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Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

City gas distribution rights to help oil marketing firms diversify:...

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two...

27 March 2019 7:08 PM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 April 2019 2:26 PM IST

Oil marketing companies (OMCs) led by Indian Oil have stopped jet fuel supply at six airports, Air India Spokesperson Dhananjay Kumar had earlier said in a statement. (Photo: ANI)

Stoppage of fuel supplies due to shortage of funds: Air India Chairman...

'It is because of overall shortage of funds, doesn't reflect on operational performance and recent efforts of airline,'...

25 Aug 2019 3:57 PM IST

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

Oil companies stop fuel supply to Air India at 6 airports due to...

However, an official said the flight operations of the airline are currently normal and unaffected.

22 Aug 2019 8:25 PM IST

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

Saudi assures India of no oil supply shortage: Oil Min

A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven up...

16 Sept 2019 7:17 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

Petrol sales down 61%, diesel 56.5% in April. (PTI Photo)

Petrol and diesel sales shrink in April; demand expected to pick up...

The demand is expected to further pick up as more areas were opened up on Monday

4 May 2020 4:11 PM IST

Diesel price nears Rs 82 a litre after 15 paise increase. (PTI Photo)

Diesel price at record high in Delhi

Petrol prices on Sunday remained unchanged. Prices of petrol have remained static at Rs 80.43 per litre for almost four...

26 July 2020 3:23 PM IST

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

Rs 4 a litre hike in petrol, diesel prices in offing

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain...

17 May 2018 3:53 PM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Petrol, diesel prices hiked after 19-day pre-poll hiatus

Petrol prices in Delhi registered a fresh high in four years and eight months .

14 May 2018 10:27 AM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Amid surging prices, call for foolproof system to curb fuel theft

Retail petroleum dealers have complained of receiving lower quantity of fuel from oil tankers.

6 May 2018 1:39 PM 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.

Reduce oil duties to check fuel price rise, says Assocham

Over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre.

8 Jun 2018 12:17 PM IST