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Petrol price hiked by 64 paise; diesel cut by Rs 1.35 a litre

Jun 15, 2015

Petrol price hiked by 64 paise; diesel cut by Rs 1.35 a litre

Petrol price was on Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates. #Economy #India #NewsTracker #Petrol #Indian Oil Corporation #Diesel #Bharat Petroleum Corporation
IOC seeks to raise Panipat refinery capacity at Rs 15,000 cr

Jun 08, 2015

IOC seeks to raise Panipat refinery capacity at Rs 15,000 cr

IOC owns and operates eight refineries and has only a few weeks back added ninth refinery at Paradip in Odisha. #Business #Reliance Industries #Energy #crude oil #Indian Oil #CompanyWatch #Essar Oil #Paradip refinery #Panipat refinery
Indian Oil to import Iraqi oil for India's maiden strategic reserve

Jun 03, 2015

Indian Oil to import Iraqi oil for India's maiden strategic reserve

Underground storages are being built at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonnes (28 million barrels) of crude oil. #Economy #Energy #crude oil #finance ministry #NewsTracker #Indian Oil #Hindustan Petroleum #Vizag refinery
India's import of Iran oil hit highest since March 2014 in May

Jun 02, 2015

India's import of Iran oil hit highest since March 2014 in May

The jump to a 14-month high comes just two months after India dropped its crude imports from Iran to zero under US pressure to limit its purchases of the Islamic republic's oil. #Economy #India #Energy #crude oil #NewsTracker #Indian Oil #Iran #Mangalore Refinery and Petrochemical Ltd
Indian Oil cuts FY16 term crude import deal with Kuwait by half

Jun 01, 2015

Indian Oil cuts FY16 term crude import deal with Kuwait by half

Kuwait was the second-biggest supplier of oil to India's biggest refiner in the fiscal year ended March 31 after Iraq, according to the source. #Business #crude oil #Indian Oil #CompanyWatch #Kuwait #corporate #B Ashok #Paradip refinery
ATF price raised by 7.5%; non-subsidised LPG to cost Rs 10.50 more

Jun 01, 2015

ATF price raised by 7.5%; non-subsidised LPG to cost Rs 10.50 more

While the market priced or non-subsidised 14.2-kg cylinder will cost Rs 626.50 from today, the in 5-kg pack will cost Rs 318.50. #Economy #NewsTracker #Indian Oil #LPG #Hindustan Petroleum #Bharat Petroleum #ATF #Aviation Turbine Fuel
Indian Oil Corp's Q4 net drops 33 percent to Rs 6,285 crore on lower refining margins

May 29, 2015

Indian Oil Corp's Q4 net drops 33 percent to Rs 6,285 crore on lower refining margins

IOC's consolidated net profit for 2014-15 was Rs 4,912.02 crore compared to Rs 7,085.59 crore in 2013-14 #BSE #Dividend #Indian Oil Corp #gross refining margin
Indian Oil to infuse Rs 1,000 cr CPCL, plans expansion

May 25, 2015

Indian Oil to infuse Rs 1,000 cr CPCL, plans expansion

While CPCL shares closed 19.98 percent up at Rs 108.40 per scrip on the Bombay Stock Exchange (BSE), IOC shares ended 0.23 percent down at Rs 348.05 apiece. #Business #Indian Oil #CompanyWatch #corporate #Chennai Petroleum Corporation
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

May 21, 2015

Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

The government had first launched a CPSE ETF, comprising scrips of 10 PSUs, in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units. #Disinvestment #NewsTracker #SEBI #Indian Oil #EPFO #NPS #Oil India #Engineers India #Rural Electrification Corp. #Power Finance Corp #CPSE Exchange Traded Fund #National Pension System #container corp #Bharat Electronics