India's fuel demand in September rose at the fastest pace in more than a decade.
PM said he admires German leadership in clean energy and commitment to combating climate change.
India and Germany signed a deal on Monday to fast-track business approvals.
The fields have reserves of about 89 million tonnes
IOC, the key importer of petrol, has sought almost 700,000 tonnes for March-September delivery.
It also named bosses for Bank of India, IDBI Bank Ltd and Punjab National Bank from within the state sector
The rupee fell 1.87 percent against the dollar this week, its biggest fall since late April.
The government freed diesel pricing last October, providing a level playing field to private companies like Reliance and Essar Oil.
The government said on Wednesday a consensus was needed quickly to pass a business-friendly land reform law
The wholesale food index rose 2.88 per cent year-on-year.
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows
The United States wants India to wait for a final nuclear deal between Tehran and world powers before actively engaging with Tehran.
India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon
New Delhi has missed its target for partial privatisations for the past five years
Locally produced gas in India will now cost at least 8 per cent less.
IMF MD Christine Lagarde hailed the government's latest Budget.
India's imports from Iran rose to 250,200 barrels per day
India's Iran imports rise to 276,800 bpd vs 195,600 bpd in 2013.
Deals will cover oil exploration and supply, infrastructure and an increase in direct diamond sales to India
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