marketing companies

Bombay High Court to hear suit against petrol price hike


May 28th, 2012 - 10:37 pm ICT by IANS
Mumbai, May 28 (IANS) The Bombay High Court will Wednesday hear a public suit against the recent hike in petrol prices. Acting on the suit filed Monday by Rajendra Phanse, ... 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 |

No plan to hike diesel, LPG, kerosene prices: Reddy


May 28th, 2012 - 3:49 pm ICT by IANS
New Delhi, May 28 (IANS) The government has no immediate plan to hike prices of diesel, liquefied petroleum gas (LPG) and kerosene, Petroleum Minister S. Jaipal Reddy said Monday."I ... Read more...

Posted in Business |

Sensex snaps 4-week losing streak, gains 65 points (Weekly market review)


May 26th, 2012 - 6:57 pm ICT by IANS
Mumbai, May 26 (IANS) Snapping a four-week losing streak, a benchmark index of the Indian equities markets gained 65 points this week as the hike in petrol price signalled ... 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 |

Decision on petrol price rollback in a few days: Reddy


May 25th, 2012 - 7:42 pm ICT by IANS
New Delhi, May 25 (IANS) Just two days after the state-run oil marketing companies announced the steepest hike so far in petrol price, Petroleum Minister S. Jaipal Reddy Friday ... Read more...

Posted in Business |

BJD calls Odisha shutdown against petrol price hike


May 25th, 2012 - 6:04 pm ICT by IANS
Bhubaneswar, May 25 (IANS) Odisha's ruling Biju Janata Dal (BJD) Friday called for a statewide shutdown May 31 to protest the hike in petrol prices by oil marketing companies.At an ... Read more...

Posted in Politics |

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 |

Sensex rebounds 274 points as rupee recovers (Lead)


May 24th, 2012 - 7:30 pm ICT by IANS
Mumbai, May 24 (IANS) A benchmark index for Indian equities markets regained the psychological 16,000-point mark and closed 274 points higher Thursday, led by a rally in oil and ... 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 |

Government to decide on diesel, LPG price hike Friday


May 24th, 2012 - 4:23 pm ICT by IANS
New Delhi, May 24 (IANS) An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee will meet Friday to take a decision on raising prices of diesel ... Read more...

Posted in Business |

India Inc calls for dual pricing of diesel, LPG


May 24th, 2012 - 3:55 pm ICT by IANS
New Delhi, May 24 (IANS) Welcoming the hike in petrol prices, industry organisations Thursday called for differential pricing of diesel and liquefied petroleum gas (LPG) to curb ballooning fuel subsidy."The ... Read more...

Posted in Business |

Odisha protests over petrol price hike


May 24th, 2012 - 1:13 pm ICT by IANS
Bhubaneswar, May 24 (IANS) Protests and demonstrations were organised in various parts of Odisha Thursday against the hike in petrol prices by an unprecedented over Rs.7 a litre by ... Read more...

Posted in Uncategorized |

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 |

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 |

PM hints at fuel price hike, stresses energy security


April 28th, 2012 - 9:41 pm ICT by IANS
Bathinda (Punjab), April 28 (IANS) Prime Minister Manmohan Singh Saturday hinted at an impending hike in fuel prices saying that there is need for such an exercise to balance ... Read more...

Posted in Business |

SpiceJet allowed to directly import ATF


April 18th, 2012 - 4:06 pm ICT by IANS
Mumbai, April 18 (IANS) SpiceJet Ltd has became India's first low-cost private airline to get government approval for importing aircraft turbine fuel (ATF) directly.The approval was granted by the Director-General ... Read more...

Posted in Business |

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 |

Finance companies dominate IIM-C placements


April 10th, 2012 - 12:20 am ICT by IANS
Kolkata, April 9 (IANS) Despite the global economic slowdown, the final batch of 352 students of the Indian Institute of Management-Calcutta (IIM-C) got placed during the campus selection, with the ... Read more...

Posted in Business |

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 |

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 |

LPG prices surge in Pakistan


March 4th, 2012 - 4:35 pm ICT by IANS
Islamabad, March 4 (IANS) The prices of liquefied petroleum gas (LPG) in Pakistan rose by Rs.20 ($0.2) per kg.Saturday's price rise will result in an increase of Rs.235 per cylinder ... Read more...

Posted in Business |

Government notifies direct fuel import by airlines


February 22nd, 2012 - 11:06 pm ICT by IANS
New Delhi, Feb 22 (IANS) The Indian government Wednesday notified direct import of jet fuel -- a long standing demand of the domestic airline industry -- and called upon ... Read more...

