1.12 pm | 11 Jun 2013 |  Source: Moneycontrol.com

Oil marketing companies have taken a hit due to teh falling rupee. Since HPCL,BPCL import 70% of their crude requirement, they wil now have to pay sig...

4.28 pm | 10 Jun 2013 |  Source: CNBC-TV18

HPCl, BPCL and IOC lost around Rs 22,000 crore last month due to the rupee depreciating against the dollar...

4.23 pm | 05 Jun 2013 |  Source: CNBC-TV18

The fair trade regulator will look into anti-competitive practise adopted by ethanol makers while bidding for supplying the commodity to oil retailler...

12.51 pm | 01 Jun 2013 |  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 fol...

9.11 pm | 31 May 2013 |  Source: Moneycontrol.com

The petrol and diesel prices in Mumbai, Delhi, Kolkata and Chennai will be revised with effect from Saturday after Indian Oil Corp (IOC) hiked petrol ...

8.07 pm | 31 May 2013 |  Source: Moneycontrol.com

Following sharp depreciation in rupee oil marketing companies hike both petrol and diesel price by 75 paise and 50 paise per litre respectively....

3.51 pm | 23 May 2013 |  Source: Firstpost.com

The finance ministry’s best and only option is to free market pricing of diesel and cap the subsidies on kerosene and cooking gas so that subsidies ...

4.14 pm | 22 May 2013 |  Source: Reuters

HPCL is aiming to restart the unit by the last week of June, which is expected to create a domestic oil product shortfall in the interim, traders said...

2.16 pm | 22 May 2013 |  Source: Moneycontrol.com

Oil ministry has in-principal agreed to adopt export parity pricing for petroleum products after a meeting with finance minister and PMO, OMC stocks a...

9.32 am | 22 May 2013 |  Source: Reuters

The crude unit was shut on May 16 following a fire that hit a pipeline attached to the unit....

2.10 pm | 17 May 2013 |  Source: Reuters

The fire, which was put out immediately, resulted in the shutting down of a 3 million tonnes a year crude distillation unit (CDU) at the refinery, one...

11.00 pm | 16 May 2013 |  Source: PTI

Cooking gas or LPG supplies to households having unverified multiple connections will stop from June 1, state-owned oil firms announced on Thursday....