Reliance Industries, India's largest private fuel retailer, may cut petrol and diesel prices by about Re one per litre on Thursday in step with a fall in international oil prices.
Since August, petrol price has been cumulatively cut by Rs 9.36 per litre.
The ethanol blended with petrol needs to be of 99.99 per cent purity.
The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
The dealers claim that the oil marketing companies -- Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -- are rationing normal petrol and diesel to their retail outlets. As a result, premium fuels make up almost 50 per cent of the sales of the 410 outlets in Delhi. Oil companies add certain additives to normal petrol and diesel that offer better performance of vehicle engines.
Reliance Industries Ltd will sell 4.3 million tonnes of petroleum products from its 33 million tonnes Jamnagar refinery in Gujarat to public sector oil retailing companies in 2004-05.
Indian Oil Corporation, the country's largest petroleum product marketer, has already started selling only premium fuels in nearly 25 of the 50 fuel stations it has in Mumbai, and in almost 10 of 50 outlets in Delhi. Bharat Petroleum Corporation and Hindustan Petroleum Corporation are also planning to follow IOC's example.
Reliance had shut its 1,432 filling stations in March 2008 after sales dropped to almost nil as it could not match the subsidised price.
The strict curbs, including a curfew from 8 pm till 7 am, and prohibitory orders during the daytime on weekdays came into force from Monday in the state.
Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.
'It will cause problems for people who deal in small amounts of cash.' 'I hope it does not cause law and order problems.'
The Export Oriented Unit status of Reliance Industries' Jamnagar refinery in Gujarat has ended, allowing the company to sell petrol and diesel locally including through its 1,432 now-closed petrol pumps.
Ahead of assembly polls in states like Rajasthan and Delhi, Oil Minister M Veerappa Moily on Tuesday said his ministry is mulling withdrawing the order that made it mandatory for state public transport utilities to buy diesel at market price.
Journalist Chandan Mitra, who passed into the ages on Wednesday night, will be missed for his courage to go against the grain, mourns Dr Sudhir Bisht.
Bharatiya Janata Party MP Parvesh Verma, who is accused of making hate speeches, on Saturday said he would give his one-month salary each to the families of the policeman and Intelligence Bureau employee who were killed in the communal violence in northeast Delhi.
India's fuel sales surged past pre-pandemic levels in March on twin impact of the economy rebounding from the lifting of pandemic-related restrictions and anticipation of price increases leading to stocking. In the first two weeks of March, dealers, as well as the public, topped up their tanks in anticipation of an increase in prices that had been on hold in the run-up to the elections in states like Uttar Pradesh. While daily price revisions restarted on March 22, the increases were calibrated.
Manjunath, an Indian Institute of Management graduate, was killed allegedly at the behest of a petrol pump owner in Lakhmipur-Kheri district after he detected adulteration in petrol.
Earlier, the administration had announced a 24-hour curfew on May 2 and 3 and asked Khargone residents to celebrate the Eid-al-Fitr and Akshaya Tritiya festivals at home.
After Delhi, CNG price in Mumbai has been hiked by Rs 1.50 per kg and the rate of cooking gas piped to houses by Re 1 due to rise in input costs. Mahanagar Gas Ltd, which retails CNG to automobiles and piped natural gas to households for cooking purposes in Mumbai and surrounding cities, said the increased prices will come into effect from the intervening night of July 8 and 9.
Manjunath was shot dead by Mittal's men.
Two people were injured when a car belonging to the Israeli embassy exploded in Delhi on Monday evening. The blast took place at a petrol pump, near Prime Minister Manmohan Singh's residence at 7, Race Course Road
Under the partnership, IOC's rural petrol pump outlets -- Kisan Seva Kendras -- will act as the bank's Business Correspondents, HDFC Bank said in a statement.
The wife of martyr Lance Naik Hemraj was duped of Rs 10 lakh, in the presence of her brother-in-law and a relative, near a petrol pump in the outskirts of Kosi town area, police said. In her complaint, Dharmvati, the widow of Hemraj, said one Amit Kumar, who claimed that he was an army officer and had been sent by the army headquarters, approached her at Shernagar village on Friday.
Bharatiya Janata Party Member of Legislative Council Ashok Kumar Agrawal charged with the killing of an employee of a petrol pump owned by him at Mirchaibari in the town, has been arrested.
With the Road Transport Corporation buses already on strike since last six days, auto rickshaws also going on two day strike from Saturday, and petrol pumps shutting their doors the people in Telangana were left with out any means of travelling.
Normal life in the Kashmir Valley was severely affected due to a strike call given by hardline Hurriyat Conference leader Syed Ali Shah Geelani against the continued arrests of youths.
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre while domestic cooking gas prices were increased by Rs 50 per cylinder, ending an over four-and-half month election-related hiatus in rate revision, sources said. Petrol in Delhi will now cost Rs 96.21 per litre as against Rs 95.41 previously while diesel has gone up from Rs 86.67 per litre to Rs 87.47. Simultaneously, the price of a non-subsidised LPG cylinder has been increased to Rs 949.50 for each 14.2-kg bottle in the national capital.
The curfew has been relaxed in Guwahati from 9 am to 4 pm and in Dibrugarh from 8 am to 2 pm. Schools and offices remain shut.
Union Minister Jitendra Singh on Monday met the family of martyred soldier Hemraj and announced that the government will provide Rs 46 lakh compensation to the slain jawan's kin.
The town of about 70,000 people in the south-central region of Tamil Nadu has been getting many new visitors since December 31, led by the police and income tax (I-T) department. The attraction is a resident named T M Ramalingam, found with what appear to be international bills of exchange worth Rs 27,000 crore.
The murder of ace crime reporter J Dey has once again put Maharashtra's nefarious oil mafia under the scanner. Through various criminal acts, the men behind the racket have proved that they are no strangers to violence.
The Jammu and Kashmir administration has approved a proposal to authorise departmental stores to sell beer and other ready-to-drink (RTD) beverages in urban areas, an official said.
These notes can be used at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds, petrol pumps, metro rail tickets, purchase of medicines on doctor prescription from the government and private pharmacies, LPG gas cylinders, railway catering, electricity and water bills and ASI monument entry tickets. Highway toll has been scrapped till November 14.
Oil companies choose to skip the revision this time.
Life in Kashmir Valley came to a standstill on Saturday as people observed "civil curfew" called by separatist coordination committee to protest against Prime Minister Manmohan Singh's visit and use of force by security personnel against peaceful demonstrators.
Bollywood celebrities took to Twitter to vent their ire over the steepest ever hike in petrol prices.
Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft.
Petro retailer IBP Co Ltd said on Thursday that it will invest Rs 528 crore (Rs 5.28 billion) in expanding its retail petrol pump network in 2004-05 and launch a pilot project for use of LNG in automobiles directly.
Centre and state governments are steadily increasing excise duties and value-added tax
BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.
