Indian Oil Refiners

The windfall tax on diesel, petrol and ATF will continue to be nil.

Russia says it has billions of Indian rupees that it can't use

“This is a problem,” Lavrov told reporters in India’s western state of Goa on the sidelines of the Shanghai Cooperation Organization meeting. “We need to use this money. But for this, these rupees must be transferred in another currency, and this is being discussed now.”

Business Insight | BPCL privatisation: Govt receives multiple bids for stake sale but RIL, Aramco skip race

The government on November 16 received 'multiple' bids for its stake in Bharat Petroleum (BPCL), India's second-largest fuel retailer. However, billionaire Mukesh Ambani's Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid. So which are the companies that have shown interest and what is next for BPCL? (Disclosure: Network18, the parent company of Moneycontrol, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Indian oil payment backlog with Iran to be cleared soon

Indian oil refiners will clear around 6 billion euros of outstanding debt to Iran through Turkey's Halkbank within a short period, a senior Iranian economy official said on June 1