oil firms

Move products by rail: Court to oil firms


September 20th, 2012 - 5:06 pm ICT by IANS
Kochi, Sep 20 (IANS) In the backdrop of a road accident last month in Kannur involving an LPG tanker, the Kerala High Court Thursday asked public sector oil companies to ... Read more...

Posted in Business |

Diesel price hiked by Rs 5, opposition slams ‘anti-people’ move (Roundup)


September 14th, 2012 - 12:01 am ICT by IANS
New Delhi, Sep 13 (IANS) In a politically-sensitive move, the government Thursday announced a hike in heavily-subsidised diesel price by Rs.5 a litre to check fiscal deficit and limited ... Read more...

Posted in Politics |

Government hikes diesel price by Rs.five a litre (Second lead)


September 13th, 2012 - 11:05 pm ICT by IANS
New Delhi, Sep 13 (IANS) The government Thursday announced a hike in diesel price by Rs.five a litre and restricted availability of cooking gas cylinders per family to six ... Read more...

Posted in Business |

Government hikes diesel price by Rs.five a litre (Lead)


September 13th, 2012 - 10:35 pm ICT by IANS
New Delhi, Sep 13 (IANS) The government Thursday announced a hike in diesel price by Rs.five a litre and restricted availability of cooking gas cylinders per family to six ... Read more...

Posted in Business |

Reserves to rise through 2030: Ecuador state oil firm


September 6th, 2012 - 11:32 am ICT by IANS
Quito, Sep 6 (IANS/EFE) Ecuadorian state oil firm Petroamazonas expects crude reserves at its fields in the Amazon region to climb by around 7 percent through 2030 thanks to a ... Read more...

Posted in Business |

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 |

Mexico makes large offshore oil find


August 30th, 2012 - 12:10 pm ICT by IANS
Mexico City, Aug 30 (IANS/EFE) Mexican state-owned oil giant Petroleos Mexicanos, or Pemex, has made a large deep-water light crude discovery in the Gulf of Mexico off the coast of ... 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 |

Rupee hits a new low of 55.47 against dollar


May 22nd, 2012 - 8:49 pm ICT by IANS
Mumbai, May 22 (IANS) The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased ... Read more...

Posted in Business |

Rupee dips below 55 against a dollar


May 21st, 2012 - 7:35 pm ICT by IANS
Mumbai, May 21 (IANS) The Indian rupee slipped to a record low of 55.05 against a dollar in the intra-day trade Monday, breaching a key psychological level, as importers, ... Read more...

Posted in Business |

Myanmar gas export revenue up


April 26th, 2012 - 12:52 pm ICT by IANS
Yangon, April 26 (IANS) Revenue from Myanmar's natural gas exports rose by $640 million to $3.5 billion in the fiscal year 2011-12.Natural gas from Yetagun and Yadana gas blocks mainly ... Read more...

Posted in South Asia |

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 |

Brazil calls on oil firms to operate responsibly


March 22nd, 2012 - 7:58 pm ICT by IANS
Rio de Janeiro, March 22 (IANS/EFE) Brazilian President Dilma Rousseff called on oil companies to operate responsibly and comply with all environmental regulations after a new crude leak was detected ... Read more...

Posted in Business |

Air India to get Rs.4,000 crore budget support for 2012-13


March 16th, 2012 - 5:49 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday proposed to pump in Rs.4,000 crore in equity into the ailing national carrier, Air India, in the next fiscal."Budgetary ... Read more...

Posted in Business |

Iraq nominates oil expert as OPEC chief


March 6th, 2012 - 10:39 pm ICT by IANS
Baghdad, March 6 (IANS) The Iraqi government has nominated ex-oil minister Tamer al-Ghadban for the post of the secretary general of the Organisation of Petroleum Exporting Countries (OPEC), an official ... 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 |

Government approves direct jet fuel import, Air India debt plan (Lead)


February 7th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 7 (IANS) An empowered group of ministers (EGoM) led by Finance Minister Pranab Mukherjee Tuesday allowed domestic airlines to directly import fuel and approved Air India's ... 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 |

Air India to change menu for short flights


January 31st, 2012 - 10:40 pm ICT by IANS
New Delhi, Jan 31 (IANS) National carrier Air India Tuesday said it will revise its on-board catering menu in the economy class section of short-haul domestic flights effective Feb 1."For ... Read more...

