The dealers are protesting against the use of petrol pumps for government campaigns and seeking of personal data of over a million people working there
Indian Oil Corporation will fund restoration of the Sun temple at Konark in Orissa, Minister for Tourism and Culture Ambika Soni said on Tuesday.
To help them make up for the revenue lost on selling auto and cooking fuel below cost.
Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.
The government had in January authorised state-owned oil firms to hike diesel prices by small doses of up to 50 paisa per litre every month.
The Rs 3-trillion West Coast or Nanar refinery has all the potential to become India's flagship petrochemicals project, with the planet's largest oil producer Saudi Aramco as its biggest shareholder. Yet the locals don't see the plant as a harbinger of better times.
'I am a gadha (donkey)! But God has been on my side and I have managed to produce players,' Dronacharya Awardee Merzban Patel tells Laxmi Negi/Rediff.com.
Apart from this, state refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.
Two persons were killed in the major fire in storage tank number four of Indian Oil Corporation terminal in Hazira , Surat, which was contained after a 21-hour operation by the fire brigade team, officials said Sunday.
Prime Minister Modi appreciated the vision of Putin for the welfare for Russia's Far East, saying the Russian President has opened up investment opportunities for India in the region.
A rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in price of petrol with effect from midnight tonight, said a statement by Indian Oil Corporation.
The former beat Railways 1-0 while PSB blanked Chandigarh 2-0 in the Super League of the National hockey championship.
The bomb was kept in a bag in front of the gate of the refinery in Noonmati area of the city, police said.
Punjab and Sind Bank will take on Services in the first Super League match of the 62nd Senior\nNational Hockey Championship at the Surjit hockey stadium in Jalandhar on Saturday.
In a tweet, Modi said India is 'delighted to welcome' the Crown Prince of Saudi Arabia.
In the Fortune 500 list of Indian companies, 83 are owned by the government, 370 are private sector firms and 47 are foreign owned.
The oil companies will meet on Friday for the review meeting on pricing in which petrol price could be increased by Re 1 and diesel prices by 50 paise by this weekend.
IOC has asked consumers to book LPG refill through IVRS or SMSes so that refills reach genuine users.
It also expressed confidence that the cleaning operation will be finished in a couple of days.
Petrol price has been reduced four times since March.
#GiveItUp but no matching LPG connections for BPL
IndianOil Corp Ltd, for instance, saw a growth of around 22 per cent in volumes and nearly two per cent in its market share. It traded nearly 10,517 million tonnes (mt) of auto gas in December against 8,593 mt of auto gas in September.
Cash strapped Sri Lankan unit of Indian Oil Corporation on Tuesday announced it will not replenish stocks unless the Sri Lankan government moved to settle a disputed Rs7.44-billion subsidy claim.
'If Indians are as smart as their counterparts in university, and have equal opportunity, then what is the reason that we cannot produce inventions of quality that are recognised by the world?'
IndianOil targets monthly 5,000-tonne polypropylene exports
The increase in rates announced by oil firms is excluding state levies and the actual hike will be higher.
Petroleum and Natural Gas Regulatory Board in its July 2 order imposed a cost of Rs 100,000 on the three private fuel retailers who filed a complaint against Indian Oil, Bharat Petroleum and Hindustan Petroleum for indulging in 'restrictive and unfair trade practices and cartelisation'.
Indian Oil Corporation is India's biggest company by revenue.
A major fire broke out on Saturday at a petrol storage tank of state-owned Indian Oil Corp's Hazira terminal in Gujarat.
Now, non-subsidised liquefied petroleum gas price is hiked by Rs 26.5 per 14.2-kg cylinder.
IOC sales rose to Rs 109,859.49 crore (Rs 1,098.59 billion) in Q2 from Rs 105,791.29 crore (Rs 1,057.91 billion) in the same period of 2012-13 fiscal, the company said in a filing to the stock exchanges.
State owned refiner Indian Oil Corporation has proposed merger of its subsidiaries Indian Oil Blending Ltd, IBP Co Ltd, Bongaigaon Refinery and Petrochemicals Ltd and Chennai Petroleum Corp Ltd with itself, Petroleum Minister Mani Shankar Aiyar said
Delayed compensation and rising working capital requirement force oil marketing firms like IndianOil to turn to borrowings.
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