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Oil retailers to open 35,600 new outlets in next three years

Jan 20, 2015

Oil retailers to open 35,600 new outlets in next three years

The country has 51,870 petrol pumps with Indian Oil Corp (IOC) being the market leader with 23,993 outlets, followed by Hindustan Petroleum Corp Ltd (HPCL) with 12,869 pumps and Bharat Petroleum Corp Ltd (BPCL) with 12,123 outlets. #ThisisNext #Reliance Industries #Indian Oil #LPG #Hindustan Petroleum #Oil marketing companies #Bharat Petroleum #CNG #Shell #Essar Oil #Petrol Pumps
Crude oil prices fall below $50 a barrel for first time since May 2009

Jan 07, 2015

Crude oil prices fall below $50 a barrel for first time since May 2009

Oil markets had slumped for a fourth straight session on Tuesday as mounting worries about the supply glut pressured crude prices, which have fallen almost 10 percent this week. #BreakingNow #oil #OPEC #Crude #brent #Oil markets #Oil futures
Pradhan defends oil PSUs after CAG rap

Jul 31, 2014

Pradhan defends oil PSUs after CAG rap

The Comptroller and Auditor General of India in its latest report stated that Indian Oil Corp., Hindustan Petroleum Corp. and Bharat Petroleum Corp. overcharged customers by Rs 26,626 crore from 2007-08 to 2011-12 by charging notional levies like customs duty on fuel they sold. #CAG #NewsTracker #Indian Oil #Hindustan Petroleum #Oil marketing companies #Bharat Petroleum #Dharmendra Pradhan #Wharfage charge
Jaya asks PM Modi for greater kerosene allocation to Tamil Nadu

Jul 12, 2014

Jaya asks PM Modi for greater kerosene allocation to Tamil Nadu

Jayalalithaa has once again sought Prime Minister Narendra Modi's intervention to ensure allotment of the state's monthly requirement of over 65,000-kl. #India #Tamil Nadu #UPA #Narendra Modi #NewsTracker #Jayalalithaa #Chennai #LPG #Kerosene #Oil marketing companies #NDA #Tamil Nadu CM #PM Modi
Losses on diesel dip to new low of Rs 1.62 a litre

Jun 16, 2014

Losses on diesel dip to new low of Rs 1.62 a litre

If rupee continues to strengthen and monthly price hikes of up to 50 paisa a litre are allowed, diesel prices will be decontrolled by September. #Economy #UPA #Narendra Modi #NewsTracker #Diesel #Fuel #Oil marketing companies