Until very recently, the prices of liquid fuels such as diesel, octane, petrol and kerosene were fixed administratively by the government. There were always misgivings among the general public that ...

The Economic Co-ordination Committee (ECC) of the cabinet has declined to approve the new oil pricing formula, asking the Ministry of Petroleum and Natural Resources (MP&NR) to take all stakeholders ...

India has set up a panel to review the pricing formula for locally produced gas to ensure a "fair price to the end consumer", according to a government order seen by Reuters, a move aimed at lowering ...

The new oil pricing formula based on Singapore model is likely to replace existing Caltex-Bahrain formula from July 1. Caltex-Bahrain oil pricing formula is in practice in Middle East (ME) and ...

India’s key iron ore producer NMDC is testing a new pricing formula for its output to shield its profits from the volatilities reflected in global benchmarks, a source with direct knowledge of the ...