Oil & gas
Qatar halves gas price, waives India’s Rs12,000-cr liability
02 Jan 2016
The new gas pricing formula, which is linked to the price of European benchmark Brent crude, would entail a saving of Rs4,700 crore annually for the fertiliser industry alone, the biggest consumer of liquid gas
Essar Oil completes Rs3,745-crore dilisting
31 Dec 2015
Saudi Arabia sees $138-bn budget deficit for 2015 as oil plummets
29 Dec 2015
Saudi Arabia, the world's top oil exporter, is running a record budget deficit for 2015 as low oil prices dented state revenues
No LPG subsidy for those with income over Rs10 lakh
28 Dec 2015
The government’s subsidy payout on LPG in 2014-15 was Rs40,551 crore, which this fiscal is less than half as oil prices have slumped to six year low and the latest decision will further reduce the government’s subsidy bill
