Despite weak Q3 earnings, Bharat Petroleum (BPCL) draws attention from global brokerages. CLSA upgraded BPCL to ‘Hold’ with a target of Rs ...

The government plans to grant a Rs 35,000 crore subsidy to IOC, BPCL, and HPCL to cover losses from selling domestic LPG at unchanged price...

The government has dropped the Rs 15,000 crore infusion plan for profitable Indian Oil, Bharat Petroleum, and Hindustan Petroleum, reportin...

The government had announced its capital support plans for these state-run refiners last February in the FY24 Union budget. At the time, th...

The finance ministry has agreed to pay 100,000-crore cash compensation to state oil-marketing companies for the full financial year 2012-13.

The cash would be paid only after Parliament approves supplementary budget expenditure. This means the ground reality for these cos doesn't...

State-run oil marketing firms are losing thousands of crores because of delays in disbursement of subsidy after it is approved.

State-owned Indian Oil Corp is losing Rs 238 crore per day on selling diesel, domestic LPG and kerosene at government controlled rates.

Losses on the sale of diesel at government-controlled rates have hit a record Rs 12.56 a litre even as state-owned firms look at ways to mi...

State-owned fuel retailers have seen losses on diesel sale touch a record Rs 10.74 per litre as government continues to bar them from raisi...

IOC, HPCL and BPCL sell diesel, domestic LPG and kerosene below cost, as the prices are controlled by the govt.

The three firms are losing Rs 275 cr in revenue every day on selling diesel, LPG and kerosene at the subsidised rates dictated by the govt.

The government plans to limit its share of fuel subsidy payout to last year’s levels, a move that could result in a significant drop in pro...

The finance ministry may offer more compensation to state-owned oil marketing companies (OMCs) for selling fuel below cost this year, provi...

Prime minister Manmohan Singh is expected to discuss this contentitious issue at a meeting next week with both finance and oil minister .

The petroleum ministry has made a strong case for doing away with the central sales tax (CST) imposed on inter-company and inter-state tran...

The disinvestment of government equity in HPCL and BPCL may have to clear some more hurdles. This time around, the objection has come from ...