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India calls for ceasefire, hostage release; hails Gaza peace plan

 India has called for a ceasefire, release of all hostages, and peaceful resolution of the Israel-Hamas conflict through dialogue and diplomacy, and New Delhi welcomed the agreement on the first......

India's Crude Imports Could Face Problems in 2025

 However, copious oil supplies amid growing global output and slowing Chinese oil consumption will put India in a better bargaining position with Gulf suppliers. Kindly note the image has only been......

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

 The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent......

Street remains optimistic about further gains in OMCs

 After a spike in crude oil and gas prices in October following the Hamas terror attack, prices eased down 9 per cent month-on-month in November. Photograph: Francis Mascarenhas/Reuters The......

BPCL, Indian Oil to revive premium petrol brands on excise cut

 After a hiatus of nearly two years, branded petrol has again begun flowing in the retail market. The reduction of central excise duty on branded petrol, from Rs 7.50 a litre to Rs 2.35 a litre, has......

Oil ministry mulls reinstating subsidised LPG prices

 The ministry of petroleum and natural gas is evaluating a threshold at which the subsidy on liquefied petroleum gas (LPG or cooking gas) will be reinstated. According to a senior government......

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