Oil Psus

TCG is in talks with ONGC and its unit HPCL for the planned project estimated at more than $10 billion in Cuddalore, Tamil Nadu, the people said, asking not to be identified as the discussions are private.

Oil PSUs plan to add 4,450 petrol pumps in Gujarat: Official

"Three PSU oil companies have together issued a joint advertisement for dealership after a gap of around four years. Expansion of the petrol pump network is required to meet growing fuel needs and for the convenience of customers," Indian Oil Executive Director (Gujarat), S S Lamba said Sunday.

Merger of oil cos a tough task, but has its merits: HPCL

Merging all the oil companies into one entity looks difficult even though it has financial benefits, says HPCL‘s Chairman and Managing Director, MK Surana, commenting on the Finance Minister Arun Jaitley‘s Budget proposal to merge state oil firms to create an oil behemoth

Stay away from auto, realty and oil stocks: Mehraboon Irani

Mehraboon Irani is bearish on oil PSUs due to inefficieny of government to take any bold steps since last one one-and-half months and therefore, he is negative on Oil and Natural Gas Corporation (ONGC) after the company‘s net profit slumped 34 percent.

HPCL, BPCL, IOC lose Rs 22000 cr in 1 month on weak rupee

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

Non-subsidised LPG price cut by Rs 3 per cylinder

The price of non-subsidised cooking gas (LPG) was today reduced by Rs 3 per cylinder in line with fall in international rates.

Oil PSUs stop ATF supply to AI, resume after hectic parleys

State-owned oil firms today stopped jet fuel supplies to cash-strapped Air India for non- payment of dues but resumed it immediately thereafter, as officials of the Civil Aviation and Petroleum ministries put their heads together to resolve the issue.

Air India earns Rs 36 cr a day, spends Rs 57 crore

Explaining the precarious financial health of India's flag carrier, the government today said Air India earns Rs 36 crore a day from its operations while it spends about Rs 57 crore.