Oil cos not to recoup losses arising from Re 1/ltr subsidy on petrol, diesel
IOC along with Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.
Jan 03, 2019, 10:59 AM IST
ONGC may acquire HPCL in $6.6 bn deal
Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government`s plan to create an integrated public sector oil entity.
Feb 27, 2017, 09:51 AM IST
Sensex ends higher for third session; oil refiners gain
Indian shares ended higher on Friday, posting a third straight session of gains, as lacklustre U.S. data helped ease investors` fears over the likelihood of an interest rate hike by the Federal Reserve next week.
Sep 16, 2016, 16:05 PM IST
HPCL shuts Mumbai refinery unit, imports gasoline, executive says
Hindustan Petroleum Corp Ltd shut a unit at its 130,000 barrels per day (bpd) refinery in Mumbai last week due to a technical glitch, and has since been importing gasoline, the head of its refineries told Reuters on Friday.
Sep 09, 2016, 14:30 PM IST
Reliance Industries rated among top 10 global oil companies
India's Reliance Industries has been ranked 8th among top 10 global oil companies, according to a new survey released Thursday.
Sep 08, 2016, 10:01 AM IST
IOC, BPCL clinch deal with RIL, Essar to restart diesel buy
New Delhi: State-owned IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms.
Jun 07, 2016, 17:58 PM IST
India to pay another $700 mn to Iran on Oct 12
India will pay the second tranche of USD 700 million to Iran to clear part of past oil dues on Oct 12 since the dilution of trade sanctions by the US and five other world powers in July. In an accord, Iran had agreed to restrict its nuclear programme in exchange of easing of sanctions, which had crippled its oil economy.
Oct 04, 2015, 11:04 AM IST
India pays $400 million in oil dues to Iran
India on Tuesday paid Iran USD 400 million to clear part of its past dues for crude oil its buys from the Persian Gulf nation and will pay another USD 500 million by the month end.
Oct 21, 2014, 19:13 PM IST
Fuel cos absorbed Rs 26.6K cr losses on sales in 5 yrs: OilMin
With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.
Oct 02, 2014, 18:39 PM IST
