The government will pay Rs 25,000 crore (Rs 250 billion) additional cash subsidy to state-owned fuel retailers to make up for part of the revenue they lost on selling auto and cooking fuel below......
Losses on sale of diesel at government-controlled rates have hit a record Rs 19.26 a litre, sending state-owned oil companies scrambling for ways to cover the mounting losses. Diesel as well as......
State-run Bharat Petroleum Corp has offered to take Hindustan Petroleum Corp as equal partner in the Rs 6,354 crore (Rs 63.54 billion) Bina refinery in Madhya Pradesh."We are willing to offer HPCL......
Bharat Petroleum Corp, Hindustan Petroleum Corp and IBP will turn financially sick by next year as losses arising from freeze on fuel prices are set to erode their net worth, according to oil......
India's Reliance Industries may bid for a stake in state-run oil refiner Hindustan Petroleum Corp Ltd, RIL chairman Mukesh Ambani said on Friday."Yes. Sure," Ambani told reporters, when asked......