News for 'indian-oil'

12th hike, petrol, diesel to cost more

12th hike, petrol, diesel to cost more

Rediff.com18 Jun 2020

In 12 hikes, petrol price has gone up by Rs 6.55 per litre and diesel by Rs 7.04 a litre.

Petrol, diesel prices hiked for 3rd consecutive day

Petrol, diesel prices hiked for 3rd consecutive day

Rediff.com9 Jun 2020

In all, petrol price has gone up by Rs 1.74 per litre and diesel by Rs 1.78 a litre in three days.

Air India passengers may face flight disruptions from Friday

Air India passengers may face flight disruptions from Friday

Rediff.com10 Oct 2019

The three oil PSUs have told Air India that if it did not make the monthly lump sum payment, they will stop fuel supply from October 11 at six major domestic airports.

Diesel price cut for first time in close to 6 months; petrol unchanged

Diesel price cut for first time in close to 6 months; petrol unchanged

Rediff.com3 Sep 2020

Diesel rates had gone up by Rs 12.55 a litre between June 7, when oil firms resumed revising prices in line with cost, and July 25.

Private players may now enter India's fuel retailing space

Private players may now enter India's fuel retailing space

Rediff.com23 Oct 2018

At present, India has 56,999 fuel outlets. Of those, only 6,276 are owned by private companies

How Tendulkar's guidance has helped Shaw

How Tendulkar's guidance has helped Shaw

Rediff.com24 May 2020

Sachin Tendulkar in numerous interactions with him has spoken more about mental aspects of batting rather than technical ones, said young opener Prithvi Shaw. The Mumbai youngster feels privileged that Tendulkar even now from his busy schedule takes time out to watch him practice.

Petrol @ new high: Rs 84.45 in Delhi, crosses Rs 91/ltr in Mumbai

Petrol @ new high: Rs 84.45 in Delhi, crosses Rs 91/ltr in Mumbai

Rediff.com13 Jan 2021

Petrol price on Wednesday touched a new high of Rs 84.45 per litre in the national capital after state-owned fuel retailers hiked prices after a five-day hiatus. Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies. In Delhi, petrol now costs Rs 84.45 per litre and diesel is priced at Rs 74.63. In Mumbai, petrol comes for Rs 91.07 a litre and diesel for Rs 81.34. This is the highest ever price of petrol in Delhi, while diesel is at a record high in Mumbai.

LPG subsidy for BPCL consumers to continue post-privatisation: Pradhan

LPG subsidy for BPCL consumers to continue post-privatisation: Pradhan

Rediff.com27 Nov 2020

LPG customers of Bharat Petroleum Corporation Limited (BPCL) will continue to get cooking gas subsidy post-privatisation of the nation's second-biggest fuel retailers, Oil Minister Dharmendra Pradhan said on Friday. "Subsidy on LPG is paid to consumers directly and not to any company. So the ownership of the company that sells LPG is not of any material consequence," Pradhan told PTI. The government gives 12 cooking gas (LPG) cylinders of 14.2-kg each to households in a year at a subsidised rate.

Ahead of assembly polls, oil companies hold back price hike in March

Ahead of assembly polls, oil companies hold back price hike in March

Rediff.com16 Mar 2021

Government-controlled oil-marketing companies (OMCs) have held back petrol and diesel price revisions for a week and are expected to continue doing so, ostensibly owing to political reasons. It appears that the Centre has informally conveyed to the three major OMCs to not revise fuel prices for the time being, two people in the government said. This informal directive follows the talks between the Centre and states on cutting taxes and bringing the auto fuels under the good service tax regime not fetching the desired results, so far.

Why India Inc's record-high Q3 earnings are misleading

Why India Inc's record-high Q3 earnings are misleading

Rediff.com24 Feb 2021

India Inc's quarterly net profit reached a record high of Rs 1.64 trillion in the third quarter ended December 31, 2020, mainly due to gains from higher commodity prices and a big swing in banks' earnings. The combined net profit of 3,323 listed companies that have declared results so far was up 68.6 per cent year-on-year (YoY). In comparison, earnings were up six times (534 per cent) in the second quarter and 6.5 per cent in the corresponding period last year.

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming in next 5 yrs

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming in next 5 yrs

Rediff.com18 Aug 2021

The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.

