State-run Indian Oil Corporation, the country's largest oil refining and marketing firm, today sought a Rs 5.18 per litre hike in the price of diesel and Rs 4.59 per litre increase in petrol prices mainly due to the surge in global crude oil prices.
State-owned Indian Oil Corporation plans to import about 0.7 million tonnes of ultra low sulfur petrol and diesel in February and March to meet the April 1 deadline for supply of green fuels in the country.
The principles are a departure from Rule 50 of the Olympic Charter that stipulates "no kind of demonstration or political, religious or racial propaganda is permitted in any Olympic sites, venues or other areas".
Launching a fresh attack on the Bharatiya Janata Party, Congress leader Rahul Gandhi has said that the ruling party follows 'an ideology of hatred and violence', and at the heart of their ideology is 'cowardice'.
World champion Nikhat Zareen is keen to use the experience gained in the recently-concluded global event to qualify for the 2024 Olympics.
The United States and Britain had also called for China to provide proof of Peng's whereabouts.
Indian Oil Corporation, the country's largest oil firm on Monday reported the first ever net loss in its history and said the government freeze on fuel prices may impact its expansion plans including setting up of a new refinery at Paradip in Orissa.
While prices sustaining lower levels is crucial, Govt actions are also a key monitorable given the forthcoming elections in 2024.
Indian Oil Corporation, the country's largest refiner, on Monday reported a sharp 30 per cent drop in net profit for 2004-05 to Rs 4890 crore (Rs 48.9 billion) compared to Rs 7,005 crore (Rs 70.05 billion) in the previous fiscal.
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
Obed Hrangchal, a 28-year-old Indian Jew from Mizoram who immigrated to Israel in 2020, has won the Jewish state's kickboxing championship and is likely to represent the country in international competitions.
Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.
Indian Oil Corp is unlikely to bid for a share in six new pipelines being built by Reliance Industries to transport fuel from its refinery to its planned chain of petrol stations.\n\n\n\n
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