Petrol Pumps

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel

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

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas

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 pumps in Rajasthan to shut operations for 24 hours over increased VAT rate

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

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.

IOC to invest Rs 2 lakh cr to expand refining, petrochem capacities to maintain leadership position

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

RIL AGM 2019: BP to pay Rs 7,000 cr for 49% stake in Reliance Industries' fuel retail network

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