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Government committing fraud, says CPI-M


September 14th, 2012 - 3:44 pm ICT by IANS
New Delhi, Sep 14 (IANS) The CPI-M Friday accused the government of committing a "gigantic fraud" by hiking fuel prices at a time when Indian oil companies were making huge ... Read more...

Posted in Politics |

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 |

Government may reduce subsidised LPG cylinders to rich


July 18th, 2012 - 10:13 pm ICT by IANS
Bangalore, July 18 (IANS) The central government is mulling reducing the subsidy on cooking gas by limiting supply of LPG cylinders to those who do not belong to the economically ... 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 |

PM launches Rs.21,500 crore Bathinda refinery


April 28th, 2012 - 2:08 pm ICT by IANS
Bathinda (Punjab), April 28 (IANS) Prime Minister Manmohan Singh Saturday inaugurated the Rs.21,500 crore Guru Gobind Singh Refinery in Punjab's Bathinda district.Considered one the biggest investments in Punjab since ... Read more...

Posted in Business |

PM to inaugurate Bathinda refinery


April 19th, 2012 - 1:06 pm ICT by IANS
Chandigarh, April 19 (IANS) The Rs.21,500 crore Guru Gobind Singh Refinery near Bathinda town - the largest investment in Punjab since independence - will be formally inaugurated by Prime ... Read more...

Posted in Uncategorized |

Kolkata autorickshaw drivers disrupt normal life


April 3rd, 2012 - 4:29 pm ICT by IANS
Kolkata, April 3 (IANS) Kolkata's autorickshaw drivers stoned buses, forced children to alight from public transport and blocked roads to protest the increase in auto LPG prices, inconveniencing ... Read more...

Posted in Business |

Bathinda refinery to be inaugurated in April


March 29th, 2012 - 6:47 pm ICT by IANS
Chandigarh, March 29 (IANS) The Rs.21,500 crore Guru Gobind Singh Refinery near Bathinda town in southwest Punjab will be formally inaugurated next month, a senior official said here Thursday.The project, ... Read more...

Posted in Business |

IOC reports quarterly net loss of Rs.7,485.55 crore


November 9th, 2011 - 4:46 pm ICT by IANS
Mumbai, Nov 9 (IANS) Joining its state-owned oil marketing peers, Indian Oil Corp (IOC) Wednesday reported huge losses in the second quarter ended Sep 30 at Rs.7,485.55 crore owing to ... Read more...

Posted in Business |

Pranab backs hike, but hopes Trinamool’s complaints will be resolved


November 5th, 2011 - 7:08 pm ICT by IANS
Kolkata, Nov 5 (IANS) Union Finance Minister Pranab Mukherjee Saturday described as "legitimate" the concern expressed by the Trinamool Congress over the latest petrol price hike but hoped that ... Read more...

Posted in Politics |

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 |

‘Oil companies will decide on petrol price hike’


November 2nd, 2011 - 8:12 pm ICT by IANS
New Delhi, Nov 2 (IANS) The government said Wednesdayit was up to state-run oil marketing companies (OMCs) to decide on any petrol price hike, even as Petroleum Minister ... Read more...

Posted in Business |

Oil firms mulling another price hike


November 1st, 2011 - 7:38 pm ICT by IANS
New Delhi, Nov 1 (IANS) State-owned oil companies may hike fuel prices once again owing to a depreciating rupee and rise in global crude prices."We are at present losing Rs.1.50 ... Read more...

Posted in Business |

Mamata favours railways, SAIL tie-up in Singur


October 29th, 2011 - 6:43 pm ICT by IANS
Kolkata, Oct 29 (IANS) Calling for an "industrial revolution" in West Bengal, Chief Minister Mamata Banerjee Saturday said the railways have expressed their desire to set up an industrial ... Read more...

Posted in Business |

Nod for Kolkata gas distribution MoU


October 20th, 2011 - 12:16 am ICT by IANS
Kolkata, Oct 19 (IANS) The West Bengal government Monday approved a Memorandum of Understanding (MoU) between the Greater Calcutta Gas Supply Corporation Ltd (GCGSCL), Hindustan Petroleum Corporation Limited (HPCL) and ... Read more...

Posted in Business |

Fuel supply resumes, Air India operations normal (Lead)


May 27th, 2011 - 6:24 pm ICT by IANS
Mumbai/Thiruvananthapuram, May 27 (IANS) Oil companies resumed supply of jet fuel to national carrier Air India Friday after huge unpaid bills led to the cancellation of four flights earlier in ... Read more...

Posted in Business |

Petrol prices to rise by Rs 2.54 per litre from midnight tonight


January 15th, 2011 - 10:02 pm ICT by ANI
New Delhi, Jan 15 (ANI): Following an increase in international crude oil prices, state-owned oil companies raised petrol prices by Rs 2.50-Rs 2.54 per litre for the second time in a month, ... Read more...

Posted in Business |

IOC again hikes ATF prices by 2 percent


December 31st, 2010 - 10:49 pm ICT by IANS
New Delhi, Dec 31 (IANS) State-owned Indian Oil Corporation (IOC) Friday raised aviation turbine fuel (ATF) prices by two percent, which now stand at Rs. 47,816 per kilolitre in Delhi.This is the ... Read more...

Posted in Business |

Aviation fuel prices raised 3.6 percent


December 15th, 2010 - 9:51 pm ICT by IANS
New Delhi, Dec 15 (IANS) State-owned oil marketing company Indian Oil Corporation (IOC) Wednesday raised aviation turbine fuel (ATF) prices by 3.6 percent, taking them up by Rs.1,636.58 a kilolitre to Rs.46,876.58 ... Read more...

