International oil and gas giant Royal Dutch Shell is all set to foray into distribution of Aviation Turbine Fuel, fuel for airplanes.
A litre of diesel will cost Rs 48.01 compared to Rs 49.31 at present
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
Government had last week issued bonds worth Rs 11,256.92 crore (Rs 112.56 billion) to three PSU oil marketing companies to compensate them for under-recoveries on selling petrol, diesel, domestic LPG and PDS kerosene in April-September 2007 period.
Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.
PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services
The Sensex zoomed past the 3,800-mark and closed with a gain of 65 points at 3,807.
Fuel stations operated by companies like Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation (IOC) are increasingly looking at co-branding and space-sharing to boost revenues.
If you are pressed for time, you could eat, shop, as well as service your car, or fill up diesel or petrol.
Petrol price was on Wednesday hiked by a steep Rs 3.38 per litre and diesel by Rs 2.67 a litre, reversing a two-month declining trend.
Steel baron Lakshmi N Mittal is eyeing to buy half of Hindustan Petroleum Corp's exploration arm Prize Petroleum for about Rs 200 crore (Rs 2 billion). Mittal, which made rapid advances in oil sphere this year first with a 49 per cent stake in HPCL's Bhatinda refinery and then partnering the state-run firm for a separate refinery on the east coast, is in talks with financial institutions to buy out their 50 per cent stake in Prize Petroleum.
The government owned oil companies have proposed to pay interim dividend for the financial year 2006-07
Oil and Natural Gas Corporation has been adjudged the greenest company in the country, while Reliance Industries has been ranked second in a survey conducted by Business Today-ACNielsen ORG-MARG.
Even as Minister of State for Petroleum Dinsha Patel has told the Rajya Sabha that new connections are easily available for genuine customers, householders all over India are facing an acute shortage of LPG cylinders.
The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
When the news of steel baron LN Mittal getting into the energy sector without his Indian exploration and production partner, Oil and Natural Gas Corporation surfaced, there was much speculation about whether the alliance was on the verge of a break-u
Officers of Central Public Sector Units will go an indefinite nationwide strike from December 22, demanding higher salaries and autonomy for the public sector.
Reliance Industries Ltd is seeking export-oriented unit status from the government for its existing 33 million tonne per annum refinery in Jamnagar.
Mittal, who is partnering HPCL for the project, will bring to the joint venture his vast expertise in project execution and unparalleled skills in managing governments.
The government has decided to go ahead with the privatisation of Hindustan Copper Ltd, setting aside concerns over the fate of units, which were partially nationalised.
The markets opened in red in line with weak Asian peers.
Israeli firm, Rapac Technology, has announced that its subsidiary, Orpak Industries, has won a contract to automate HPCL fuel stations in India, according to a media report.
There are about 23 oil refineries in India with a combined capacity of 230 million tonnes per annum.
Petrol price was on Saturday cut by Rs 0.50 per litre but there will be no change in rates of diesel.
All subsidies will be eliminated by March 2018
The markets opened in the positive terrain on the back of positive Asian cues
The markets opened in the positive terrain but slipped and are trading flat as selling was seen in banking and pharma stocks
The indices closed with losses for the week, with the Sensex declining 476.14 points, and the broader NSE Nifty falling 155.45 points during the period.
Mumbai Police has banned the use of flying lanterns during Diwali celebration in a bid to avert possible fire and security threats caused by them to high rise buildings.
Petroleum Minister Murli Deora will meet Finance Minister P Chidambaram next week to discuss a package to bail out public sector oil firms that have been suffering huge losses on account of selling fuel on discounted prices.
Several members of Parliament have opposed privatisation of public sector oil firms like IOC and have asked the government not to seek a review of the Supreme Court verdict halting privatisation of HPCL and BPCL, Petroleum Minister Ram Naik said.
Chanda Kochhar has been ranked as the most powerful woman in the Asia Pacific region by fortune magazine.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Oil and Natural Gas Corporation on Thursday said its investments for exploration of oil and gas in India and acquisition of overseas assets would be impacted if government increases the company's subsidy burden.
