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 ...
05 Apr, 2026, 02.07 PM IST
Airlines, oil companies in talks to ‘crack’ code on jet fuel price surgeAirlines and oil marketing companies are in talks to revise the aviation turbine fuel pricing model, proposing a cap on the crack spread to...
31 Mar, 2026, 08.20 AM IST
Supreme Court exempts OMCs from excise duty on inter-supply of petroleum products under MOUSupreme Court exempts Bharat Petroleum, Hindustan Petroleum, and Indian Oil from excise duty on inter-supply transactions under a MOU for s...
21 Jan, 2025, 07.11 PM IST
Hindustan Petroleum to set up a global oil trading deskHindustan Petroleum Corp. Ltd (HPCL) plans to establish an international oil trading desk as part of its Visakh Refinery Modernisation Proj...
19 Apr, 2024, 05.44 PM IST
State oil companies take the CP route to raise Rs 12,500 croreCompanies sought to raise the short-term funds to meet working capital needs.
04 May, 2020, 08.03 AM IST
Petrol pumps unable to exploit oil companies with daily ratesStudy shows pumps benefited Rs 57 cr in year with fortnightly change in rates as they cut inventory before prices fell and filled up cheap ...
12 Jul, 2017, 12.59 AM IST
- Petrol pumps to adopt 'no purchase' move as government readies to revise oil prices daily
Currently, IOC, BPCL and HPCL review retail fuel prices every fortnight to align these with international rates and account for currency fl...
11 Jun, 2017, 02.54 PM IST
RBI allows foreign investors to hike stake in HPCLA special resolution was passed by company shareholders to enhance the limit for purchase of equity shares by FIIs/RFPIs, RBI said.
05 Aug, 2016, 10.51 PM IST
Private LPG bottlers may shine as govt plans to add 10 crore consumersThe state oil firms currently have 188 LPG bottling plants with a bottling capacity of around 15.2 million metric tonne per annum.
27 Jul, 2016, 11.35 AM IST
Government seeks Rs 15,546 crore fuel subsidy from upstream companies like ONGC and Oil IndiaThe Oil Ministry has fixed the subsidy payout by upstream firms like ONGC and Oil India Ltd at Rs 15,546.65 crore for the April-June quarte...
31 Jul, 2014, 01.27 PM IST
CCI to pass order on issue of its jurisdiction on oil pricingThe CCI had referred the petrol pricing issue to its Director General (DG) for investigation after gathering information from the Petroleum...
18 Nov, 2013, 01.10 PM IST
Oil firms challenge CCI jurisdiction in petrol pricing probeCCI had referred the petrol pricing issue to its Director General (DG) for investigation after gathering information from the Petroleum Min...
22 Sep, 2013, 02.21 PM IST
- State-run oil cos demand Rs 30,000-cr compensation to level up revenue loss
IOC, HPCL and BPCL together lost 78K cr in 2010-11 by selling diesel, cooking gas and kerosene at subsidised rates, according to industry e...
11 May, 2011, 03.08 AM IST
- IOC, BPCL, HPCL shell out Rs 2,200 cr for 10% in Oil India
IOC, Bharat Petroleum and Hindustan Petroleum bought a total of 10% stake in Oil India for about Rs 2,200-crore.Gainers: BSE ( A, B ), NSE ...
15 Sep, 2009, 04.56 PM IST
- Govt to consider deregulating petrol, diesel prices: Deora
Govt will consider deregulating petrol and diesel prices as also increasing rates of natural gas sold by state firms, said Murli Deora, who...
22 May, 2009, 07.19 PM IST
- Petroleum Ministry favours market-based pricing for fuel
Petrol prices may be raised by about Rs 2 per litre and diesel rates cut by Rs 0.30 a litre if a proposal to free auto fuel prices from sta...
20 May, 2009, 04.56 PM IST
- No new LPG connections: PSU oil firms
Faced with a whopping Rs 200,000 crore revenue loss on fuel sales this fiscal, state-run oil firms have decided not to issue new domestic L...
16 May, 2008, 06.23 PM IST