Petroleum Products

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%

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

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

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

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

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

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

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

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

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.