Hike likely in diesel, LPG, kerosene prices
September 5th, 2012 - 8:50 pm ICT by IANS
New Delhi, Sep 5 (IANS) The oil ministry has moved a cabinet note seeking a hike in diesel, cooking gas and kerosene prices and limiting supply of subsidised cooking gas ... Read more...
Posted in Business |
BPCL to set up refuelling facility at Shillong airport
September 5th, 2012 - 6:42 pm ICT by IANS
Shillong, Sep 5 (IANS) Bharat Petroleum Corp Ltd (BPCL) wants to set up a refuelling facility at Shillong airport, says Meghalaya Transport Minister Abu Taher Mondal.Formerly known as Umroi airport, ... Read more...
Posted in Business |
Petrol to be cheaper by Rs.2.46 a litre (Second Lead)
June 28th, 2012 - 10:45 pm ICT by IANS
New Delhi, June 28 (IANS) India's three oil marketing companies (OMCs) have decided to reduce petrol prices by a minimum of Rs.2.46 a litre, depending on states' sales taxes, from ... Read more...
Posted in Business |
Petrol bunks go dry in three Tamil Nadu districts(Lead)
May 29th, 2012 - 12:33 am ICT by IANS
Chennai, May 28 (IANS) An acute shortage of petrol and diesel has hit three districts of Tamil Nadu with nearly 1,000 bunks going dry, a petroleum dealer said Monday.The shortage ... Read more...
Posted in Business |
Petrol bunks go dry in three Tamil Nadu districts
May 28th, 2012 - 5:42 pm ICT by IANS
Chennai, May 28 (IANS) An acute shortage of petrol and diesel has hit three districts of Tamil Nadu with nearly 1,000 bunks going dry, a petroleum dealer said Monday. Officials ... Read more...
Posted in Business |
Court notice on villagers’ plea against oil depot (Lead)
May 2nd, 2012 - 8:21 pm ICT by IANS
New Delhi, May 2 (IANS) The Delhi High Court Wednesday issued notice to Hindustan Petroleum Corp and the National Disaster Management Authority on a plea by villagers opposing the construction ... Read more...
Posted in Business |
Air India owes Rs.2,310 crore to oil firms
November 23rd, 2011 - 6:52 pm ICT by IANS
New Delhi, Nov 23 (IANS) The government Wednesday said the debt-ridden national carrier Air India currently owes Rs.2,310 crore (over $440 million) to the state-run oil marketing companies."At the ... Read more...
Posted in Business |
No government role in petrol price hike: Pranab
November 5th, 2011 - 6:18 pm ICT by IANS
Kolkata, Nov 5 (IANS) Defending the government on the recent petrol price hike, Finance Minister Pranab Mukherjee Saturday said the decision on the increase was taken by oil firms, ... Read more...
Posted in Uncategorized |
Forced to hike petrol prices, say government, oil firms
November 4th, 2011 - 8:55 pm ICT by IANS
New Delhi, Nov 4 (IANS) Criticised over another petrol hike amid high inflation, the government and oil firms Friday defended themselves saying the hike could not be avoided as ... Read more...
Posted in Uncategorized |
Fresh petrol price hike of Rs.1.80 per litre
November 3rd, 2011 - 11:35 pm ICT by IANS
New Delhi, Nov 3 (IANS) Oil marketing companies Thursday raised petrol prices by Rs.1.80 per litre effective from midnight, just over a month and a half since the last ... Read more...
Posted in Business |
Public fumes, as petrol prices hiked again (Roundup)
September 15th, 2011 - 8:36 pm ICT by IANS
New Delhi, Sep 15 (IANS) Petrol prices were hiked for the 10th time since June 2010, by a little over Rs.3 a litre from Friday, as India's oil retailers ... Read more...
Posted in Business |
Human error caused Jaipur IOC terminal fire, probe shows(Lead)
February 3rd, 2010 - 12:10 am ICT by IANS
New Delhi, Feb 2 (IANS) Human failure, lack of observance of safety guidelines, defunct devices and faulty safety audits seemed to be some of the reasons for the fire at the Indian ... Read more...
