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Ram Vilas Paswan

OMCs to install new device to check refill of fuel, gas: Paswan

These devices will be replaced with new ones in view of rising frauds at petrol/gas stations.

9 Sept 2017 5:17 PM IST

Indian Oil Corporation (IOC) plans to nearly double oil refining capacity to 150 mt by 2030.

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 IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Petrol, diesel prices cut for fourth consecutive day

Petrol price was cut by 25 paise a litre and diesel by 17 paise.

21 Oct 2018 1:15 PM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Govt may not burden OMCs further with fuel subsidy

The market capitalisation of six large oil companies has falled by Rs 1.2 lakh crore.

12 Oct 2018 8:57 AM IST

Hindustan Petroleum also fell to its 52-week low of Rs 165.45, down 25 per cent over its last closing price.

Govt will not ask oil companies to further subsidise fuel prices:...

While OMCs will continue to enjoy marketing freedom, upstream oil producers like ONGC would not be asked to share fuel...

11 Oct 2018 5:05 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Fuel excise duty cut credit negative: Moody's

Excise duty cuts on auto fuel reduce govt revenue and increase fiscal deficit by 0.1 pc to 3.4 pc of GDP in FY19.

10 Oct 2018 12:55 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

OMCs will continue to bleed as govt rules out dividend relief

Reduction in dividend from oil marketing companies, cut in subsidies, lesser disinvestment revenue.

10 Oct 2018 10:58 AM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Govt seeks to reassure markets on deregulation of fuel prices

Shares in the companies fell more than 20 per cent to multi-year lows on Friday before recovering marginally.

7 Oct 2018 11:45 AM IST

Hindustan Petroleum also fell to its 52-week low of Rs 165.45, down 25 per cent over its last closing price.

Stocks of oil marketing companies plunge to 52 week lows on fuel price...

Govt's decision to curtail marketing margins on auto fuels by Rs1/litre brings to fore the earnings uncertainty for oil...

5 Oct 2018 12:02 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

RBI allows oil marketing firms to raise USD 10 billion from overseas

OMCs will now be able to raise external commercial borrowing for working capital purposes.

3 Oct 2018 7:44 PM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

5,000 bio-gas plants at Rs 1.75 lakh cr investment in offing: Pradhan

Pradhan announced that state-owned fuel marketing companies will purchase all the bio-gas from these plants.

1 Oct 2018 2:30 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Aviation, oil marketing cos rise on lower global crude oil prices

Shares of aviation and oil marketing companies surged up to 6 per cent on Wednesday.

21 Nov 2018 6:04 PM IST