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Govt oil subsidy bill to be cut by over 60% in FY15

With international oil prices dropping to multi-year lows, government's oil subsidy bill is likely to be slashed by over 60 percent in the current fiscal.

'Govt to decide on diesel deregulation after state polls'

India will decide on whether to end government control of diesel pricing after elections in two states next month, an oil ministry source said.

Diesel under-recovery to end by mid-2015: Plan panel

Planning Commission on Thursday said that the under-recoveries on account of sale of diesel will end by mid-2015 following progressive increase in the price of the fuel.