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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

Oil and Natural Gas Corporation or ONGC is a state-owned entity.

ONGC to take control of HPCL to create larger oil sector entity

Government of India will transfer its majority shareholding (of 51.11 per cent in HPCL) to ONGC.

27 Feb 2017 12:51 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.

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

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Hindustan Petroleum receives clearance for RBPL

Fuel retailer has received environment clearance for RBPL project cost is Rs 230 crore.

9 Jun 2017 2:32 PM 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

Oil and gas is major contributor to countrys energy needs.

HPCL joins talks to buy stake in Russian oil fields

The investments have taken the total outlay in Russia this year to USD 5.46 billion.

26 Jun 2017 10:39 AM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

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 IST

File image of a man counting cash at a petrol pump.

No relief for Thane petrol pump owners

The HPCL issued show cause notices to the concerned petrol pumps.

14 Dec 2017 1:31 AM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC seeks access to data room to fix HPCL acquisition price

HPCL already has a data room and will give access to the same to ONGC if the seller (government) so desires.

12 Dec 2017 2:43 PM IST