Government has reduced the basic excise duty on petrol and diesel by Rs 2. The new rate will come into effect from October 4, 2017. The...

States have agreed to cap value-added tax (VAT) on natural gas at 5 per cent and lower it on other petroleum products such as petrol and...

U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing...