Saturday, Jul 13, 2024 | Last Update : 03:34 PM IST

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Maharashtra to move planned Saudi Aramco refinery after farmers protest

Stare-run oil companies and Saudi Aramco have teamed up to build the USD 44 billion refinery

19 Feb 2019 12:15 PM

IOC gets "green nod" for storage and distribution terminal in Telangana

The proposal involves setting up petroleum storage and distribution terminal.

17 Feb 2019 2:20 PM

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 8:46 AM

ONGC not in a hurry to offload stake in IOC, GAIL

ONGC holds 13.77 per cent stake in oil refiner IOC and 4.86 per cent in gas utility GAIL India.

02 Oct 2018 2:29 PM


India to pay in rupees for Iranian oil

India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.

20 Sep 2018 6:29 PM

Adani, IOC, BPCL, Torrent big winners of city gas licences

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities.

17 Sep 2018 1:53 PM

IOC to invest Rs 286 cr to expand LPG bottling output in north-east India

Company currently has 10 bottling plants across north east and these are functioning at over 100 pc utilisation rate.

29 Aug 2018 2:37 PM

Saudi Aramco, ADNOC can't export Ratnagiri refinery fuel without PSU's consent

India has a refining capacity of 232.066 MT, which exceeded the demand of 194.2 MN in 2016-17.

15 Aug 2018 2:41 PM

IOC, BPCL, Adani top bidders for city gas licences

The 9th bid round was being held on changed parameters after one paisa bids spoilt the initial auction rounds.

19 Jul 2018 2:36 PM


Fuel rates remain unchanged for second day in row

The petrol prices in other metro cities are - Rs 79.51 in Kolkata, Rs 84.22 in Mumbai and Rs 79.76 in Chennai.

18 Jul 2018 11:47 AM

Fitch says IOC's net debt levels to rise due to large capex

Fitch expects IOC's capex to remain high to upgrade refineries to meet new emission standards.

16 Jul 2018 3:49 PM

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM

Fuel prices may rise as Saudi Arabia won’t allow glut

Oil cos say no government directive to defer price hike.

12 Apr 2018 1:43 AM

Oil companies say no directive from govt to defer price hike

Shares of IOC fell as much as 7.6 per cent after the news of government asking oil firms to not raise prices broke.

11 Apr 2018 7:45 PM


BPCL, IOC shares fall up to 4 per cent on GAIL stake buy buzz

State-owned IOC and BPCL may buy 26 pc stake each in GAIL India Ltd, paying govt over Rs 20,000 crore each.

19 Mar 2018 6:02 PM

After Rs 76.5 per cylinder hike, oil cos skip LPG price revision

Non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1.

11 Dec 2017 9:58 AM

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

Shift to five-year contracts would give millions of dollars in tanker contracts to the Indian carriers.

04 Dec 2017 3:44 PM

IOC defers Paradip refinery shutdown to March-April

Plan to defer turnaround at Paradip is aimed at helping co meet govt-set crude processing targets.

20 Oct 2017 5:11 PM

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sep 2017 3:30 PM