'Diesel deregulation, gas price to have positive impact on oil companies'

Last Updated: Wednesday, December 17, 2014, 14:27

Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, says a report by Fitch Ratings.

Will supply fuel only on immediate payment: Oil companies to SpiceJet

Last Updated: Wednesday, December 17, 2014, 13:00

With troubled SpiceJet having grounded its flights, oil companies have made it clear the budget carrier will get fuel only on immediate payments, as the airline is on 'cash and carry' mode.

More than $150 bln of oil projects face the axe in 2015

Last Updated: Friday, December 5, 2014, 09:56

Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.

Petrol price cut by 91 paise/litre, diesel by 84 paise

Last Updated: Sunday, November 30, 2014, 18:05

In Delhi, petrol price will cost Rs 63.33 a litre as compared to Rs 64.24 per litre previously while in Mumbai the reduction will be 96 paise to Rs 70.95 per litre.

Petrol price cut by 91 paise a litre, diesel by 84 paise

Last Updated: Sunday, November 30, 2014, 17:37

State-owned oil companies on Sunday slashed the prices of perol and diesel by 91 paise and 84 paise respectively, to be effective from midnight tonight.

Cabinet note on capping subsidy share of upstream oil cos soon

Last Updated: Friday, January 24, 2014, 16:44

Ministry of Petroleum and Natural Gas will go to the Cabinet soon seeking a minimum USD 65 per barrel price for state oil and gas explorers like ONGC.

HC directs oil companies not to insist on submission of Aadhar cards

Last Updated: Thursday, January 23, 2014, 20:37

Madras High Court on Thursday directed the oil companies not to insist on the submission of Aadhaar cards for availing of direct transfer of subsidy.

Price of non-subsidised LPG hiked by Rs 220 per cylinder

Last Updated: Wednesday, January 1, 2014, 18:47

The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi.

PSU oil companies sourcing all dollar needs from market: RBI

Last Updated: Monday, December 2, 2013, 20:02

The Reserve Bank Monday said state run oil refiners have returned to the foreign exchange market to meet all their dollar requirements as volatility in currency rates has eased over the past few weeks.

State-run oil companies rally after Iran deal

Last Updated: Monday, November 25, 2013, 11:34

Shares of state-run oil marketing companies gain after Brent crude drops more than USD 2 a barrel on Monday as supply fears ease following a breakthrough nuclear deal between world powers and Iran over the weekend.

Oil firms receive $14 billion from oil window: Source

Last Updated: Thursday, November 14, 2013, 21:28

State-run oil companies have received around USD 14 billion through the special dollar swap window provided by the central bank since late August, an official familiar with the details said on Thursday.

Govt sanctions Rs 17,772 crore cash subsidy for oil companies

Last Updated: Thursday, November 7, 2013, 19:12

Government Thursday sanctioned Rs 17,772 crore cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September quarter.