Posted in Business |

Jet fuel price cut by Rs.350.70 a kilolitre


February 16th, 2012 - 7:52 pm ICT by IANS
New Delhi, Feb 16 (IANS) State-owned oil marketing companies (OMCs) Thursday cut aviation fuel prices by Rs.350.70 or 0.56 percent a kilolitre (kl), effective from midnight Friday.With this, the ... Read more...

Posted in Business |

May consider reduction of diesel subsidy : Reddy


February 15th, 2012 - 1:15 am ICT by IANS
Gurgaon, Feb 14 (IANS) Petroleum Minister Jaipal Reddy Tuesday said his ministry may consider at an appropriate time to reduce the subsidy it incurs on selling cheaply diesel and liquefied ... Read more...

Posted in Uncategorized |

LPG prices fall in Pakistan


February 12th, 2012 - 8:54 am ICT by IANS
Islamabad, Feb 12 (IANS) The prices of liquefied petroleum gas (LPG) fell by about Rs.3 to about Rs.128 per kilogram in the country.Chairman of All Pakistan LPG Distributors Association Abdul ... Read more...

Posted in South Asia |

ONGC’s third quarter net profit down five percent


February 8th, 2012 - 8:14 pm ICT by IANS
Mumbai, Feb 8 (IANS) Oil and Natural Gas Corporation (ONGC) Wednesday reported a 4.82 percent decline in its net profit for the quarter ended Dec 31, 2011 at Rs.6,741.41 crore ... Read more...

Posted in Business |

Policy on import of jet fuel silent on logistics: Experts


February 7th, 2012 - 7:59 pm ICT by IANS
New Delhi, Feb 7 (IANS) Airlines welcomed the decision of a ministerial panel to allow direct import of fuel, but aviation experts said several questions remained unanswered, particularly on ... Read more...

Posted in Business |

Oil firms halt, resume fuel supplies to Air India


February 2nd, 2012 - 10:19 pm ICT by IANS
New Delhi, Feb 2 (IANS) Jet fuel supplies to cash-strapped Air India were halted for three hours by the three state-run oil marketing companies Thursday but resumed following government intervention.An ... Read more...

Posted in Business |

Jet fuel price cut by Rs.1,974 a kilolitre


January 31st, 2012 - 9:09 pm ICT by IANS
New Delhi, Jan 31 (IANS) State-owned oil marketing companies (OMCs) Tuesday cut aviation fuel prices by Rs.1,974.29 or 3.04 percent a kilolitre (kl), effective from midnight Wednesday, as an ... Read more...

Posted in Business |

RBI wants government to deregulate diesel price


January 24th, 2012 - 8:47 pm ICT by IANS
Mumbai, Jan 24 (IANS) The Reserve Bank of India (RBI) Tuesday suggested that the government deregulate the price of diesel fully to help contain aggregate demand and the trade deficit ... Read more...

Posted in Business |

Jet fuel price cut by Rs.622 a kilolitre


December 31st, 2011 - 10:43 pm ICT by IANS
New Delhi, Dec 31 (IANS) State-owned oil marketing companies (OMCs) slashed the jet fuel rates by Rs.622.33 or 1.05 percent a kilolitre (kl), effective from midnight Saturday, as crude ... Read more...

Posted in Business |

Oil firms cut jet fuel prices by 1.38 percent (Lead)


December 15th, 2011 - 10:04 pm ICT by IANS
New Delhi, Dec 15 (IANS) State-owned oil marketing companies (OMCs) Thursday pared jet fuel prices by 1.38 percent or Rs.833 per kilo litre (kl), effective from Dec 16.With this, ... Read more...

Posted in Business |

Energy subsidies unsustainable, reforms needed: Experts


December 13th, 2011 - 10:04 pm ICT by IANS
New Delhi, Dec 13 (IANS) Energy sector experts Tuesday warned the government that the current levels of subsidies for petroleum products were unsustainable and called for reforms in the segment ... Read more...

Posted in Business |

Petroleum sector contributes Rs.192,577 crore to exchequers


December 13th, 2011 - 8:11 pm ICT by IANS
New Delhi, Dec 13 (IANS) The petroleum and natural gas sector has contributed Rs.136,497 crore to the national exchequer and Rs.88,997 crore to the state coffers last fiscal, the government ... Read more...

Posted in Business |

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