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OVL shortlisted for Mexican oil bid round

Last Updated: Sunday, August 23, 2015, 12:27

According to Mexico's National Hydrocarbons Commission, 14 bidders have been pre-qualified for the second phase of the Round One tender, the country's first licensing round in 88 years.

No more hunting for LPG dealers; you can soon apply for connection online

Last Updated: Friday, August 21, 2015, 10:21

The facility will be available on the government's LPG portal Pahal as well as on the websites of each oil company.

Petrol prices slashed by Rs 1.27/litre; diesel by Rs 1.17

Last Updated: Friday, August 14, 2015, 23:40

Petrol price was Friday cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, the second reduction in rates this month following global cues.

Petrol, diesel price reduction: Here is the fuel chart of 4 metro cities

Last Updated: Saturday, August 1, 2015, 18:00

Petrol price has been cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month.

Relief for middle class as petrol, diesel, non-subsidised LPG become cheaper

Last Updated: Friday, July 31, 2015, 23:27

Petrol in Delhi will cost Rs 64.47 per litre instead of Rs 66.90 at present, while a litre of diesel will cost Rs 46.12 as against Rs 49.72 currently.

Petrol prices cut by Rs 2.43 per litre; diesel by Rs 3.60

Last Updated: Friday, July 31, 2015, 22:11

The new rates announced by the oil marketing companies will be effective from midnight tonight.

Petrol price hiked by 64 paise per litre; diesel cut by Rs 1.35

Last Updated: Monday, June 15, 2015, 21:59

Petrol price was Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.

Petrol price hiked by 64 paise a litre, diesel price cut by Rs 1.35

Last Updated: Monday, June 15, 2015, 20:00

For the third time in a row, oil companies on Monday hiked the price of petrol by 64 paise a litre. However, the price of diesel was cut by Rs 1.35 a litre.

Indian Oil net profit down 33% at Rs 6,285.35 cr in Q4

Last Updated: Friday, May 29, 2015, 14:42

Indian Oil Corp, the nation's largest fuel retailer, reported 33 percent dip in net profit for the March quarter mainly on account of a lump sum subsidy it had received in the comparable quarter of the previous fiscal.

India sets April-June oil subsidy rules, no discounts if oil below $60

Last Updated: Friday, May 22, 2015, 08:59

ONGC, OIL and GAIL sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.

State-run oil firms keen to snap up overseas assets: Minister

Last Updated: Friday, May 15, 2015, 23:26

As many overseas oil and gas assets have become low-hanging fruit following the massive crash in crude prices, Oil Minister Dharmendra Pradhan on Friday said the government wants state-run oil companies to buy up assets abroad, particularly in Latin America.

Govt needs to reduce oil companies' burden over low margins: Fitch

Last Updated: Friday, May 8, 2015, 12:22

Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said Friday.