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Take steps to explore new oil, gas fields: Jayalalithaa
Jun 16, 2013 at 16:40 | Source: PTI
Instead of resorting to frequent hikes in petroleum prices, the Centre should take steps to explore new oil and gas fields and control the falling rupee, Tamil Nadu chief minister Jayalalithaa said today.
Fuel hike caused by rupee depreciation: Moily
Jun 01, 2013 at 16:51 | Source: PTI
Veerappa Moily, Petroleum and Natural Gas Minister today said the fuel hike was to respond the rupee depreciation while defending the hike effected after the rupee hit a 11-month low making oil imports costlier.
Oil cos cut aviation fuel price from June 1 as crude slides
Jun 01, 2013 at 12:51 | Source: Moneycontrol.com
OIl companies have cut aviation fuel price by an average Rs 250/kl. However, there is no word from airlines on whether there will be any fare cuts following this development.
FM pegs fuel subsidy for current fiscal at Rs 20,000cr
May 23, 2013 at 16:00 | Source: PTI
The finance minister said cash payouts to oil firms this fiscal will be just Rs 20,000 crore on Thursday. He agreed to give an additional Rs 45,000 crore on top of the Rs 55,000 crore already paid to oil firms for selling diesel, cooking gas (LPG) and kerosene at government-controlled rates.
EPP would impact GRMs by $2.80/bbl: IOC
May 23, 2013 at 10:54 | Source: CNBC-TV18
In order to bring down the deficit by nearly Rs 15,000 crore, the finance ministry yesterday decided to change the pricing policy for petrol and diesel from "trade parity" to "export parity". The move is likely to reduce the selling price of fuels and impact the profitability of the already ailing PSU oil marketing companies.
IOC achieves breakthrough in use of non-edible oil
May 20, 2013 at 20:56 | Source: PTI
State-owned Indian Oil Corp (IOC) on Monday said it has developed technology that will help advance the use of non-edible oil extracted from plants like jatropha (bio-diesel) in auto fuels.

Videos »
EPP would impact GRMs by $2.80/bbl: IOC
Petronet LNG likely to commission Kochi terminal by May-Jun
45 paise/L diesel hike to cut BPCL, ONGC losses
See no issues with diesel price hikes every month: BPCL
Midcaps to gain interest, Sensex seen at 23000: Ambit Cap
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China major commodity imports rise in May as port congestion eases
BEIJING (Reuters) - China's imports of major commodities all rose in May, even as overall imports weakened, as favourable price movements and an easing of port congestion conspired to boost inward shi...
Jun 08, 2013 at 23:00 | Source: FirstPost
Why gas prices should not be decided by Reliance, Rangarajan or Moily
A battle royale is now underway over gas pricing. Ranged on one side, either covertly or overtly, are Reliance Industries, ONGC and other state-run oil and gas companies; on the other side are gas use...
May 23, 2013 at 13:09 | Source: FirstPost
MRPL to process Iraq, Latin American oil next year to make up Iran shortfall
NEW DELHI: Mangalore Refinery and Petrochemicals (MRPL) plans to begin processing oil from Iraq and Latin America from next year, helping the state-owned refiner to partly offset Iranian supplies cho...
May 15, 2013 at 04:47 | Source: Economic Times
Essar s Stanlow refinery to gain as rivals shut shop
MUMBAI: Essar's Stanlow refinery is seeing an opportunity to grab more share of the British and the larger European markets as dwindling demand in the region increases pressure on the older, less com...
Apr 29, 2013 at 10:12 | Source: Economic Times
North Korea's peasant army gets ready to farm, not wage war
SEOUL (Reuters) - As a North Korean army signaller near the tense sea border with the South, Lee So-yeon was given live ammunition and a steel helmet during a 1993 crisis, but soon found herself back ...
Apr 10, 2013 at 04:15 | Source: FirstPost
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