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 its enhanced 26% share in the…
diesel
The latest diesel news, analysis and data from India and across Asia, reported by Energy Asia.
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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 below that level in Mumbai, after…
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 and no one was injured.
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 increased by 23 paise per litre…
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 pump prices of petrol and diesel…
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 country to record highs and that…
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 curb the second wave of coronavirus…
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 in a week
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 international crude oil prices.
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 petrol and diesel prices static for…
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 two decades
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 with softening international crude oil prices.
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 range of 19-22 paise across the…
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 energy demand as the COVID-19 epidemic…
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 be removed before the government considers…
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 the next eight to 10 years…
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 litre and diesel by 17 paise…
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 several states later this month has…
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 up an infrastructure to tap the…
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 increase in taxes on petrol and…
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, dealers in Maharashtra's Aurangabad are seeing…
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 discuss the burning issue which has…
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 the most from the current situation,…
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 Haryana to 25 million tonnes per…
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 as dharm-sankat