After Reliance Industries Ltd and its partner bp plc of the UK, Nayara Energy - the nation's largest private fuel retailer - has started selling petrol and diesel at Re 1 less than the fuel sold by state-owned retailers, officials said. While state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) continue to hold prices despite a drop in international rates, private fuel retailers have started passing on the benefit to consumers. "To further stimulate domestic consumption and cater to local customers better, we have introduced a Re 1 discount in our retail outlets until the end of June 2023," a spokesperson for Nayara Energy said.
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
Railway tickets can now be booked at select Indian Oil petrol pumps and LPG stations, following an agreement between IOC and Indian Railway Catering and Tourism Corporation in this regard.
The entire selection process of the IOC chairman was shrouded in mediocrity and mystery.
Left cornered after being served an ultimatum by the International Olympic Committee, the Indian Olympic Association is all set to amend its constitution in a general body meeting in New Delhi on Sunday to bar charge-framed contestants from its elections.
Rana hardly minced words as he questioned the federation's tendency to make last-minute changes to its policy, and its stubborn refusal to acknowledge or facilitate the presence of shooters' personal coaches at national camps and trials.
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
Germany's Thomas Bach was elected president of the International Olympic Committee (IOC) on Tuesday, succeeding Belgian Jacques Rogge and maintaining a European stranglehold on the most powerful position in world sport.
The International Olympic Committee's decision to reject calls to ban all Russian competitors from the Rio Olympics could lead to "lesser protection for clean athletes," the World Anti-Doping Agency (WADA) said on Sunday.
'We need more support from states to back budding talents from not-so-affluent families.'
Indian Oil Corporation on Monday said there was no shortage of LPG even as it claimed it was checking against diversion of cooking gas for unauthorised use.
Shooter Saurabh donates Youth Olympics gold-clinching pistol to IOC Museum
Fast food chain McDonald's and the International Olympic Committee (IOC) are close to agreeing a new, eight-year sponsorship contract and the deal could be sealed this month.
International Olympic Committee refused to change its stance on barring charge-sheeted persons from contesting Indian Olympic Association elections, saying that entertaining IOA's objections would amount to undermining the Olympic charter.
A shock International Olympic Committee (IOC) decision to remove wrestling from the 2020 Olympic Games programme and then include it in a shortlist of sports for those Games was no mistake, IOC president Jacques Rogge said on Friday.
A scam-tainted Suresh Kalmadi escaped the International Olympic Committee's wrath by deciding to 'suspend' himself as IOA President, according to a top IOA official.
Indian Oil Corp, the country's largest oil firm, has opened its first petrol station in Mauritius, making it the second country after Sri Lanka where IOC has begun fuel retailing outside India.
Russian whistleblower Yulia Stepanova may be in danger after her revelations on doping in her country that triggered a massive scandal and forced her to flee, but it is not the International Olympic Committee's responsibility, the IOC said on Saturday.
The International Olympic Committee said on Thursday it saw no reason to doubt assurances from Tokyo about the legitimacy of payments made during its successful bid to host the 2020 Games.
Buoyed by the record medal haul at the Hangzhou Asian Games, Indian Olympic Association (IOA) president PT Usha on Sunday supported the government's plan to place a proposal to host the 2036 Olympics.
Russia will be asked to observe a ceasefire in Ukraine during the Paris Olympics, French President Emmanuel Macron said.
Indian Oil Corporation and its partner Oil India Ltd have won an oil block in Libya in the first ever joint foray in oil and gas exploration overseas.
Deutsche Bank has chosen Indian Oil Corp as one of the top global stock picks in the oil and gas sector.
With the Petroleum Ministry opposing disinvestment of IOC in the market, government is exploring the option of selling its shares to other oil PSUs like ONGC and OIL.
N G Kannan, director (marketing), Indian Oil Corporation, has taken over as the managing director of petro-retailer IBP Co Ltd.
The Indian Olympic Association will not abide by Sports Ministry's direction to reply to the show-cause notice by Friday on the controversial elevation of Suresh Kalmadi and Abhay Singh Chautala as life presidents as it will first consult its parent international body.
The International Olympic Committee has told the Indian Olympic Association to sack "charge-framed" officials through constitutional amendments by October 31 and conduct fresh elections by December 15 if it wants to return to the Olympic fold.
Individual Russian track and field athletes assessed as clean will be able to compete for their country in Brazil, the Olympic Games' top official said on Tuesday, diluting a blanket ban the sport's global federation had called for.
Singapore's Ng Ser Miang is expected to announce a bid for the International Olympic Committee (IOC) presidency on Wednesday, a source close to the Olympic movement told Reuters on Tuesday.
The government has approved the merger of fuel retailer IBP Co Ltd with IOC in an amalgamation that would provide the state-run refiner improve profits and allow the new entity to compete against private firms and multinationals.
