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OIL to set up overseas arm for oil and gas acquisitions

Last Updated: Friday, April 12, 2013, 17:01

The Board of Oil India Ltd, the nation's second biggest state-owned explorer, has approved the setting up of an overseas arm to acquire oil and gas properties abroad.

Pvt oil cos may not sell fuel to PSUs if pricing model changes

Last Updated: Sunday, March 17, 2013, 14:24

The Finance Ministry wants petrol and diesel to be priced at a rate they can get in export market, rather than current practice of pricing the fuels after adding transportation and customs duty to the international price.