Posted in Business |

BPCL hikes petrol price by Rs. 2.95 per litre


December 14th, 2010 - 10:05 pm ICT by ANI
New Delhi, Dec 14 (ANI): Following a spike in international crude oil prices, state-owned Bharat Petroleum Corporation Ltd (BPCL) has announced a hike in petrol prices by Rs. 2.95 per litre, ... Read more...

Posted in Business |

HPCL posts Rs.2,089.61 crore profit


November 12th, 2010 - 8:56 pm ICT by IANS
Mumbai, Nov 12 (IANS) State-run refiner Hindustan Petroleum Corporation Ltd (HPCL) Friday reported Rs.2,089.61 crore profit for the second quarter of the current fiscal as against Rs.136.68 crore net loss in the ... Read more...

Posted in Business |

GSPC-led consortium wins bid for Kakinada-Bhilwara pipeline


October 19th, 2010 - 8:33 pm ICT by IANS
Chennai, Oct 19 (IANS) A four-member consortium led by Gujarat State Petroleum Corporation (GSPC) has won the bid for building the natural gas pipeline between Kakinada in Andhra Pradesh and Bhilwara in ... Read more...

Posted in Business |

Deshmukh asks heavy industry PSUs to resolve labour problems


October 13th, 2010 - 7:47 pm ICT by IANS
New Delhi, Oct 13 (IANS) Heavy Industries Minister Vilasrao Deshmukh Wednesday asked top officials of public sector Undertakings (PSUs) to sort out labour issues afflicting the units in consultation with trade unions ... Read more...

Posted in Business |

Renuka Sugars receives order for ethanol supply


October 6th, 2010 - 9:45 pm ICT by IANS
New Delhi, Oct 6 (IANS) Shree Renuka Sugars Wednesday said it has received orders to supply 118 million litres of ethanol to state-run oil marketing companies for a period of one year."Shree ... Read more...

Posted in Business |

Petroleum Ministry to reward and Indian sportsperson for winning medal in 2010 CWG


October 3rd, 2010 - 8:09 pm ICT by ANI
New Delhi, Oct.3 (ANI): Ahead of the XIX Commonwealth Games 2010 Delhi the Union Petroleum and Natural Gas Minister Murli Deora on Sunday announced monetary bonanza for the country's athletes.The Petroleum Minister ... Read more...

Posted in National |

Court notice for failure to replace cut trees in Kutch


September 29th, 2010 - 6:06 pm ICT by IANS
Gandhinagar, Sep 29 (IANS) Gujarat High Court has issued notice to the forest head of Kutch district after a writ petition alleged that thousands of trees cut by Hindustan Petroleum Corporation Ltd ... Read more...

Posted in Environment |

No “overdues” to oil companies, says Mallya


September 23rd, 2010 - 6:40 pm ICT by IANS
New Delhi, Sep 23 (IANS) Kingfisher Airlines Thursday said it does not have any "overdues" to oil marketing companies (OMCs). "We have given them (OMCs) a lot of money, so we do not ... Read more...

Posted in Business |

Six private airlines owe Rs.1,887.82 crore to public OMCs


August 17th, 2010 - 7:31 pm ICT by IANS
New Delhi, Aug 17 (IANS) Six private airlines, including Jet and Kingfisher, owed Rs.1,887.82 crore to public sector oil companies, Civil Aviation Minister Praful Patel Tuesday informed the Rajya Sabha. He was replying ... Read more...

Posted in Business |

Punjab rejects change in refinery’s name


July 4th, 2010 - 9:33 pm ICT by IANS
Chandigarh, July 4 (IANS) A move by the HPCL-Mittal Energy Limited to get the name of the Guru Gobind Singh Refinery project near Bathinda changed has been rejected by the Punjab government, ... Read more...

Posted in Business |

Government intervention if crude oil prices turn volatile: Deora


July 2nd, 2010 - 10:32 pm ICT by IANS
Bangalore, July 2 (IANS) The central government will step in to regulate the decontrolled price of petrol if crude oil rates turn highly volatile in the international markets, Petroleum and Natural Gas ... Read more...

Posted in Business |

OMCs to invest Rs.1,500 crore for LPG supply in Karnataka


July 2nd, 2010 - 8:12 pm ICT by IANS
Bangalore, July 2 (IANS) State-run oil marketing firms will invest Rs.1,500 crore in Karnataka to increase the coverage of cooking gas supply across the state, a top official said Friday. "As part ... Read more...

Posted in Business |

Oil marketing company scrips shoot up after price hike


June 25th, 2010 - 5:35 pm ICT by IANS
Mumbai, June 25 (IANS) Scrips of oil marketing and exploring companies shot up after the government Friday freed fuel prices and hiked the rates for petrol, diesel, kerosene and cooking gas to ... Read more...

Posted in Business |

Ministerial panel may meet next week on fuel price hike


June 16th, 2010 - 7:15 pm ICT by IANS
New Delhi, June 16 (IANS) The empowered Group of Ministers (eGoM) may meet next week to consider an increase in prices of transport fuels. "We are trying for a meeting next ... Read more...

Posted in Business |

HPCL Q4 net dips 85.16 percent


May 26th, 2010 - 6:59 pm ICT by IANS
New Delhi, May 26 (IANS) State-run Hindustan Petroleum Corp Ltd (HPCL) Wednesday said its net profit plummeted 85.16 percent to Rs.757.53 crore during January-March quarter from Rs 5,104.04 crore in the corresponding ... Read more...

Posted in Business |

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