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Latest News:

essar oil

Lenders approve Rs. 86,000 cr Essar Oil sale to Rosneft

Mumbai: The Essar group has crossed the last hurdle to complete the sale of its Gujarat refinery to Russia's Rosneft, with the lenders, including LIC, giving the go-ahead to the deal, sources said.

With this Rs... Read More

Petrol, Diesel, GST, Arvind Subramaniam, CEA

Fuel demand grows 5.4% in May; petrol, diesel sales surge

New Delhi: India's oil demand bounced back in May, surging 5.4 per cent on the back of highest growth in petrol consumption in nine months and the fastest rise in diesel usage since November.

Fuel consumption in May stood at 17... Read More

petrol

Petrol price to change everyday all over India from June 16

New Delhi: India’s state-run oil marketing companies will revise petrol price on a daily basis all across the country beginning June 16, ET Now reported on Wednesday citing unidentified sources from the Ministry of Petroleum and Natural Gas... Read More

kerosene

Aadhaar must for kerosene subsidy, Atal Pension Yojana

New Delhi: Aadhaar has now been made mandatory to get subsidy on kerosene and benefits of the Atal Pension Yojana.

Those getting kerosene subsidy or subscribing to the pension scheme will be required to furnish proof of possession of the unique ID o... Read More

Petrol, Diesel, GST, Arvind Subramaniam, CEA

Petrol price hiked by Rs 1.23/litre, diesel by 89 paise

New Delhi: Petrol price was today hiked by Rs 1.23 per litre and diesel by 89 paise a litre in sync with rising international fuel rates.

The increase in price, effective midnight tonight, comes on the back of a Rs 2... Read More

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

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