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 |
Toll in Kerala tanker explosion rises to 14
September 1st, 2012 - 12:49 pm ICT by IANS
Kannur (Kerala) Sep 1 (IANS) The toll in the Liquefied Petroleum Gas (LPG) tanker explosion here went up to 14 Saturday.Authorities estimate the losses at Rs.5 crore in the explosion ... Read more...
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CAG critical of ONGC exploration performance
August 28th, 2012 - 6:05 pm ICT by IANS
New Delhi, Aug 28 (IANS) India's official auditor has hauled up public sector Oil and Natural Gas Corp. (ONGC) for inefficiency in its oil and gas exploration performance."ONGC did not place ... Read more...
Posted in Business |
No deregulation of diesel, kerosene, LPG prices
August 21st, 2012 - 8:18 pm ICT by IANS
New Delhi, August 21 (IANS) The government has no plans to deregulate diesel, cooking gas (LPG) and kerosene prices by withdrawing subsidy on them, Minister of State for Petroleum ... Read more...
Posted in Business |
Diesel under-recoveries of oil companies rise 14 percent
August 16th, 2012 - 9:04 pm ICT by IANS
New Delhi, Aug 16 (IANS) Under-recoveries of public sector oil companies on high speed diesel (HSD) for the second fortnight of August 2012 grew 14 percent, official data released Thursday ... Read more...
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ONGC reports Q1 net profit of Rs.6,078 crore
August 11th, 2012 - 10:29 pm ICT by IANS
New Delhi, August 11 (IANS) Public sector oil and gas producer ONGC Saturday reported a net profit growth of 48.4 percent at Rs.6,078 crore for the quarter ending June 30, ... Read more...
Posted in Business |
BPCL to take 21 percent stake in Kannur airport
May 4th, 2012 - 7:23 pm ICT by IANS
Thiruvananthapuram, May 4 (IANS) Bharat Petroleum Corporation Limited (BPCL), a public sector oil marketing company, will take 21 percent stake in the proposed airport in Kannur in north Kerala for ... Read more...
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Wipro leading IT service provider in Saudi Arabia
December 5th, 2011 - 10:44 pm ICT by IANS
Bangalore, Dec 5 (IANS) Global software major Wipro has emerged as a leading IT service provider in Saudi Arabia with a commanding position in the kingdom, the IT bellwether said ... Read more...
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Supreme Court not to meddle in fuel pricing (Lead)
November 18th, 2011 - 6:32 pm ICT by IANS
New Delhi, Nov 18 (IANS) The Supreme Court Friday declined to entertain a plea challenging the deregulation of prices of petroleum products, saying fixing of petroleum prices was a matter ... Read more...
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LPG distributors threaten shutdown over backlog
May 27th, 2011 - 9:46 pm ICT by IANS
Chandigarh, May 27 (IANS) LPG distributors in the country's northwest region have threatened a shutdown if public sector oil companies do not take immediate steps to clear the backlog of ... 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 |
No shortage of LPG during festive season, assures HPCL
October 25th, 2010 - 10:33 pm ICT by IANS
Mumbai, Oct 25 (IANS) There will not be any shortage of domestic cooking gas in the pre-Diwali season and temporary backlogs will be cleared by month end, public sector oil marketing company ... Read more...
Posted in Business |
Scrap fuel price deregulation, demands CPI-M
October 18th, 2010 - 3:14 pm ICT by IANS
New Delhi, Oct 18 (IANS) The Communist Party of India-Marxist (CPI-M) Monday asked the central government to scrap deregulation in petrol pricing, after public sector oil companies increased prices twice in the ... Read more...
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Petroleum ministry to award CWG medal winners
October 15th, 2010 - 11:12 pm ICT by IANS
New Delhi, Oct 15 (IANS) Indian sportspersons who won gold medals at the just-concluded Commonwealth Games will receive cash awards of Rs.10 lakh each, the petroleum ministry announced Friday. Silver medal winners ... Read more...
Posted in Uncategorized |
CBI raids HPCL, Dena Bank officials for Rs.65 mn fraud
August 19th, 2010 - 9:16 pm ICT by IANS
Mumbai Aug 19 (IANS) The Central Bureau of Investigation (CBI) Thursday raided the offices and residences of several high-ranking officials of a public sector oil major and a nationalized bank in connection ... Read more...
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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 |
RIL re-opens fuel retail network in Gujarat
August 10th, 2010 - 10:14 pm ICT by IANS
Gandhinagar, Aug 10 (IANS) Reliance Industries Tuesday reopened its fuel retail network across Gujarat and said it would do the same soon in other parts of the country to cash in on ... Read more...
Posted in Business |
Global tender soon for fibreglass cooking gas cylinders
August 5th, 2010 - 10:36 pm ICT by IANS
New Delhi, Aug 5 (IANS) Oil marketing companies have been asked to call for global tender to set up domestic manufacturing facility for fibreglass cooking gas cylinders, parliament was Thursday informed.
"The government ... Read more...
Posted in Business |
petrol decontrol positive for oil companies: Crisil
June 28th, 2010 - 8:59 pm ICT by IANS
New Delhi, June 28 (IANS) Credit rating agency Crisil said the decontrol of petrol price will positively impact the financial risk profiles of oil marketing companies.
However, given the sizeable under-recoveries that still ... Read more...
