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Latest News:

petrol pumps

4,500 Maharashtra petrol pumps to remain shut Sundays, one-shift on weekdays

New Delhi: Around 4,500 petrol and CNG pumps in Maharashtra have decided to observe ‘holiday’ on Sundays, beginning May 14, and work on single day shifts, 9 a.m.-6 p.m., from Monday - ignoring criticism of the move by the Petroleum Ministry.

The ... Read More

Gautam Adani

‘Adani to decide on investment in Australia coal mine soon’

Melbourne: Indian energy giant Adani today said a final investment decision on its 21.7 billion dollar Carmichael coal mine project in Australia's Queensland state was expected within this month.

The controversy-hit Carmichael coal mine project, one ... Read More

Petrol, Diesel, GST, Arvind Subramaniam, CEA

Daily Fuel price revisions to boost oil marketing companies’ profit

Mumbai: Government decision to revise retail fuel prices daily is likely to result in improvement marketing margins for oil companies leading to better profitability, says a report.

In a report, India Ratings on Monday said the move, effective May 1 ... Read More

Indian Oil, stake sale, Eligible employees, Stock Market a

IOC gets green nod to revamp Bongaigaon refinery at Rs 4185 cr

Mumbai: State-owned Indian Oil Corp (IOC) has received green nod for upgradation of its Bongaigaon refinery for production of BS-VI grade fuels in Assam at a cost of Rs 4,185 crore.

The company wants to upgrade its Bongaigaon Refinery (BGR) as the go... Read More

Petrol Pump

Petrol to cost more in Maharashtra

Mumbai: The Maharashtra government on Friday increased the price of petrol with effect from Saturday by Rs 3 per litre by hiking value added tax (VAT) rates... Read More

diesel, excise duty, government, hike, new delhi, petrol

Petrol price hiked by Rs. 1.39 per litre, diesel by Rs. 1.04 per litre

New Delhi: The price of petrol was hiked by Rs. 1.39 per litre and diesel by Rs. 1.04 a litre last night in sync with firming international rates.

The hike comes the on back of a Rs. 4.85 per litre reduction in rates of petrol and Rs. 3... Read More

Indian Oil

IOC shares hit new all-time high; m-cap surpasses Rs 2 lakh cr

New Delhi: Fuelled by the recent decision on revision in petrol and diesel prices on a daily basis, the shares of Indian Oil Corporation (IOC) hit fresh all-time high of Rs 428.70 in intraday trade on Thursday... Read More

crude oil

Oil hits 5-week high on geopolitical tensions, strong demand

Singapore: Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya's largest oilfield.

Additional support also came from expectations of strong demand as t... Read More

Coal India, Production, April to November

Coal India actively looking to invest in coal assets in Australia

New Delhi: Coal India Ltd is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets... Read More


Petrol price up by Rs 3.78, diesel by Rs 1.70 as TN revises VAT

Chennai: Prices of petrol and diesel in Tamil Nadu went up by Rs. 3.78 and Rs. 1.70 respectively, following the state government revising the Value Added Tax (VAT) on these products.

The Tamil Nadu Petroleum Dealers' Association protested the move, s... Read More