diesel

Assam gives Rs 500 crore to OIL to increase stake in NRL
Oil & Gas

Assam gives Rs 500 crore to OIL to increase stake in NRL

The Assam government handed over a cheque of Rs 500 crore to Oil India Limited (OIL) as a part of…
Petrol crosses Rs 100/litre in Thane after 14th price hike
Oil & Gas

Petrol crosses Rs 100/litre in Thane after 14th price hike

Petrol price on Thursday crossed the Rs 100-a-litre mark in Thane district of Maharashtra, while it was hovering a tad…
Fire broke out at HPCL refinery at Visakhapatnam
Oil & Gas

Fire broke out at HPCL refinery at Visakhapatnam

A fire broke out at Hindustan Petroleum Corporation Ltd's oil refinery on Tuesday afternoon but it was doused within hours…
Petrol hits record Rs 99.71/L in Mumbai after 13th price hike
Oil & Gas

Petrol hits record Rs 99.71/L in Mumbai after 13th price hike

Petrol price inched towards the Rs 100-mark in Mumbai on Tuesday after fuel rates were hiked again. Petrol price was…
Petrol, diesel prices increase again after day’s pause
Oil & Gas

Petrol, diesel prices increase again after day’s pause

Under the new found preference for revising fuel prices every alternate day, the Oil and marketing companies (OMCs) raised the…
Ninth hike in petrol, diesel prices since state election results
Oil & Gas

Ninth hike in petrol, diesel prices since state election results

Petrol price on Sunday was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the…
India’s fuel sales drop 9.4% in April on COVID wave
Oil & Gas

India’s fuel sales drop 9.4% in April on COVID wave

India's fuel demand slumped 9.4% in April when compared to the preceding month as lockdowns clamped in several states to…
Petrol, diesel prices at record highs, breaches Rs 100-mark
Oil & Gas

Petrol, diesel prices at record highs, breaches Rs 100-mark

Petrol and diesel prices on Monday hit record highs across the country after rates were increased for the fifth time…
Jet fuel price cut by 1% due to softening crude oil
Oil & Gas

Jet fuel price cut by 1% due to softening crude oil

Jet fuel price on Friday was cut by 1 per cent, the second reduction in rates this month following softening…
OMCs to explore fuel price revision post elections
Oil & Gas

OMCs to explore fuel price revision post elections

Fuel prices in the country remained unchanged on Tuesday with oil marketing companies continuing on the pause mode and keeping…
India’s fuel consumption contracts 9.1% in FY21
Oil & Gas

India’s fuel consumption contracts 9.1% in FY21

India's fuel demand contracted by a massive 9.1% in the financial year ended March 31, the first in more than…
Jet fuel price cut by 3% amid softer global crude rates
Oil & Gas

Jet fuel price cut by 3% amid softer global crude rates

In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line…
Petrol prices down 19-22 paise across four metros
Oil & Gas

Petrol prices down 19-22 paise across four metros

Oil marketing companies reduced fuel prices on Tuesday after a four-day halt. Prices of the transportation fuel declined in the…
China’s Sinopec raises 2021 capital expenditure by 23.8%
Oil & Gas

China’s Sinopec raises 2021 capital expenditure by 23.8%

Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and…
Remove distortions before bringing petrol under GST: Moily
Oil & Gas

Remove distortions before bringing petrol under GST: Moily

Former Union Oil Minister and senior Congress leader M Veerappa Moily said distortions in the GST Act will have to…
Not possible to bring petrol under GST for next 8-10 years
Oil & Gas

Not possible to bring petrol under GST for next 8-10 years

BJP leader Sushil Kumar Modi said it is not possible to bring petrol and diesel under the GST regime for…
Petrol, diesel prices cut by 18 paise & 17 paise respectively
Oil & Gas

Petrol, diesel prices cut by 18 paise & 17 paise respectively

In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per…
Upcoming polls keep oil companies from hiking prices
Oil & Gas

Upcoming polls keep oil companies from hiking prices

Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in…
BPCL aims to increasing CNG sale share to 15% in 4-5yrs
Oil & Gas

BPCL aims to increasing CNG sale share to 15% in 4-5yrs

Bharat Petroleum Corporation Ltd (BPCL) is aiming big to expand its footprint in clean fuel space and looking to set…
LPG price, petroleum taxes rise since BJP came to power
Oil & Gas

LPG price, petroleum taxes rise since BJP came to power

Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the…
Costly fuel drives demand for electric scooters
Renewable Energy

Costly fuel drives demand for electric scooters

In a reflection of the impact of the frequent rise in the prices of petrol and diesel on maintaining vehicles,…
Finance Ministry exploring options to ease petrol, diesel price
Oil & Gas

Finance Ministry exploring options to ease petrol, diesel price

Amid mounting pressure from all the quarters to reduce taxes on petrol and diesel, the Finance Ministry vigorously started to…
Oil companies raise margins as fuel price surge
Oil & Gas

Oil companies raise margins as fuel price surge

The oil price rise may be hitting the fuel consumers hard, but it is the oil companies that are making…
IOCL to invest Rs 32,496 crore to expand Panipat refinery
Oil & Gas

IOCL to invest Rs 32,496 crore to expand Panipat refinery

Indian Oil Corporation Limited (IOCL) said it will invest Rs 32,946 crore to expand its oil refinery at Panipat in…
Shiv Sena slams Sitharaman’s Dharm-Sankat remark on fuel
Oil & Gas

Shiv Sena slams Sitharaman’s Dharm-Sankat remark on fuel

The Shiv Sena on Friday targeted Union Finance Minister Nirmala Sitharaman for referring to the issue of high fuel prices…
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