Posted in Business |

Government to pay Rs.150 crore dues to help Air India


January 17th, 2012 - 10:21 pm ICT by IANS
New Delhi, Jan 17 (IANS) the government Tuesday said it will pay Rs.150 crore ($29 million) in dues it owes to Air India to help the cash-strapped national carrier ... Read more...

Posted in Business |

No bailout for Kingfisher, Air India needs to shape up: Minister


January 11th, 2012 - 4:31 pm ICT by IANS
New Delhi, Jan 11 (IANS) Civil Aviation Minister Ajit Singh Wednesday ruled out any bailout package for Vijay Mallya promoted-Kingfisher which is under financial strain, and added that the ... Read more...

Posted in Business |

Air India board approves issue of preferential shares to lenders


December 29th, 2011 - 11:21 pm ICT by IANS
New Delhi, Dec 29 (IANS) National carrier Air India Thursday said that its board has, under its financial restructuring plan, approved the issue of preferential shares to be allotted ... 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 |

Oil firms increase jet fuel price by 3.70 percent


November 30th, 2011 - 11:09 pm ICT by IANS
New Delhi, Nov 30 (IANS) State-owned oil marketing companies (OMCs) Wednesday increased the prices of aviation turbine fuel (ATF) by 3.70 percent, effective from Dec 1.The ATF at Delhi's IGI ... Read more...

Posted in Business |

Petrol prices lowered by 65 paise a litre (Lead)


November 30th, 2011 - 10:53 pm ICT by IANS
New Delhi, Nov 30 (IANS) A fortnight after giving consumers relief for the first time in almost three years, India's fuel retailers again cut petrol prices Wednesday -- by 65 ... Read more...

Posted in Business |

Air India board to meet Tuesday


November 29th, 2011 - 3:25 pm ICT by IANS
New Delhi, Nov 29 (IANS) Cash-strapped national carrier Air India's board is to hold discussions Tuesday on the airlines' performance and a revival plan."The board is scheduled to meet ... Read more...

Posted in Business |

Air India owes Rs.43,777 crore: Ravi


November 24th, 2011 - 9:01 pm ICT by IANS
New Delhi, Nov 24 (IANS) National carrier Air India currently has a total debt of Rs.43,777 crore, including loans and dues it owes to vendors like oil firms and airport ... Read more...

Posted in Business |

Oil firms increase jet fuel price by two percent


November 15th, 2011 - 11:16 pm ICT by IANS
New Delhi, Nov 15 (IANS) State-owned oil marketing companies (OMCs) Tuesday increased the prices of aviation turbine fuel (ATF) by two percent, effective from Nov 16.The ATF at Delhi's ... Read more...

Posted in Business |

PM hints at further fuel hike if international prices rise


November 12th, 2011 - 11:22 pm ICT by IANS
By Manish Chand On Board Air India One, Nov 12 (IANS) Prime Minister Manmohan Singh Saturday indicated that the fuel prices may have to be hiked again if international oil prices ... Read more...

Posted in World |

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 |

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 |

Petrol hike will push diesel car demand: CSE


September 15th, 2011 - 11:53 pm ICT by IANS
New Delhi, Sep 15 (IANS) NGO Centre for Science and Environment said Thursday's petrol price hike will further push demand for diesel vehicles which, in turn, will have an adverse ... Read more...

Posted in Environment |

Vehicle owners aghast at another petrol price hike


September 15th, 2011 - 8:56 pm ICT by IANS
New Delhi, Sep 15 (IANS) Vehicle owners in the national capital were Thursday left aghast as oil firms effected yet another hike in petrol prices by more than ... Read more...

Posted in Business |

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