Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday
Coronavirus Outbreak: India's March petrol sales fall 17%, diesel down 26% as economy declines after lockdown
The country’s consumption of liquefied petroleum gas or cooking gas rose 1.7 percent in March from a year earlier to about 2.3 million tonnes, they said.
Coronavirus impact: BPCL procures 500 mn barrels of 'opportunity' crude from distress sale after prices plunge
BPCL will not buy more such crude as it will make inventory management unwieldy, said R Ramachandran, director of refineries
Sensex recovers after plunging over 350 points in opening trade on US-Iran conflict; Nifty below 12,000-mark; Titan, L&T among top losers
At 10.30 AM, the Sensex was trading at 193.47 points or 0.47 percent down at 40,676 while the Nifty was trading 61.60 points down or 0.51 percent at 11,991.35.
Fuel prices up marginally: Petrol, diesel rates rise across four metros after plunge in US crude production
The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market and is one of the most important factors responsible for an increase in petrol prices in Indian domestic market.
Snapping ATF supplies to Air India: Indian Oil Corporation says doesn't have cash-surplus, says chairman
IOC chairman said the company provides 90 days credit to Air India but the dues have been mounting and this must be 240 days now.
Petronas, Japan's JXTG Holdings may buy stake in Bina oil refinery; BPCL plans to double unit's capacity
The Bina plant in central India, capable of processing 156,000 barrels per day (bpd) of crude oil, is operated by Bharat Oman Refineries Ltd.
Maharashtra to move planned $44 bn Saudi Aramco refinery after farmers' protest; new location not revealed
Stare-run oil companies and Saudi Arabian Oil Company, known as Saudi Aramco, have teamed up to build the $44 billion (Rs 3 lakh crore) refinery
Prime Minister Narendra Modi Sunday dedicated to the nation an integrated refinery expansion complex of the public sector Bharat Petroleum Corporation Limited at the Kochi Refinery.
PSU refineries plan major overhaul to produce cleaner fuels from 2020; move may force petrol, diesel imports next year
The refiners will have to shut diesel- and petrol-making units at their plants for 15 to 45 days to churn out Euro VI-compliant fuels from January 2020 to be able to sell them from April of that year.
The refinery will use about 2 lakh tons of rice straw annually, sourced from states nearby.
The price of petrol on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers
Nanar oil refinery: Land acquisition woes thwart govt's deal with Saudi Aramco; deadline could be pushed back
Nanar project was touted as a gamechanger for both parties - offering India steady fuel supplies and meeting Saudi Aramco's need to secure regular buyers for its oil
A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said
Govt prepared to grant Aramco 50% stake in west coast refinery; deal to be announced soon, say sources
Aramco, the world’s biggest oil producer is moving to invest in refineries overseas to help lock in demand for its crude, and expand its market share ahead of an initial public offering next year.
State-owned IOC and BPCL may buy 26 percent stake each in GAIL India Ltd, paying the government over Rs 20,000 crore each to become integrated energy firms
Saudi Aramco seeks control of proposed Maharashtra refinery; oil giant aims to strengthen its presence in India
Saudi state-run oil giant Aramco is seeking majority ownership of proposed refinery-cum-petrochemical complex to be built in Maharashtra's Ratnagiri
It has come to light that LPG subsidy monies of millions of customers have been crdited to Airtel Payments Bank accounts without their permission
In the first phase, the distribution will commence from the states of Uttar Pradesh and Maharashtra.
Private gems and jewellery major Rajesh Exports has made its debut at 423rd position.