Posted in Business |
Rupees 120 billion paid by Government of India to bail out oil companies
January 19th, 2010 - 5:46 pm ICT by ANI
New Delhi, Jan. 19 (ANI):Petroleum Minister Murli Deora on Tuesday disclosed that the Finance Ministry has granted 120 billion rupees to compensate losses incurred by government-run oil companies."Finance Ministry will pay for ... Read more...
Posted in World |
Oil firms told to add 55 mn cooking gas connections
July 15th, 2009 - 7:11 pm ICT by IANS
New Delhi, July 15 (IANS) Oil companies will soon be preparing detailed plans to increase the number of cooking gas connections, especially in rural areas, by 55 million by 2015.
Minister of ... Read more...
Posted in Business |
More than 2000 petrol pumps to come up in 2009
July 9th, 2009 - 6:42 pm ICT by ANI
New Delhi, July 9 (ANI): Minister of State for Petroleum and Natural Gas, Jatin Prasad, today informed the Lok Sabha that the 2,263 petrol pumps would be set up during the current ... Read more...
Posted in National |
Aviation fuel prices cut by Rs.311 per kilolitre
April 30th, 2009 - 7:06 pm ICT by IANS
New Delhi, April 30 (IANS) State-run oil companies Thursday announced a cut in aviation fuel prices by Rs.311 per kilolitre (kl), after three consecutive hikes.
The aviation turbine fuel (ATF) will now cost ... Read more...
Posted in Business |
State-run oil firms pay lower dividend
February 26th, 2009 - 9:20 pm ICT by IANS
New Delhi, Feb 26 (IANS) State-run oil companies have made a dividend payment of Rs.70.04 billion (Rs.7,004 crore) this fiscal, down from Rs.73.35 billion paid in 2007-08, a union minister said here ... Read more...
Posted in Uncategorized |
No immediate cut in diesel price: Deora
February 25th, 2009 - 8:47 pm ICT by IANS
New Delhi, Feb 25 (IANS) The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday. ... Read more...
Posted in Uncategorized |
India shelves Brazil ethanol plans due to slowdown
February 24th, 2009 - 9:26 pm ICT by IANS
New Delhi, Feb 24 (IANS) India's state-run oil marketing companies (OMCs) have put on hold their plans to invest in ethanol projects in Brazil due to the current economic slowdown, Petroleum Minister ... Read more...
Posted in Uncategorized |
Emami Biotech to supply bio-diesel to Calcutta Tramways
February 17th, 2009 - 6:02 pm ICT by IANS
Kolkata, Feb 17 (IANS) Emami Biotech Ltd, a part of the Rs.20-billion (Rs.2,000-crore) Emami Group, will supply 250 kilolitres of bio-diesel per month to Calcutta Tramways Co. (CTC), a top official said ... Read more...
Posted in Uncategorized |
India offers Qatar 10 percent stake in Petronet
January 14th, 2009 - 7:17 pm ICT by IANS
New Delhi, Jan 14 (IANS) India Wednesday offered a 10 percent stake in Petronet LNG Ltd, the state-run procurer of liquefied natural gas (LNG), to Qatar.Petroleum Minister Murli Deora made the offer ... Read more...
Posted in Uncategorized |
FAQs on the oil strike
January 9th, 2009 - 6:55 pm ICT by IANS
Frequently asked questions on the oil employees' strike:Q: Who all are involved?A: Employees of 13 public sector energy companies, including majors such as Indian Oil Corp, Bharat Petroleum, Oil and Natural Gas ... Read more...
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Essar Oil earmarks entire production for domestic market
January 9th, 2009 - 6:21 pm ICT by IANS
New Delhi, Jan 9 (IANS) Essar Oil's entire production will be for the domestic market, a senior company official said here Friday, the third day of an indefinite strike called by oil ... Read more...
Posted in Business |
Government may call in army to tackle oil strike (Second Lead)
January 9th, 2009 - 3:51 pm ICT by IANS
New Delhi, Jan 9 (IANS) Taking a tough stance against the striking officers of public sector oil companies, the government Friday said the army could be called in to tackle the crisis ... Read more...
