Trump said that the US will guide stranded ships out of Strait of Hormuz. At 7:45 AM, the Ju... Read More


Govt says auto fuel shortage rumour led to panic buys, assures stocks adequate

New Delhi, May 3 -- The government on Sunday rejected rumours of an automobile fuel shortage and an anticipated retail price hike that had led to "panic buying" in parts of the country. The petroleum ... Read More


New grid penalty rules could dent renewable earnings, trigger tariff concerns

India, May 2 -- A regulatory effort to keep the national power grid stable and make green power more reliable may wreck the revenues of producers and potentially lead to tariff hikes, industry executi... Read More


India's green energy sector may be hit by power regulator's stricter performance standards

New Delhi, May 2 -- A regulatory effort to keep the national power grid stable and make green power more reliable may wreck the revenues of producers and potentially lead to tariff hikes, industry exe... Read More


Tough performance rules cast cloud on clean power

new delhi, May 2 -- Aregulatory effort to keep the national power grid stable and make green power more reliable may wreck the revenues of producers and potentially lead to tariff hikes, industry exec... Read More


Government lowers export duty on diesel, ATF

New Delhi, May 1 -- The ministry of finance has lowered the export duty on diesel to Rs.23 per litre and that on jet fuel to Rs.33 per litre with effect from Friday, 1 May. For the past two weeks, th... Read More


Crude nears $120 as Trump signals Hormuz blockade to continue

New Delhi, April 30 -- Global oil prices extended gains on Thursday, after a sharp 7% jump in the previous session, as the US's stance on Iran stoked fears of prolonged supply disruptions. Brent crud... Read More


Govt working on resuming Shipping Corp of India's maritime services to West Asia

New Delhi, April 29 -- India is working on a plan to revive the Shipping Corp. of India's (SCI) maritime services to West Asia, in a move aimed at supporting domestic exporters and bolstering the supp... Read More


Solar glut sinks power prices to near zero on exchanges, exposes structural gaps

New Delhi, April 29 -- Even as India's electricity demand hit record highs in April, power prices crashed to near-zero during peak solar hours during the month-a paradox driven by too much renewable e... Read More