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Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Oil firms corner small fields in first auction

Oil fields went to smaller firms like Megha Engineering & Infrastructure,, Enquest Drilling and Nippon Power.

16 Feb 2017 4:59 PM IST

Heavy rush at a petrol pump following the demonetization of Rs 1000 anf Rs 500 notes, in Thane. (Photo: PTI)

First five cities chosen for daily petrol, diesel price change

State refiners currently revise fuel prices every fortnight to reflect volatility in currency and global oil markets.

12 April 2017 3:48 PM IST

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16.

Petrol, diesel prices to change every day from May 1

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

12 April 2017 2:15 PM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

What consumers need to know about daily price change

Prices of petrol, diesel will change every morning at 6 am and will be valid till 6 am of next morning.

16 Jun 2017 12:07 PM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM IST

Heads of prominent oil manufacturing firms in the country such as HPCL, IOC and BPCL have agreed to the scheme and issued circulars to dealers about it.

Centre to face fuel dealers' ire

The targeted dealer will be under the scanner of the oil company and three months after the first review.

27 Feb 2017 6:44 AM IST

Oil and gas is major contributor to countrys energy needs.

State-owned OMCs to be merged into one entity

Decision would come in backdrop of country struggling to raise local oil production and imports about 80 percent of its...

2 Feb 2017 12:14 PM IST

Heads of prominent oil manufacturing firms in the country such as HPCL, IOC and BPCL have agreed to the scheme and issued circulars to dealers about it.

BPCL seeks 70,000 tonnes petrol to plug supply gap

BPCL will shut a 100,000-barrel-per-day (bpd) crude unit for a month from July 29.

21 Jun 2017 3:22 PM IST

Tej Pratap Yadav

BPCL cancels Lalu son petrol station licence

The action was taken after Tej Pratap Yadav failed to convince the oil company regarding the ownership of the land where...

18 Jun 2017 1:38 AM IST

The transport industry involved in LPG products has been badly affected by demonetisation.

Cash crunch: Be ready for LPG cylinder shortage

Western India Bulk LPG Transport Association, even banks have not been able to provide sufficient liquidity to help...

4 Dec 2016 6:50 AM IST