Petrol price hiked by Rs 3.96 per litre; diesel by Rs 2.37 per litre
In one of the steepest hike of fuel prices, oil companies on Thursday hiked the price of petrol by Rs 3.96 a litre and that of diesel by Rs 2.37 a litre, to be effective Friday.
Apr 30, 2015, 22:10 PM IST
Govt exempts ONGC, OIL from LPG subsidy payments
In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra said Tuesday.
Apr 21, 2015, 14:53 PM IST
Oil cos suffer inventory loss of Rs 30K cr on price slump: FM
Finance Minister Arun Jaitley Thursday defended petrol and diesel pricing policy of state-run firms, saying they had suffered an inventory loss of Rs 30,000 crore this fiscal on falling international oil rates.
Feb 26, 2015, 21:50 PM IST
Oil retailers to open 35,600 new outlets in next 3 years
The country has 51,870 petrol pumps with Indian Oil Corp (IOC) being the market leader with 23,993 outlets, followed by Hindustan Petroleum Corp Ltd (HPCL) with 12,869 pumps and Bharat Petroleum Corp Ltd (BPCL) with 12,123 outlets.
Jan 20, 2015, 18:07 PM IST
Oil-company rally snaps 5-day losing streak
Oil prices jumped yesterday after the International Energy Agency predicted drillers would cut production this year. Exxon Mobil, Chevron and other energy companies led all 10 sectors of the Standard & Poor's 500 index to gains, climbing 3 percent.
Jan 17, 2015, 17:00 PM IST
SpiceJet says did not receive any credit from oil companies
The cash-strapped budget carrier had presented a revival plan to the Civil Aviation Ministry late last month, but it was told to submit a revised comprehensive plan with more details.
Jan 08, 2015, 00:15 AM IST
Jet fuel rates cut sharply by 12.5%
Jet fuel (ATF) rates were Thursday slashed by a steep 12.5 percent, the sixth straight reduction in prices since August, as international oil prices slumped to five-year low levels.
Jan 01, 2015, 15:06 PM IST
SpiceJet presents revival plan to government
Struggling budget carrier SpiceJet has presented a revival plan to the government, which will be discussed with oil companies and banks before taking a final decision regarding the airline, official sources said Monday.
Dec 22, 2014, 22:37 PM IST
SpiceJet resumes normal operations
The operations of the budget carrier SpiceJet, which were hit severely last week due to the non-payment of dues to the oil companies and regulatory issues, returned to normal Saturday with the airline operating 124 flights till this afternoon.
Dec 20, 2014, 17:44 PM IST
Oil firms supply fuel to SpiceJet on cash payment
After a brief hiatus, oil companies on Wednesday began supplying jet fuel to Spicejet after the troubled airline paid cash for the purchases.
Dec 17, 2014, 17:12 PM IST
'Diesel deregulation, gas price to have positive impact on oil companies'
Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, says a report by Fitch Ratings.
Dec 17, 2014, 14:27 PM IST
Will supply fuel only on immediate payment: Oil companies to SpiceJet
With troubled SpiceJet having grounded its flights, oil companies have made it clear the budget carrier will get fuel only on immediate payments, as the airline is on 'cash and carry' mode.
Dec 17, 2014, 13:00 PM IST
More than $150 bln of oil projects face the axe in 2015
Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.
Dec 05, 2014, 09:56 AM IST
Petrol price cut by 91 paise/litre, diesel by 84 paise
In Delhi, petrol price will cost Rs 63.33 a litre as compared to Rs 64.24 per litre previously while in Mumbai the reduction will be 96 paise to Rs 70.95 per litre.
Nov 30, 2014, 18:05 PM IST
Petrol price cut by 91 paise a litre, diesel by 84 paise
State-owned oil companies on Sunday slashed the prices of perol and diesel by 91 paise and 84 paise respectively, to be effective from midnight tonight.
Nov 30, 2014, 17:37 PM IST
IOC's credit profile to improve: Moody's
State-run Indian Oil Corp, which posted weak financial results for the July-September quarter, will see improvement in its credit profile because of diesel price deregulation and falling crude oil rates, Moody's has said.
Nov 24, 2014, 18:18 PM IST
Oil cos' losses on sale of LPG, kerosene up 35%
Losses on sale of subsidised fuel have risen by 35 percent to Rs 188 crore per day even though oil firms have been losing less per unit on LPG and kerosene because of fall in international oil rates.
Nov 03, 2014, 19:54 PM IST
Petrol price cut by Rs 2.41/litre, diesel rate lowered by Rs 2.25
Petrol will cost Rs 64.25 a litre in Delhi from Saturday as against Rs 66.65 currently. In Mumbai, the rate will be cut by Rs 2.55 a litre to Rs 71.91.
Oct 31, 2014, 21:30 PM IST
Petrol price cut by Rs 2.41, diesel by Rs 2.25 from midnight
Petrol price has been cut by Rs 2.41 a litre whereas the price of diesel has been slashed by Rs 2.25 per litre.
Oct 31, 2014, 16:28 PM IST
Petrol, diesel prices likely to be cut by Rs 1.50-2.50 on Oct 15
With the price of international crude oil falling to over a two-year low of USD 88 per barrels, oil companies in India are likely to slash the prices of petrol and diesel by Rs 1.50-2.50 from October 15.
Oct 13, 2014, 17:40 PM IST
