indian oil

Tyre warehouse in Haryana gutted in fire


June 30th, 2012 - 7:54 pm ICT by IANS
Gurgaon, June 30 (IANS) A tyre warehouse in Haryana was gutted in a major fire Saturday. No one was injured in the incident, an official said.The warehouse, built on 2.5 ... Read more...

Posted in Uncategorized |

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 prices to be cut by Rs.2.46 a litre (Lead)


June 28th, 2012 - 10:28 pm ICT by IANS
New Delhi, June 28 (IANS) India's oil marketing companies have decided to cut back petrol prices by Rs.2.46 a litre with effect from midnight, it was announced here ... Read more...

Posted in Business |

Petrol prices to be cut by Rs.2.46 per litre


June 28th, 2012 - 9:19 pm ICT by IANS
New Delhi, June 28 (IANS) India's oil marketing companies have decided to reduce petrol prices by Rs.2.46 per litre from midnight, it was announced here Thursday."The downward revision shall vary ... Read more...

Posted in Business |

Government launches web-portal to curb LPG black-marketing


June 22nd, 2012 - 4:47 pm ICT by IANS
New Delhi, June 22 (IANS) In a bid to curb black-marketing of domestic cooking gas, the government Friday launched a web-portal that will empower nearly 14 crore users of liquified ... Read more...

Posted in Business |

Latin America - Energising India (Comment)


June 21st, 2012 - 9:52 am ICT by IANS
Latin America has remained at the periphery of Indian political and economic strategy, having presented no significant challenges, received marginal Indian migration (mainly in the Caribbean/Atlantic), and, depending on the country, ... Read more...

Posted in Business |

Under huge financial strain: Oil marketing companies


June 3rd, 2012 - 9:12 pm ICT by IANS
New Delhi, June 3 (IANS) Three state-run oil marketing companies Sunday said they are under "huge financial strain" due to selling diesel, kerosene and cooking gas at subsidised rates and ... Read more...

Posted in Business |

Petrol price cut by Rs.2 a litre (Second Lead)


June 2nd, 2012 - 9:23 pm ICT by IANS
New Delhi, June 2 (IANS) In a partial roll-back, oil marketing companies cut petrol prices by Rs.2 a litre with effect from midnight Saturday after crude prices softened in the ... Read more...

Posted in Politics |

Petrol price cut by Rs.2.02 a litre in Delhi (Lead)


June 2nd, 2012 - 7:59 pm ICT by IANS
New Delhi, June 2 (IANS) State-owned Indian Oil Corp Saturday said it will reduce petrol price by Rs.2.02 a litre, including state levies, in Delhi from midnight Saturday. Petrol became ... Read more...

Posted in Business |

India to launch 16 new nuclear reactors


June 1st, 2012 - 5:30 pm ICT by IANS
Chennai, June 1 (IANS) The Nuclear Power Corporation of India Ltd (NPCIL) will launch 16 reactors at an outlay of Rs.2.3 trillion ($40 billion) during the 12th Plan period (2012-17), ... Read more...

Posted in Sci-Tech |

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 |

Indian Oil posts Rs.12,670 crore quarterly net profit


May 28th, 2012 - 5:33 pm ICT by IANS
Mumbai, May 28 (IANS) The Indian Oil Corporation posted a massive increase in net profit at Rs.12,670 crore for the quarter ended March 31 against Rs.3,905 crore during the like ... Read more...

Posted in Business |

Northeastern India hit by cooking gas crisis


May 26th, 2012 - 4:40 pm ICT by IANS
Agartala/Aizwal, May 26 (IANS) Northeastern states of the country have been facing a severe crisis of cooking gas after the production was hit in the Indian Oil Corporation Limited (IOCL)-owned ... Read more...

Posted in Business |

Decision on petrol price rollback in a few days: Reddy (Lead)


May 25th, 2012 - 9:14 pm ICT by IANS
New Delhi, May 25 (IANS) Petroleum Minister S. Jaipal Reddy Friday said the government is monitoring the situation and would take a "definitive" view in a few days."I will ... Read more...

Posted in Business |

Would cut petrol prices if crude prices fall: IOC


May 24th, 2012 - 9:12 pm ICT by IANS
New Delhi, May 24 (IANS) Amidst country-wide outrage over the steepest rise of petrol prices by Rs.7.5 a litre, Indian Oil Corp Thursday said it will not roll back the ... Read more...

Posted in Business |

Reduce petrol price hike burden, Congress tells government


May 24th, 2012 - 7:15 pm ICT by IANS
New Delhi, May 24 (IANS) Facing flak both from allies like the Trinamool Congress and the DMK as well as the opposition for hiking petrol price, the Congress Thursday said ... Read more...

Posted in Politics |

Sensex up 222.60 points in noon trade


May 24th, 2012 - 2:30 pm ICT by IANS
Mumbai, May 24 (IANS) A benchmark index of Indian equities markets was trading 222.60 points higher around 12.30 p.m. Thursday on a healthy buying spree in bank, oil ... Read more...

Posted in Business |

Petrol price hiked by Rs.7, opposition and allies fret (Intro Roundup)


May 23rd, 2012 - 11:58 pm ICT by IANS
New Delhi, May 23 (IANS) India Wednesday hiked petrol prices by an unprecedented over Rs.7 a litre, triggering protests from the opposition and even government allies. But the industry ... Read more...

