Ratan Tata-backed startup Repos Energy to manufacture, sell around 3,200 mobile petrol pumps in FY21
Repos Energy which specialises in supplying diesel at the doorstep for commercial users has seen daily demand go up to 15,000 litres from the earlier average of 10,000 litres, a senior official said, at the end of March.
Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits
Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products
Shares of oil marketing companies -- Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd -- on Wednesday plunged up to 13 percent, a day after a hike in excise duty on petrol and diesel
Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel
The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown
India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas
BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan
Petroleum Minister Dharmendra Pradhan on Thursday said the government has "no business to be in business", and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers
Petrol and diesel pumps across Rajasthan will keep their operations shut for 24 hours, starting 23 October to protest against the increased rate of Value Added Taxes (VAT), officials said on Tuesday
An industry official said the oil companies have decided to discontinue the discount on all credit card payments from 1 October.
The country's biggest oil firm Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain a leadership position, its Chairman Sanjiv Singh said
British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 percent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday
Reliance Industries, BP form joint venture to set up 5,500 petrol pumps; retail aviation turbine fuel for airlines in India
Reliance Industries and UK's BP plc have agreed to form a new joint venture to set up 5,500 petrol pumps and retail aviation turbine fuel to airlines in India, the two firms said on Tuesday
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
The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps -- payments that are anonymous and are believed to have formed a good part of the demonetised currency that returned to the banking system
Petroleum dealers' body asks fuel stations to close for 20 minutes to mourn Pulwama terror attack victims
CIPD secretary Ravi Shinde subsequently said that all petrol pumps in Maharashtra will remain closed from 7 to 7.30 pm and "no sell of petrol, diesel and any other fuel will be done". Petrol station lights will also remain off during the period
Oil PSUs to allot 65,000 petrol pumps: Why govt should focus on finding alternative to expensive fossil fuel
AIPDA rightly questions the wisdom of the new pumps when the government’s avowed aim is to close all the petrol pumps by 2025 in the wake of its parallel and cognate decision to usher in alternate eco-friendly fuels completely.
New 55,649 petrol pumps bonanza: Angry fuel dealers to move court to challenge the government's decision
All India Petrol Dealers Association (AIPDA) President Ajay Bansal said the government's move of 25 November appeared contrary to its own policy and the dealers would question its legal validity
The Oil Ministry had last month set up a five-member expert committee to recommend easing of fuel retailing licensing rules.
Govt looks to relax norms for setting up petrol pumps; keen on getting more private players into fuel retailing
State-owned oil marketing companies - IOC, BPCL and HPCL, currently own most of 63,498 petrol pumps in the country
Indian Oil Corp (IOC) has launched home-delivery of diesel on a pilot basis in Pune and plans to expand doorstep delivery of the fuel to other parts of the country in near future
With 60,799 outlets dispensing petrol and diesel at the end of October, India is behind only US and China in number of petrol pumps, data available from Petroleum Planning & Analysis Cell of the Oil Ministry.