Give private firms stake in ONGC fields: CEOs of oilcos to PM
Over a 3-hour long meeting, the CEOs also suggested including natural gas and electricity in the Goods and Services Tax (GST) regime to make these competitive.
Oct 09, 2017, 19:56 PM IST
Oil ministry slams petrol pump operators' move to close fuel outlets on Sundays
The petroleum ministry has denounced the decision of a section of petrol pump operators, mostly in South India, to keep outlets shut on Sundays, saying such a move will inconvenience the general public.
Apr 20, 2017, 19:15 PM IST
Non-subsidised LPG price increased by Rs 21 per cylinder
Oil firms on Wednesday hiked prices of non-subsidised LPG, which consumers buy after exhausting their quota of 12, by Rs 21 per 14.2-kg bottle.
Jun 01, 2016, 10:39 AM IST
ATF price hiked by 12%; non-subsidised LPG rate cut by Rs 61.5 per cylinder
Non-subsidised cooking gas (LPG) now costs Rs 513.50 in Delhi as against Rs 575 previously.
Mar 01, 2016, 20:37 PM IST
Oil service firms jostle for India orders amid global spending cuts
State-run Oil and Natural Gas Corp (ONGC) plans to boost its capital spending by more than a fifth to 362.49 billion rupees ($5.7 billion), in stark contrast to analysts` forecasts for energy firms globally to cut spending by a fifth in 2015.
Jul 09, 2015, 10:18 AM IST
Oil firms will decide on price revision: Pradhan
As per the practice of revising rates every fortnight, state fuel retailers were expected to announce a cut in petrol and diesel prices yesterday as global rates had fallen by about 4 percent. However, they skipped the revision.
Jan 16, 2015, 16:44 PM IST
Oil firms face Rs 10,000 cr inventory loss, depreciating rupee
Indian Oil Corp (IOC) and other state-run fuel retailers have piled up inventory loss of over Rs 10,000 crore which together with depreciating rupee has severely strained their finances ahead of a revision in petrol and diesel prices.
Dec 30, 2014, 18:12 PM IST
Govt to offload 5% stake in ONGC next month, may get Rs 18K cr
The government is likely to divest 5 percent stake in ONGC in the first week of November, which may fetch about Rs 18,000 crore to the exchequer, a top finance ministry official said today.
Oct 20, 2014, 14:14 PM IST
Govt oil subsidy bill to be cut by over 60% in FY15
With international oil prices dropping to multi-year lows, government's oil subsidy bill is likely to be slashed by over 60 percent in the current fiscal.
Oct 15, 2014, 17:40 PM IST
