Bharat Petroleum Corp

Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil report

The government plan to more than double the number of petrol pumps in the country does not make economic sense as more number of outlets would only cut into each other's sale, leading to some unprofitable, Crisil Research said in a report on Thursday

India's crude oil shipments from Iran slump 60% in February as New Delhi cuts imports under sanctions waiver deal with US

India’s February oil imports from Iran were about 4 percent lower than January’s purchases, the data showed.

Oil PSUs to allot 65,000 petrol pumps: All you need to know if you are planning to apply for petrol pump dealership

India should reduce or stop crude oil import from Iran, can increase dependence on other Middle Eastern suppliers: Moody's

Iranian crude is usually sold at a discount of up to $2-4 per barrel to other Middle Eastern crude oil grades.

India considers reducing crude oil imports, relying on stockpile after traders forecast prices to rise to $100 a barrel

The soaring crude oil prices are occurring at the same time emerging market currencies, such as India's rupee, are under pressure. That combination means Indian crude imports are 47 percent more expensive this year in rupee terms.

Indian refiners may reduce oil imports to mitigate pain of high crude prices and declining rupee

The decision to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption

ONGC Videsh-led group picks up 10% stake in Abu Dhabi's Zakum oilfield for $600 mn; deal to help UAE expand foothold in Asia

ONGC Videsh is the foreign investment arm of ONGC. Other members of the consortium are Indian Oil Corp and Bharat Petro Resources Ltd, an upstream arm of refiner Bharat Petroleum Corp.

Supreme Court allows cement industry to use petroleum coke; asks govt to frame guidelines

Petcoke and other cheap, highly polluting fuel such as furnace oil are widely used by cement factories, dyeing units, paper mills, brick kilns and ceramics businesses

Gujarat election impact: After Rs 76.5 hike in LPG price, oil cos skip monthly revision in December

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on 1 November to Rs 495.69

Aviation turbine fuel price raised 6%, cooking gas by Rs 1.50 per cylinder

A subsidised 14.2-kg LPG cylinder will now cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.