Good news, soon anyone can open petrol pump in India

Last Updated: Tuesday, August 4, 2015, 12:27

The government will soon work out the details of the plan after meeting with the executives of PSU oil firms.

Diesel price cut by Rs 1.30 per litre; petrol by 80 paise

Last Updated: Wednesday, April 15, 2015, 17:39

The public sector oil marketing companies have announced a cut in petrol price by 80 paise per litre and in diesel by Rs 1.30 a litre here, in line with a softening trend in international markets.

Petrol prices hiked by Rs 3.18 per litre; diesel by Rs 3.09

Last Updated: Saturday, February 28, 2015, 18:44

Oil marketing companies have decided to increase petrol pries by Rs 3.18 per litre and diesel by Rs 3.09 with effect from midnight Saturday.

States urged to liberalize restrictions on ethanol supply

Last Updated: Friday, February 20, 2015, 13:28

Minister of consumer affairs, food and public distribution Ram Vilas Paswan, has urged the states to liberlise restrictions on the supply of ethanol so that its blending with petrol can be encouraged to improve financial health of sugar sector and finally liquidation of cane dues of farmers.

Gujarat HC ruling gives Rs 1,000 cr VAT relief to ONGC

Last Updated: Thursday, December 18, 2014, 23:32

A division bench of Justices Akil Kureshi and V M Pancholi passed the order.

No plan to stop subsidised LPG to rich: Govt

Last Updated: Wednesday, December 17, 2014, 16:25

The government is not considering any proposal to stop supply of subsidised cooking gas (LPG) to the rich, Oil Minister Dharmendra Pradhan said Wednesday.

Gas customers can get mini 5-kg cylinder at subsidised rate

Last Updated: Wednesday, December 10, 2014, 19:23

In a move that will give cooking gas consumer more choice, state oil marketing companies have started selling mini 5-kg LPG cylinders at subsidised rates.

OMC shares drop after excise duty on petrol, diesel raised

Last Updated: Tuesday, December 2, 2014, 18:31

Shares of three listed state-owned oil marketing companies (OMC) fell up to 4 percent at close today, after the government raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel.

Revenue losses on LPG, kerosene shrink by 21%

Last Updated: Monday, December 1, 2014, 18:24

Losses on sale of subsidised LPG and kerosene have dropped by 21 percent to Rs 148 crore per day as international oil rates hit a five-year low.

Diesel price hiked by 50 paise per litre

Last Updated: Friday, January 31, 2014, 19:19

Oil marketing companies on Friday decided to hike diesel prices by 50 paise per litre, effective from midnight.

Petrol price hiked by 75 paise a litre, diesel by 50 paise

Last Updated: Friday, January 3, 2014, 19:20

Petrol price was Friday hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production.

State-run oil firms' shares up on diesel price hike hopes

Last Updated: Thursday, December 26, 2013, 13:02

Shares of state-run oil marketing companies gain after a media report said the petroleum ministry was planning to propose a hike of 5 rupees in diesel prices.