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Latest News:

Fuel Demand

India Fuel consumption to hit 200 mn tonnes in 2016-17: Oil Ministry

Mumbai: India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

"Demand for petroleum products is increasing as the economy grows... Read More

PETROL, DIESEL , price cut

Petrol price up by 42 paisa/litre, diesel by Rs. 1.03

New Delhi: Petrol price was tonight hiked by 42 paisa a litre, the fourth increase in 6 weeks, and diesel rate was raised by Rs. 1.03 a litre, the second hike in a fortnight.

The increase in rates, which are effective from midnight tonight, are exclu... Read More

coal import

Coal imports down 25% at 14 MT in December

New Delhi: Coal imports fell by 25 per cent to 14.31 million tonnes in December, due to higher availability of domestic fuel. The country had imported 19.15 million tonnes of coal in December 2015.

"Coal import (all type of coals) in December 2016 st... Read More

gold import

Notes Ban: Gold imports dip 48.49% to $1.96 bn in December

New Delhi: Gold imports dipped by 48.49 per cent to $1.96 billion in December on account of cash crunch in the system.

Gold imports were worth $3.80 billion in December last year, the official data released on Friday showed.

Imports of the precious m... Read More

Retail Inflation

Retail inflation cools to 3.41 percent in December

Mumbai: India's annual consumer price inflation eased to 3.41 percent in December, its lowest level in more than two years, helped by a sharp cooling in food prices, government data showed on Thursday.

Economists surveyed by Reuters had expected ann... Read More

suzlon, Fund raising, Shareholders approval

Suzlon Energy secures order for 226.8 MW wind power project

Mumbai: Suzlon Energy announced its order win of 226.8 MW wind power project from a leading Independent Power Producer (IPP). The order consists of 108 units of S111 90m tubular tower with rated capacity of 2.1 MW... Read More

Petrol, Diesel, GST, Arvind Subramaniam, CEA

Petrol pumps not to accept cards from midnight of January 9

New Delhi: The All-India Petroleum Dealers’ Association (AIPDA) has decided to stop accepting payment through credit and debit cards at retail outlets with effect from midnight of January 9.

Addressing presspersons on the sidelines of the conferen... Read More

lpg

Rs. 5 discount for online payment of LPG cylinder

New Delhi: Now, buying and paying for cooking gas (LPG) online will get consumers a discount of Rs 5 per cylinder.

State-owned fuel retailers, Indian Oil Corporation (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will... Read More

Diesel Price, Petrol, Cut

Petrol price hiked by Rs 1.29 a litre, diesel rates up by 97 paise

New Delhi: Petrol price was today hiked by Rs 1.29 a litre -- the third increase in a month, and diesel rate was raised by 97 paise a litre -- the second hike in a fortnight.

The increase in rates announced by oil firms is excluding state levies and ... Read More

Arun Jaitley, , LPG ,Subsidy

Jet Fuel price hiked by 8.6%; subsidised LPG by Rs. 2 per cylinder

New Delhi: Aviation turbine fuel (ATF) price was on Sunday hiked by a steep 8.6 per cent and subsidised LPG rate raised by Rs. 2 per cylinder, the 8th increase in cooking gas price in seven months.

ATF or jet fuel price was hiked by Rs... Read More

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