Oil stocks gain over 7% on diesel price hike hopes

Last Updated: Friday, September 6, 2013, 17:04

Oil and gas stocks on Friday rose by up to 7.1 percent amid hopes that a decision on raising fuel prices will be taken after UPA Chairperson Sonia Gandhi returns from the US.

Rupee slide to impact IOC, BPCL most: Fitch

Last Updated: Thursday, August 29, 2013, 17:54

Global rating agency Fitch Thursday said the rupee depreciation will have highest impact on state- owned oil marketing companies, including IOC and BPCL.

Rupee slide to impact IOC, BPCL most: Fitch

Last Updated: Thursday, August 29, 2013, 17:37

Global rating agency Fitch today said the rupee depreciation will have highest impact on state- owned oil marketing companies, including IOC and BPCL.

Indian Oil, BPCL shares gain after RBI steps, HPCL falls

Last Updated: Thursday, August 29, 2013, 14:05

Shares of Indian Oil and Bharat Petroleum gained Thursday after the Reserve Bank opened a special window to help meet the foreign-exchange requirements of state-owned oil refining companies.

RBI opens special window for forex purchase by oil companies

Last Updated: Wednesday, August 28, 2013, 22:42

RBI on Wednesday opened a special window to help the three state-owned oil marketing companies needing about USD 8.5 billion every month meet their daily foreign exchange requirement in a bid to check the rupee's free fall.

FinMin to give Rs 8,000 cr cash subsidy to oil retailers in Q1

Last Updated: Thursday, August 8, 2013, 19:50

Finance Ministry Thursday agreed to give Rs 8,000 crore cash subsidy to fuel retailers IOC, BPCL and HPCL to make up for less than a third of losses they incur on selling diesel and cooking fuel below cost.

BPCL-Kochi Refinery expansion site declared strike free zone

Last Updated: Saturday, July 6, 2013, 12:02

The Rs 20,000 crore BPCL-Kochi Refinery expansion project site at Ambalamugal near here has been declared a 'strike-free zone' with a view to completing the project within the scheduled 42 months.

PSU refiners should set up JV to import crude oil: Parl panel

Last Updated: Wednesday, May 8, 2013, 19:12

State-owned refiners like IOC, BPCL and HPCL should form a joint venture company to import crude oil efficiently and at competitive rates, a Parliamentary panel has suggested Wednesday.

Videocon, BPCL strike natural gas in Mozambique block

Last Updated: Monday, April 22, 2013, 18:24

Videocon Hydrocarbon Holdings, a wholly owned subsidiary of Videocon Industries, and Bharat PetroResources Ltd, a unit of BPCL, said a new discovery has made in the offshore Area 1 of the Rovuma basin, the two firms said in almost identical but separate statements.

CCI rejects market abuse charges against BPCL

Last Updated: Wednesday, April 17, 2013, 22:52

Fair trade regulator CCI has dismissed complaints of Bharat Petroleum Corp Ltd (BPCL) abusing its market dominance in transportation of LPG cylinders from bottling plants to distributors across the country.