Oil Companies

Stock markets open flat: Sensex sheds over 200 points, Nifty below 9,200-mark; ITC, OMCs among major losers

Shares in consumer goods conglomerate ITC and lender Axis Bank Ltd fell 6 percent and 3.8 percent, respectively, after a news report that the government is planning to sell its stakes in the two companies.

Hunt for storage space turns urgent as oil glut grows, flips US crude prices negative for first time

In addition to the onshore glut, there are about 160 million barrels of oil sitting on tankers waiting for buyers.

Coronavirus Outbreak: ONGC, IOC, other oil companies contribute over Rs 1,031 cr to PM CARES fund

Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARES Fund to help in the fight against COVID-19 pandemic

Govt approves 2,636 new charging stations in 62 cities under FAME India scheme for e-vehicle push: Prakash Javadekar

The Department of Heavy Industry had invited the expressions of interest from entities for availing incentives under the FAME India Scheme Phase II for deploying charging stations within cities.

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 say Air India not honouring Rs 100 cr per month payment promise

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

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today

An industry official said the oil companies have decided to discontinue the discount on all credit card payments from 1 October.

Fuel price cut by Rs 2.50 to be effective from midnight; government asks oil companies to absorb Re 1

Price cut in states like Gujarat and Maharashtra would be Rs 5 after they matched the announcement with a similar reduction in local sales tax or VAT rates