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India keeps local jet fuel prices unchanged after airline pleaIndian oil refiners have maintained jet fuel prices for domestic flights. This decision follows a request from airlines facing challenges f...
Airlines plead with state-run oil majors to postpone jet fuel hikesIndian airlines are urging state-run oil refiners to postpone jet fuel price increases for domestic flights. This move aims to ease financi...
India set to scale back Russian oil imports if US waiver lapsesIran war oil impact: Amidst the ongoing geopolitical turmoil, Indian oil refiners face a critical moment as the expiration of a US waiver l...
India OMCs to pay discounted rates to refiners amid fuel price freezeIndian state-owned oil companies have decided to reduce the prices they pay refineries for petrol, diesel, and other fuels. This proactive ...
Indian Oil buys first Iranian LPG since 2018 as crunch worsensIndian Oil Corporation has bought LPG from Iran for the first time in nearly eight years as India faces a supply crunch due to the Middle E...
India looks for first US LPG cargoes as trade war diverts flowsIndia plans to secure its first long-term liquefied petroleum gas supplies from the United States. State-owned oil companies aim to buy thr...
Reliance & other Indian private refiners dominate buying of main Russia oil gradeIndia has purchased 80% of Russia’s seaborne Urals crude exports so far in 2025, with Reliance Industries and Nayara Energy accounting for ...
Indian refiners purchase more US crude before trade talks in MayAhead of trade talks, Indian refiners are increasing US oil purchases, with June imports set to hit an 11-month high due to discounted WTI ...
BPCL inks crude purchase pact with Brazil's PetrobrasBharat Petroleum Corporation Ltd (BPCL) has entered an annual crude purchase agreement with Brazil's Petrobras, which includes a possible e...
Centre drops plan to infuse Rs 15,000-crore equity in OMCsThe government has dropped the Rs 15,000 crore infusion plan for profitable Indian Oil, Bharat Petroleum, and Hindustan Petroleum, reportin...
Russian oil: India’s state oil refiners in talks with Rosneft to secure Russian crude for long termIndian state oil refiners, Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp, are in talks with Rosneft Oil Co PJSC for ...
India may halve Budget support to state-run oil firms for energy transitionModi government had set aside Rs 35,000 crore in the 2023-24 budget for “priority capital investments towards energy transition and net zer...
IOC, BPCL, HPCL in talks to raise ₹5,500 crore by securitising licence feeThe government has been pushing state-run oil companies for years to monetise their assets to raise resources that can be deployed in new p...
Record sales of transport fuels in India point to strong demandThe strong sales came after the Indian economy beat expectations to expand by 6.1% in the quarter through March, although growth is expecte...
Oil companies hike cooking gas price by Rs 50 per cylinder for the second time in a fortnightThis is the biggest ever monthly rise for cooking gas in the country, especially at a time most consumers aren’t receiving fuel subsidies. ...
- PSU oil companies spend $5 bn on clean fuel
Indian Oil Corp(IOC), the nation’s second-biggest refiner, and its state-run rivals are spending Rs 235 bn ($5 bn) to produce cleaner fuels...
- Oilcos get Shell shock on plant lift contract
The petroleum ministry has asked IOC and BPCL to reverse their decision of awarding refinery upgradation contracts to Shell Global Solution...