Murli Deora

The continuous slump in global crude oil prices will not have an effect on the current retail prices of petroleum in India as the government is not considering any options to cut them down.Speaking to media, union petroleum minister...

The Union Government, today, has hiked the retail prices of petrol and diesel by Rs 5 and Rs 3 per litre respectively and that of LPG by Rs 50 a cylinder. However, the price of kerosene was not increased....

The Cabinet will not consider raising domestic fuel prices in the face of surging global crude prices, as the issue is not on the agenda for Friday's Cabinet meeting, informed Murli Deora, minister of petroleum and natural gas."We need...

Fuel price hike may not be good news for all; however, it brought some relief to oil retailing companies like Indian Oil Corporation (IOC), Reliance Petroleum and Hindustan Petroleum, who’ve been incurring huge losses due to subsidies in domestic...

Disappointing the expectations of fuel retailers, Indian ministers have failed to attain a decision on revising oil prices."Nothing is decided," is all that Oil Secretary MS Srinivasan had to tell the media.However, the union minister for petroleum and natural...