Assam floods: Hima Das donates half of her salary

Assam floods: Hima Das donates half of her salary

Rediff.com18 Jul 2019

Assam-based athlete Das shared a glimpse of her flood-stricken neighbourhood, and appealed big corporates and followers to contribute to the CM's Relief Fund.

Lesser-known firms set to make a mark in oil and gas sector

Lesser-known firms set to make a mark in oil and gas sector

Rediff.com22 Jun 2021

India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.

How Saudi terror attack has hit Indian kitchens

How Saudi terror attack has hit Indian kitchens

Rediff.com4 Oct 2019

A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.

Petrol price can come down to Rs 75 under GST: SBI economists

Petrol price can come down to Rs 75 under GST: SBI economists

Rediff.com4 Mar 2021

Petrol price can go down to Rs 75 a litre across the country if brought under the ambit of the Goods and Services Tax (GST), but there is a lack of political will, which is keeping Indian oil product prices at one of the highest in the world, economists at SBI said on Thursday.

7 Indian firms among world's biggest, Rajesh Exports beats ONGC

7 Indian firms among world's biggest, Rajesh Exports beats ONGC

Rediff.com21 Jul 2016

Indian Oil Corp is ranked highest at 161st in the Fortune 500 list.

Diesel at doorstep? Possible if OMCs' plan succeeds

Diesel at doorstep? Possible if OMCs' plan succeeds

Rediff.com29 Jul 2020

Oil marketing companies IOC, BPCL and HPCL have invited expressions of interest from start-ups that wish to be enrolled as fuel entrepreneurs for doorstep delivery of high-speed diesel through mobile petrol pumps.

First-time investor: 'I can afford only low-price stocks'

First-time investor: 'I can afford only low-price stocks'

Rediff.com12 Jan 2021

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Badminton: Satwik-Chirag, Sameer for Arjuna

Badminton: Satwik-Chirag, Sameer for Arjuna

Rediff.com2 Jun 2020

Besides, the BAI also recommended renowned National Institute of Sports (NIS)-certified coaches -- S Murlidharan and Bhaskar Babu -- for the Dronacharya Award.

India's fuel demand reaches 80-85% of pre-COVID levels

India's fuel demand reaches 80-85% of pre-COVID levels

Rediff.com16 Jun 2020

The demand, which had fallen by as much as 70 per cent, has since recovered after lockdown restrictions were eased beginning early May.

IOC to automate all petrol stations in 3 years

IOC to automate all petrol stations in 3 years

Rediff.com12 Nov 2014

Indian Oil till last month has automated more than 6,200 retail outlets and is planning to automate 7,500 more in the current fiscal across the country.

Petrol price at 2-yr high of Rs 83 per litre, diesel at 73.32

Petrol price at 2-yr high of Rs 83 per litre, diesel at 73.32

Rediff.com5 Dec 2020

Petrol price on Saturday breached the Rs 83 per litre-mark in Delhi for the first time in more than two years after a rally in international oil prices forced a 13th increase in rates in the last fortnight. Petrol price on Saturday was raised by 27 paise per litre and diesel by 25 paise, according to a price notification of oil marketing companies. Petrol price in Delhi rose to Rs 83.13 per litre from Rs 82.86. Diesel rates went up from Rs 73.07 to Rs 73.32 per litre.

Cyclical stocks to lead India Inc's earnings growth in fourth quarter

Cyclical stocks to lead India Inc's earnings growth in fourth quarter

Rediff.com16 Apr 2021

The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.

Govt to focus on LPG cost in next leg of Ujjwala scheme

Govt to focus on LPG cost in next leg of Ujjwala scheme

Rediff.com14 Apr 2021

With the price of a cylinder touching Rs 800, it's becoming increasingly unaffordable to an already price-sensitive population, threatening to risk one of the most-celebrated campaigns of the Modi regime, reports Twesh Mishra.

Armed forces launch Op CO-JEET to fight Covid in India

Armed forces launch Op CO-JEET to fight Covid in India

Rediff.com3 May 2021

"Under the CO-JEET" plan, personnel of the three wings of the armed forces -- the Army, the Indian Air Force and the Navy -- have been pressed into service to help restore oxygen supply chains, set up COVID beds and provide help to the civilian administration in its fight to control the pandemic," said the Lt General, whose post of deputy chief integrated defence staff (medical) comes under the Chief of Defence Staff.

