According to officials of state owned oil marketing company HPCL, the supply from Iran is expected to continue in April as well. Though there is still no clarity on how India will pay for Iranian oil ...
India’s Hindustan Petroleum (HPCL) may defer the planned 15-day shutdown of a 60,000 barrels per day crude unit at Mumbai refinery to Septmber to meet local fuel demand, its head of refineries K Murali said. “We ...
Diversion of subsidised fuels is one of the major threats to the health of the oil sector, a document prepared by the oil ministry on strategy for the next five years says. The document lists price ...
Ethanol producing sugar factories in the state so far have supplied more than 1.45 crore litre of the bio-fuel to various depots of public sector oil companies for mixing it with petrol. The factories are still ...
With crude oil prices moving upwards of $90 a barrel and the US dollar set to stage a strong rally, IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation could end up incurring fuel losses of over ...
State-run fuel retailers will get Rs 8,000 crore from the government as compensation for selling diesel, cooking gas and kerosene below market rates.
This will help Indian Oil, Hindustan Petroleum and Bharat Petroluem to report a net ...
Rising crude oil prices without corresponding revisions in retail prices of regulated fuels will hurt the profits of India’s public sector oil companies, severely says report by credit rating agency CRISIL’s report
CRISIL Research expects oil companies’ ...
Weeks after the Reserve Bank of India (RBI) clamped on the main channel used by Indian companies to pay for Iranian oil, the Gulf country has agreed to sell on credit this month.
Till early last week, ...
As hike in diesel prices being ruled out by the central government, petroleum minister Murli Deora sought an increase in government subsidy to bail out the three oil marketing companies (OMCs). Deora met finance minister Pranab Mukherjee in ...
With the government expressing its reluctance in raising prices of diesel and domestic LPG, the oil marketing companies (OMCs) may be forced to go for another round of increase in petrol price. The companies continue to ...