Sep 17, 2021 07:55 PM IST
Current prices of petrol and diesel in the international market are higher by around $4-6 per barrel as compared to average prices during August.
- Aug 16, 2021 05:18 PM IST
Sitharaman said that as of 31 March, 2021, there were Rs 1.31 lakh crore in outstanding principles and Rs 37,340 crore in interest yet to be repaid on the oil bonds dating back to the UPA-era.
- Aug 15, 2021 04:05 PM IST
On Sunday, petrol price in the national capital continued to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre.
- Jun 30, 2021 04:41 PM IST
Blending petrol with more of home-grown ethanol can reduce India’s oil import bill by $4 billion a year, and is great news for sugar mills as it is produced from a byproduct. It also helps farmers.
- May 24, 2021 04:30 PM IST
Delivery boys visit 65-75 lakh houses, accessing more than three crore people daily, which makes them vulnerable to infection; Federation asks for immediate vaccination
- Feb 04, 2021 09:41 AM IST
After the current hike, the price of cooking gas in Delhi was seen at Rs 719 per cylinder (14.2 kg), in Kolkata at Rs 745.50, Mumbai at Rs 719, and Rs 735 in Chennai.
- Dec 18, 2020 06:08 PM IST
After letting oil prices go unchanged for 59 days, oil marketing companies hiked petrol and diesel prices by over Rs 2 and by nearly Rs 3.50 respectively since November 19
- Jul 22, 2020 09:08 PM IST
The Ministry of Petroleum and Natural Gas started mulling over the idea of legalisation of home delivery of HSD in 2017, after which it introduced the Petroleum Explosives Safety Organisation (PESO) to draft guidelines in this regard
- Jan 24, 2020 11:13 AM IST
Indian Oil Corporation and Hindustan Petroleum Corporation are offering discounts on digital transactions at petrol pumps
- Nov 05, 2019 08:00 PM IST
Traditionally, oil marketing companies (OMCs) have been used by the government to push its inclusive agenda, the latest being the dole out of free cooking gas (LPG) cylinders to poor women's households.
- Nov 25, 2018 08:35 PM IST
The process to seek application for the new pumps in the state by Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum kicked off on Sunday.
- Sep 26, 2018 07:24 AM IST
It can be argued that despite enjoying windfall gains from the drop in global oil prices, the NDA government opted to shore up revenue by raising taxes, instead of passing the benefit to customers.
- Sep 11, 2018 05:36 PM IST
Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
- Jun 07, 2018 01:15 PM IST
Policy uncertainty in light of high crude prices, inflationary environment and populism in an election year make us cautious on this space
- Apr 11, 2017 09:19 AM IST
The Consortium of Indian Petroleum Dealers has threatened to close fuel pumps on Sundays if their demand for an increase in dealer’s commission is not fulfilled by the central government.
- Apr 07, 2017 10:46 AM IST
State-owned and India's biggest oil marketing company Indian Oil Corp Ltd and its two smaller peers Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily.
- Apr 06, 2017 09:04 AM IST
ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.
- Jan 30, 2017 06:07 PM IST
Although policy changes may be kept to a minimum in Finance Minister Arun Jaitley's Budget speech for the oil and gas sector, changes in the cess rates for oil production may prove to be a positive for the sector, suggest reports.
- Jan 20, 2017 08:31 AM IST
State-owned oil firms, that are bearing the discount cost of 0.75 percent for cashless payments announced by the government in the wake of demonetisation, may urge the government to compensate for their losses.
- Jan 13, 2017 07:50 AM IST
"The decision is very clear. Consumers will not be burdened with Merchant Discount Rate (MDR). Retail outlets (petrol pumps) will also be kept out of its purview. Now it is between banks and OMCs how they share it," he said.
- Jul 06, 2016 10:10 AM IST
Ministries of Chemical and Fertilizer and New and Renewable Energy will come out with the draft policies for manufacturing of coal-based urea and second generation ethanol in three weeks, Union Minister Nitin Gadkari said.
- Jun 17, 2016 01:37 PM IST
Credit Suisse expects recovery in refining margins from recent weakness, sustained strong India oil demand growth, organic EBITDA growth due to refinery expansions at BPCL/IOCL and solid marketing margin performance to keep OMC returns supported.
- Jun 16, 2016 03:32 PM IST
Noting that the Centre in "different installments" since 2014 had increased the excise duty on petrol and diesel by Rs 11.77 and Rs 13.57, respectively, she said the benefit of dip in crude prices was not properly passed on to customers.
- May 24, 2016 07:14 PM IST
Gross refining margins (GRMs) of public-sector oil marketing companies may recover on account of strong demand and higher marketing margins, says a report
- May 02, 2016 01:44 PM IST
The CNG filling facilities have been set up at the retail outlets of oil marketing companies (OMC) like Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) since January 2016, the company said in a statement.