LPG gets costlier from today: Price of cylinder goes up by Rs 37 in metros; jet fuel price hiked 50%
The Oil Marketing Companies (OMCs) have hiked the price of Liquified petroleum gas (LPG) cylinder rates effective from today (1 June) to Rs 37 for a cylinder of non-subsidised LPG in metro cities.
India Oil Corp, the country’s top refiner, is close to winning its first contract to supply diesel, jet fuel and gasoline in the second half of this year to state-run Bangladesh Petroleum Corp, two sources with knowledge of the matter said
Coronavirus Outbreak: Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops
Petrol and diesel consumption, which saw its biggest-ever decline in the aftermath of a nationwide lockdown, is likely to pick up in the second half of the month as the government has allowed trucks to ply as well as farmers and industries in rural areas to resume operations after 20 April
India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown
State-run refiners reduce oil processing runs as demand tumbles after lockdowns; auto fuel, ATF to witness double-digit fall in March
Top refiner Indian Oil Corp and its subsidiary Chennai Petroleum has cut refinery runs by an average of 15 percent to 20 percent, sources familiar with the matter said.
Crude oil futures rise nearly 3% as Trump administration works with Saudi Arabia to stabilise prices, but support seen weak
The market is testing support following a more than 60 percent slide in oil prices since the start of the year due to the impact of the coronavirus on global demand and a market share war between Saudi Arabia and Russia set to bloat oil supply from April
India's fuel demand has dropped by a steep 10-11 percent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and a reduction in industrial activity
Jet fuel price cut by steep 10%; non-subsidised cooking gas costs Rs 53 less as international oil declines
Jet fuel (ATF) prices were on Monday slashed by a steep 10 percent, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus
Non-subsidised LPG price hiked by Rs 19 per cylinder, jet fuel cost up 2.6% on rise in international rates
Jet fuel or ATF price was on Wednesday hiked by 2.6 percent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates
Relief for Air India: OMCs defer decision to suspend fuel supplies after national carrier promises to clear dues
State-owned fuel retailers on Friday decided to defer their decision to suspend jet fuel supplies to Air India after the national carrier promised to make regular payments to clear outstanding dues, officials said
State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered
Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults
Aviation Turbine Fuel price cut by 5.8% to a four-month low as crude oil rates soften; subsidised LPG by Rs 3
Jet fuel price was on Monday cut by a steep 5.8 percent to a four-month low on softening international oil prices, according to state-owned fuel retailers
Scientists believe that farmers can use this technique to make diesel, to fuel their tractors, on their farms.
Non-subsidised LPG price hiked by Rs 5 per 14.2-kg cylinder, jet fuel price by 1% to Rs 63,472 per kilolitre
Jet fuel price was on Monday hiked by over one percent, the second straight monthly increase in rate coming on the back of firming global prices
Jet fuel price was hiked Friday by a steep 8.1 percent to its costliest level this year as international oil prices rose, state-owned oil firms said
Jet fuel price cut by 14.7% on fall in international rates; two deductions in a row make ATF cheaper than petrol, diesel
ATF rates are now cheaper than both petrol and diesel in most parts of the country and it is less expensive than even non-PDS kerosene in cities like Mumbai.
Airlines are battling tough business conditions amid rising fuel prices, rupee depreciation and intense competition.
Jet Airways reports consolidated net loss of Rs 1,261 cr in Q2 on higher fuel cost, rupee depreciation
On a standalone basis, Jet Airways reported a net loss of Rs 1,297.46 crore against a profit of Rs 49.63 crore a year ago
Cash-strapped Jet Airways hands over pink slips to 20 employees including senior-level executives to curtail costs
Jet Airways has been reducing staff since it announced the second consecutive quarterly loss in August. Job cuts stopped in September for a while, but have come back again this month