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Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

OMCs to complete USD 10 bn overseas borrowing in one year: Fin Min

Till now OMCs were not allowed to raise ECB for working capital needs on a long-term basis.

4 Oct 2018 6:28 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

India will pay in rupees for Iran oil post-US sanctions

The Reserve Bank of India (RBI) has given its nod to Iranian Bank Pasargad to set up a branch in Mumbai.

1 Nov 2018 10:48 AM IST

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

Govt may ask oil cos to share LPG, kerosene subsidy burden: India...

Govt may ask upstream firms like ONGC to bear a part of the kerosene and LPG subsidies.

25 Jan 2018 4:12 PM IST

India has the highest retail prices of petrol and diesel among South Asian nations.

Govt's tacit diktat: Petrol price shouldn't breach Rs 75 in Delhi

In all, Rs 11.77 hiked duty on petrol per litre and that on diesel by 13.47 a litre.

13 April 2018 9:22 AM IST

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Oil companies defer decision to suspend fuel supplies to Air India

IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel supplies to Air India.

18 Oct 2019 10:44 AM IST

Maharashra CM Devendra Fadnavis

Maharashtra to move planned Saudi Aramco refinery after farmers...

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

19 Feb 2019 12:15 PM IST

Oil marketing companies shares drop 13%. (PTI Photo)

Oil marketing companies shares drop 13%, after hike in excise duty on...

Hindustan Petroleum Corporation Ltd shares tanked 13 percent, Bharat Petroleum plunged 9.99 percent and Indian Oil...

7 May 2020 9:24 AM IST

Diesel price on Monday scaled a new high after prices were hiked for the 22nd time in just over three weeks. (ANI Photo)

Fuel prices hiked after a day's pause; Petrol, diesel above Rs 80 in...

Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country

29 Jun 2020 11:19 AM IST

After 21 days of continuous hike, petrol and diesel prices stable today. (PTI Photo)

BREAKING NEWS: No hike in petrol, diesel prices after 21 days

Before the country entered the lockdown, average price of petrol and diesel in Delhi was Rs 69.60/ litre and Rs 62.30/...

28 Jun 2020 1:05 PM IST

Petrol price in the national capital on Friday crossed Rs 80 per litre mark. (PTI Photo)

Fuel prices hiked for 20th day; Petrol, diesel price crosses Rs...

Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a...

26 Jun 2020 11:12 AM IST

Diesel price in the national capital crossed the Rs 80 per litre-mark for the first time ever on Thursday. (PTI Photo)

Fuel prices hiked for 19th day, diesel remains higher than petrol in...

In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price hiked on 18 occasions and now totals...

25 Jun 2020 11:06 AM IST

Diesel price has surpassed the petrol as fuel rate hiked for the 18th day in a row. (PTI Photo)

Diesel now costlier than petrol in Delhi, fuel prices hiked for 18th...

In the 18-day period, petrol price increased by a cumulative Rs 9.41 per litre in the national capital, and diesel by Rs...

24 Jun 2020 11:38 AM IST