Petroleum Products

Showing of 1 - 20 from 82 results
Petroleum Products - Total results - 82
State refiners scale up crude processing as fuel demand improves with easing of lockdown measures
Business

State refiners scale up crude processing as fuel demand improves with easing of lockdown measures

Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday

Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%
Business

Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%

India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion, official data showed on Wednesday

Coronavirus will paralyse gig economy, big businesses; it's up to policymakers to not let this become full-blown economic crisis
Business

Coronavirus will paralyse gig economy, big businesses; it's up to policymakers to not let this become full-blown economic crisis

To address the problems arising out of the unique structure of the Indian economy and to ensure that the economic engine keeps cranking, both monetary and fiscal measures will be required soon.

BPCL disinvestment: Vedanta chief Anil Agarwal says state-run company's valuation high, evaluating bid; oil PSU's m-cap at 92,920 cr
Business

BPCL disinvestment: Vedanta chief Anil Agarwal says state-run company's valuation high, evaluating bid; oil PSU's m-cap at 92,920 cr

The government plans to sell its entire 52.98 percent stake in BPCL that will give buyers ready access to 14% of India's oil refining capacity and about one-fifth of the fuel market share in the world's fastest-growing energy market.

Exports contract marginally to $26 bn in November; trade deficit narrows to $12 bn
Business

Exports contract marginally to $26 bn in November; trade deficit narrows to $12 bn

India's exports contracted marginally by 0.34 percent in November to $25.98 billion, while imports slowed to $38.11 billion, bringing down the trade deficit to $12.12 billion

President Gotabaya Rajapaksa's visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham
Business

President Gotabaya Rajapaksa's visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham

Sri Lankan President Gotabaya Rajapaksa's visit to India has the potential to impart momentum to bilateral trade and investment ties while leveraging huge geo-cultural commonalities between the two nations, Assocham said on Friday

Pradhan Mantri Ujjwala Yojana brought Rs 3,000 cr investment, 3,000 jobs in Northeast, says official
Business

Pradhan Mantri Ujjwala Yojana brought Rs 3,000 cr investment, 3,000 jobs in Northeast, says official

The public sector undertaking Indian Oil Corporation currently has 10 LPG bottling plants across the northeast

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining
Business

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining

Saudi Arabia is a key pillar of India's energy security, being a source of 17 percent or more of crude oil and 32 percent of LPG requirements of India

Narendra Modi, Nepal counterpart KP Sharma Oli inaugurate first-ever cross-border petroleum product pipeline
Business

Narendra Modi, Nepal counterpart KP Sharma Oli inaugurate first-ever cross-border petroleum product pipeline

Saying that India committed to the growth and development of Nepal, Modi said that petroleum products have become more affordable for the Himalayan nation now.

Centre plans to make Essential Commodities Act simpler, may replace jail term with penalty, fine; seeks suggestions from states
Business

Centre plans to make Essential Commodities Act simpler, may replace jail term with penalty, fine; seeks suggestions from states

The proposed amendment in the Essential Commodities Act is being done in consultation with the NITI Aayog with an aim to boost investment and ease of doing business without compromising on consumer protection.

Exports rise 2.25% to $26.3 bn in July, imports down 10.4%; trade deficit narrows to $13.4 bn
Business

Exports rise 2.25% to $26.3 bn in July, imports down 10.4%; trade deficit narrows to $13.4 bn

India's exports grew by 2.25 percent to $26.33 billion in July, government data showed on Wednesday

GST Council Meet: Assocham seeks inclusion of petroleum products, says two-year period of exclusion is almost over
Business

GST Council Meet: Assocham seeks inclusion of petroleum products, says two-year period of exclusion is almost over

Industry body Assocham on Thursday sought inclusion of petroleum products in GST and subsuming of some local and state taxes like stamp duty

Budget 2019: Six ways new Finance Minister Nirmala Sitharaman can overhaul India's tricky direct tax system
Business

Budget 2019: Six ways new Finance Minister Nirmala Sitharaman can overhaul India's tricky direct tax system

With central excise and local sales tax accounting for roughly 50 percent of the petrol bunk prices, its migration to the GST regime brooks no delay

GST collections: Statistics belie potential but Narendra Modi govt's tax reform is still a work in progress
Business

GST collections: Statistics belie potential but Narendra Modi govt's tax reform is still a work in progress

Indeed GST collections statistics belie the potential of GST i.e., what is in store for the nation from this historic makeover to the one-nation-one-tax eschewing the cascading effect.

India hopes to sign free trade pact with European Union in 'foreseeable future'; exports likely to reach peak level this year
Business

India hopes to sign free trade pact with European Union in 'foreseeable future'; exports likely to reach peak level this year

In 2013-14, the country's merchandise exports touched $314.4 billion level. After that, exports came under immense pressure again due to global slowdown.

Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes
Business

Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes

The interim budget 2019 to be presented on 1 February 2019 by Finance Minister Arun Jaitley can correct this skew with some path-breaking reforms that might appear to be just reversal of the past policies.

Five things Narendra Modi govt must do on economic front in the run-up to general elections
Business

Five things Narendra Modi govt must do on economic front in the run-up to general elections

It is important for the Narendra Modi government to leave a imprint in the minds of the people with altruistic measures benefitting the entire nation

Manufacturing sector posts strong sales growth in Q2 on robust demand in iron, steel and petroleum: RBI
Business

Manufacturing sector posts strong sales growth in Q2 on robust demand in iron, steel and petroleum: RBI

Demand condition in the manufacturing sector "maintained its pace in the September quarter 2018-19 as reflected in strong sales growth

Revenue secretary Ajay Bhushan Pandey says excise duty hike on petroleum products needs 'analysis'
Business

Revenue secretary Ajay Bhushan Pandey says excise duty hike on petroleum products needs 'analysis'

In face of mounting public pressure, the Centre had in October cut excise duty by Rs 1.50 per litre on both petrol and diesel