Oil and gas price volatility likely to continue in 2021

Oil and gas price volatility likely to continue in 2021

Rediff.com4 Jan 2021

A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.

How India, Iran plan to bypass US oil sanctions

How India, Iran plan to bypass US oil sanctions

Rediff.com15 Oct 2018

'Indian and Iranian sources both confirmed to me that India and Iran are moving ahead to implement a payment system on buying oil from Iran and hope to finalise it very soon,' says Aveek Sen.

3 big-ticket divestments: Govt to sell stake in BPCL, SCI, Concor

3 big-ticket divestments: Govt to sell stake in BPCL, SCI, Concor

Rediff.com20 Nov 2019

At the same time, the Cabinet approved reducing government's stake in select PSUs such as IOC to below 51 per cent while continuing to retain management control.

Bihari 'jugaad': Cheaper Indian petrol smuggled in from Nepal

Bihari 'jugaad': Cheaper Indian petrol smuggled in from Nepal

Rediff.com23 Feb 2021

Soaring fuel prices give birth to a jugaad system in Bihar's border towns abutting Nepal with residents smuggling in India-supplied cheaper petrol and diesel from the mountain kingdom.

Free LPG reaches only 50% beneficiaries, shows govt data

Free LPG reaches only 50% beneficiaries, shows govt data

Rediff.com10 Jul 2020

Given that the target was to reach 80.34 million families under PMUY - within three months starting April 1 - the government should have distributed at least 241.02 million cylinders by the end of June. It actually ended up distributing only 119.7 million cylinders.

ASK AJIT: Stocks to hold or exit

ASK AJIT: Stocks to hold or exit

Rediff.com8 Dec 2020

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

World's largest greenfield refinery may finally see the daylight

World's largest greenfield refinery may finally see the daylight

Rediff.com11 Mar 2019

Estimated to cost $44 billion, the project was expected to be commissioned by 2025.

Jet fuel, petrol and diesel prices hiked

Jet fuel, petrol and diesel prices hiked

Rediff.com16 Jun 2020

This is the second straight increase in ATF price this month. Rates were hiked by a record 56.5 per cent (Rs 12,126.75 per kl) on June 1. Simultaneously, petrol and diesel prices were hiked for the 10th day in a row.

Despite Covid-19, India Inc combined profit at Rs 1.5 trn

Despite Covid-19, India Inc combined profit at Rs 1.5 trn

Rediff.com17 Nov 2020

Not surprisingly, equity investors are bidding-up stock prices across sectors and the broader market is now more valuable than pre-Covid levels.

'ICC guidelines banning use of saliva will be hard on bowlers'

'ICC guidelines banning use of saliva will be hard on bowlers'

Rediff.com7 Jun 2020

The ICC Cricket Committee, led by former India captain Anil Kumble, last month recommended a ban on using saliva on the ball as an interim measure to deal with the COVID-19 pandemic.

Nandigram: Will Dada trounce Didi?

Nandigram: Will Dada trounce Didi?

Rediff.com3 Mar 2021

Nandigram, 126 km south of Kolkata, is Suvendu Adhikari's bastion, where he has vowed to defeat Mamata Banerjee by 50,000 votes or quit politics.

Football great IM Vijayan recommended for Padma Shri

Football great IM Vijayan recommended for Padma Shri

Rediff.com17 Jun 2020

Hockey coach Ramesh Parameswaran applies for Dronacharya Award

How to get licence for selling petrol, diesel

How to get licence for selling petrol, diesel

Rediff.com4 Aug 2020

Govt's move will facilitate entry of global giants such as Total SA of France, Saudi Arabia's Aramco, BP Plc of the UK, and Trafigura's downstream arm Puma Energy.

Diesel to cost more, no change in petrol price

Diesel to cost more, no change in petrol price

Rediff.com15 Oct 2015

This is the second hike in diesel price this month.

Manjunath murder: 6 convicts handed life sentence

Manjunath murder: 6 convicts handed life sentence

Rediff.com11 Mar 2015

Manjunath (27), a sales officer with Indian Oil Corporation and a graduate from Indian Institute of Management, Lucknow, paid with his life for exposing an alleged petrol adulteration racket.