Posted in Politics |

Petrol price hiked by Rs.7, opposition and allies fret (Roundup)


May 23rd, 2012 - 11:08 pm ICT by IANS
New Delhi, May 23 (IANS) India Wednesday hiked petrol prices by an unprecedented over Rs.7 a litre, triggering protests from the opposition and even government allies. But the industry ... Read more...

Posted in Business |

Petrol price hiked by Rs.6.28 plus taxes, industry welcomes move (Second Lead)


May 23rd, 2012 - 10:35 pm ICT by IANS
New Delhi,May 23 (IANS) India's state-controlled refiners hiked prices petrol by a steep 6.28 per litre, exclusive of taxes, effective midnight Wednesday to compensate losses incurred by them for selling ... Read more...

Posted in Business |

Petrol prices hiked by Rs.6.28 per litre plus taxes (Lead)


May 23rd, 2012 - 8:54 pm ICT by IANS
New Delhi, May 23 (IANS) Petrol prices have been hiked by Rs.6.28 per litre, exclusive of taxes, effective midnight, it was announced here Wednesday.Petrol will cost Rs.73.14 per litre ... Read more...

Posted in Uncategorized |

Gail, Tidco to set up a JV power plant in Tamil Nadu


May 11th, 2012 - 9:43 pm ICT by IANS
Chennai, May 11 (IANS) The Gas Authority of India Ltd (Gail) and the Tamil Nadu Industrial Development Corporation Ltd (Tidco) would jointly promote a special purpose vehicle to set up ... Read more...

Posted in Business |

India says it’s free to decide on Iran oil imports


May 10th, 2012 - 1:57 pm ICT by IANS
New Delhi, May 10 (IANS) India is "free to take its decisions" on importing oil from Iran despite economic sanctions by the US to thwart Tehran's alleged military nuclear programme, ... Read more...

Posted in Uncategorized |

Clinton visit: India to juggle ties with US, Iran


May 5th, 2012 - 7:46 pm ICT by IANS
New Delhi, May 5 (IANS) India will be juggling its ties with Iran and the US as it gears up to hold talks with Secretary of State Hillary Clinton ... Read more...

Posted in Uncategorized |

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 |

Oil marketing firms losing Rs.518 crore per day


May 1st, 2012 - 5:49 pm ICT by IANS
New Delhi, May 1 (IANS) Oil marketing companies are losing Rs.518 crore per day on sale of diesel, kerosene and domestic liquefied petroleum gas (LPG), government data showed Tuesday.Oil ... Read more...

Posted in Business |

Sri Lanka rejects Indian offer to upgrade refinery


April 29th, 2012 - 4:28 pm ICT by IANS
Colombo, April 29 (IANS) Sri Lanka has rejected an Indian offer to upgrade a refinery that is built to refine only Iranian oil, a minister said Sunday.Petroleum Minister Susil Premjayantha ... Read more...

Posted in Business |

‘More companies helping preserve India’s monuments’


April 24th, 2012 - 8:38 pm ICT by IANS
New Delhi, April 24 (IANS) The number of public sector undertakings, private corporations and trusts paying for the maintenance of India's ancient monuments has grown over the years, Kumari ... Read more...

Posted in Life Style |

Oil firms ask government to compensate them


April 17th, 2012 - 11:34 pm ICT by IANS
New Delhi, April 17 (IANS) Three state-owned oil marketing companies (OMCs) Tuesday asked the government to temporarily declare petrol as a regulated commodity, reduce state sales tax and provide hundred ... Read more...

Posted in Business |

‘Indian oil investments in both Sudans safe’


April 4th, 2012 - 8:14 pm ICT by IANS
New Delhi, April 4 (IANS) Both Sudan and South Sudan have assured India that its $2.5 billion investment in the oil industry spanning the trans-national border are safe and will ... Read more...

Posted in Business |

Delhi police gears for Anna’s protest


March 24th, 2012 - 6:04 pm ICT by IANS
New Delhi, March 24 (IANS) More than 1,000 police personnel will be deputed here at Jantar Mantar where Anna Hazare will sit on a day-long protest Sunday, a senior ... Read more...

Posted in Uncategorized |

Petrol price hike in the offing as crude soars


March 23rd, 2012 - 6:19 pm ICT by IANS
New Delhi, March 23 (IANS) Consumers may have to bear another round of price hike in auto and cooking fuels as the government is mulling a review in the wake ... Read more...

Posted in Business |

IOC to set up LNG terminal in Chennai


March 22nd, 2012 - 7:57 pm ICT by IANS
Chennai, March 22 (IANS) The Indian Oil Corporation Ltd (IOC) is confident of setting up its Rs.4,500 crore, five million tonne per annum (tpa) liquefied natural gas (LNG) terminal in ... Read more...

Posted in Business |

India asks Saudi Arabia to hike crude oil supply


February 23rd, 2012 - 5:33 pm ICT by IANS
New Delhi, Feb 23 (IANS) In a move seen to fill a possible cut in supplies from sanctions-hit Iran, India Thursday asked Saudi Arabia to raise supply of crude oil ... Read more...

Posted in World |

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