MS Srinivasan

Citing losses on account of under-recoveries on sale of petrol and diesel, the ministry of petroleum and natural gas, government of India, has asked the oil marketing companies (OMC) to hold their plans of launching new retail outlets for...

The Indian Cabinet is probably planning to retail petrol at market-determined prices and is contemplating a hike of retail prices by Rs 10-16 per litre. According to ministry officials, a proposal to sell petrol at higher prices, while keeping diesel...

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...

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...