Posted in Business |
States asked to lower duties on petroleum fuels
June 21st, 2010 - 8:49 pm ICT by IANS
New Delhi, June 21 (IANS) In a bid to ease the burden of high fuel prices, Petroleum Minister Murli Deora has asked all states to reduce their levies on petrol and diesel, ... Read more...
Posted in Business |
Meeting of ministerial panel on fuel price hike postponed
June 15th, 2010 - 7:29 pm ICT by IANS
New Delhi, June 15 (IANS) A meeting of the empowered group of ministers (eGoM) set up to decide on a upward revision of fuel prices scheduled for Friday has been postponed. ... Read more...
Posted in Politics |
Decision on fuel price hike deferred
June 7th, 2010 - 11:17 pm ICT by IANS
New Delhi, June 7 (IANS) A decision on increasing the feul prices in the country was Monday deferred as an Empowered Group of Ministers' (EGoM) meeting, apprehending its possible inflationary impact, ... Read more...
Posted in Business |
McLeod expects biofuel project to bear fruit in a year
May 31st, 2010 - 10:31 pm ICT by IANS
Kolkata, May 31 (IANS) The world's largest tea producer McLeod Russel India Limited expects its investment in D1 Williamson Magor Biofuel Ltd to start bearing fruit within the next one year when ... Read more...
Posted in Business |
Cairn now puts Rajasthan oil field at 6.5 bn barrels (Lead)
March 23rd, 2010 - 7:45 pm ICT by IANS
New Delhi, March 23 (IANS) Energy major Cairn India Tuesday announced an increase in the total potential resource of its Rajasthan block to 6.5 billion barrels of oil equivalent (boe), which will ... Read more...
Posted in Business |
Centre approves introduction of fiber glass gas cylinder
March 11th, 2010 - 10:39 pm ICT by ANI
New Delhi, Mar 11 (ANI): The Union Government on Thursday said that it has given in principle approval for the introduction of translucent fiber glass LPG cylinder for domestic use.Replying to ... Read more...
Posted in National |
Deora welcomes union budget, justifies fuel price hike
February 26th, 2010 - 8:05 pm ICT by IANS
New Delhi, Feb 26 (IANS) Minister of Petroleum and Natural Gas Murli Deora Friday welcomed the budget and also justified the fuel price increase by the restoration of basic customs duty ... Read more...
Posted in Business |
HPCL plans to increase retail outlets
February 18th, 2010 - 10:13 pm ICT by IANS
Kolkata, Feb 18 (IANS) Public sector oil company Hindustan Petroleum Corporation Ltd (HPCL) plans to increase its retail outlets to 9,000 by next year from the current 8,500, a top company official ... Read more...
Posted in Business |
Oil pricing reforms essential to stabilise economy (Comment)
February 14th, 2010 - 12:41 pm ICT by IANS
By Sushma Ramachandran
Politics and economics rarely mix well. This has been highlighted in the case of energy pricing where good economics says fuel prices must be raised, but political will is ... Read more...
Posted in Business |
India asks Nigeria for more crude
January 26th, 2010 - 10:34 pm ICT by IANS
New Delhi, Jan 26 (IANS) India has asked Nigeria for more help in procuring crude, even as it promised to resolve outstanding issues related to its existing oil blocks.
Petroleum and Natural Gas ... Read more...
Posted in Business |
Deora meets Mukherjee on oil price hike, no decision taken
January 14th, 2010 - 8:32 pm ICT by IANS
New Delhi, Jan 14 (IANS) Finance Minister Pranab Mukherjee and Petroleum Minister Murli Deora, who met Thursday to discuss the proposed fuel prices hike, were unable to agree on the quantum ... Read more...
Posted in Business |
Public Sector Oil companies ask for compensation
January 14th, 2010 - 5:33 pm ICT by ANI
New Delhi, Jan 14 (ANI): Petroleum Minister Murli Deora, who met Union Finance Minister Pranab Mukherjee on Thursday to seek compensation for the public sector oil firms for their losses, said ... Read more...
Posted in Business |
Deora meets PM on fuel prices, no decision taken
January 13th, 2010 - 10:50 pm ICT by IANS
New Delhi, Jan 13 (IANS) Petroleum Minister Murli Deora met Prime Minister Manmohan Singh Wednesay evening to discuss raising prices of petroleum products, but no decision was taken.
Deora is now scheduled ... Read more...
Posted in Business |
Oil firms will suffer loss of Rs.45,478 cr this year: Deora
December 11th, 2009 - 8:42 pm ICT by IANS
New Delhi, Dec 11 (IANS) Public sector oil marketing companies will incur a loss of Rs.45,478 crore in 2009-10, Petroleum Minister Murli Deora has told the Parliamentary Consultative Committee of his ministry.
Chairing ... Read more...
Posted in Business |
Petro dealerships given to families of 26/11 martyrs
November 26th, 2009 - 10:18 pm ICT by IANS
Mumbai, Nov 26 (IANS) The government Thursday handed over letters of petro-product dealerships to families of the five uniformed men killed in the 26/11 Mumbai terror attacks.
Home Minister P. Chidambaram handed ... Read more...
Posted in Uncategorized |
Haryana tells oil firms to shift depots from residential areas
November 17th, 2009 - 4:28 pm ICT by IANS
Chandigarh, Nov 17 (IANS) Concerned over the devastation caused by the recent oil depot fire near Jaipur, the Haryana government has asked leading public sector oil companies to review and shift their ... Read more...
Posted in Business |