Posted in Uncategorized |
Territorial Army may step in to break oil strike: Minister (Lead)
January 9th, 2009 - 2:47 pm ICT by IANS
New Delhi, Jan 9 (IANS) In an attempt to end the ongoing strike by officers of public sector oil firms, Petroleum Minister Murli Deora has begun conducting talks with the Territorial Army ... Read more...
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Long queues for fuel as petrol pumps start to go dry (Lead)
January 8th, 2009 - 11:21 pm ICT by IANS
New Delhi, Jan 8 (IANS) Alarmed Delhi'ites Thursday made a beeline for petrol pumps to tank up their vehicles as most petrol pumps went "dry" on the second day of a strike ... Read more...
Posted in Uncategorized |
Territorial Army deployed at Delhi airport for refuelling services
January 8th, 2009 - 7:03 pm ICT by IANS
New Delhi, Jan 8 (IANS) Territorial Army (TA) personnel have been deployed at the Delhi airport to ensure smooth flight operations in the wake of the nationwide strike by public sector oil ... Read more...
Posted in Uncategorized |
Fuel supplies hit in Uttar Pradesh as 2,000 officers join strike
January 8th, 2009 - 6:07 pm ICT by IANS
Lucknow, Jan 8 (IANS) Nearly 2,000 oil sector employees struck work in Uttar Pradesh Thursday, the second day of the nationwide strike called by officers of public sector oil companies.Fuel supplies to ... Read more...
Posted in Uncategorized |
Petrol pumps start to go dry in capital
January 8th, 2009 - 4:11 pm ICT by IANS
New Delhi, Jan 8 (IANS) Most petrol pumps went "dry" Thursday in the national capital, the second day of the strike by oil sector employees, with new supplies yet to reach the ... Read more...
Posted in Uncategorized |
Essential services act advocated to tackle oil sector strike (Lead)
January 5th, 2009 - 10:31 pm ICT by IANS
New Delhi, Jan 5 (IANS) Unable to convince oil sector employees to cancel their indefinite strike, starting from Wednesday, the petroleum ministry Monday asked states to invoke the stringent provisions of the ... Read more...
Posted in Uncategorized |
20 firms join in petroleum university’s placement programme
January 5th, 2009 - 10:19 pm ICT by IANS
Gandhinagar, Jan 5 (IANS) Beating the slowdown trend, over 20 companies are participating in this year's campus recruitment programme of the Institute of Petroleum Management Gandhinagar (IPMG), which began Monday. Organisers ... Read more...
Posted in Business |
India to cut fuel prices after December 24: Deora
November 25th, 2008 - 4:30 pm ICT by ANI
New Delhi, Nov.25 (ANI): India may cut fuel prices towards the end of December as the code of conduct for ongoing assembly elections bars potentially vote-winning policy moves, said Petroleum and ... Read more...
Posted in Health Science |
No immediate cut in transport fuel prices: PM
November 11th, 2008 - 2:51 pm ICT by IANS
New Delhi, Nov 11 (IANS) Prime Minister Manmohan Singh has ruled out any immediate cut in the prices of transport fuels since state-run petroleum retailers continued to incur losses."There are limits to ... Read more...
Posted in Business |
Uttar Pradesh diesel dealers threaten to stop business
November 8th, 2008 - 4:20 pm ICT by IANS
Lucknow, Nov 8 (IANS) Diesel dealers in Uttar Pradesh Saturday threatened to stop business if the state government did not withdraw an entry tax, imposed on them in September.The government imposed the ... Read more...
Posted in Uncategorized |
Indian Oil posts Rs.70 bn loss, seeks more oil bonds (Third Lead)
October 31st, 2008 - 9:53 pm ICT by IANS
New Delhi, Oct 31 (IANS) Urging the government to fully compensate its losses due to under-recovery from sale of subsidised fuel, Indian Oil Corp (IOC), which posted a loss of Rs.70 billion ... Read more...
Posted in Business |