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PMO seeks Oil Minister's views on IOC appointment

Last Updated: Wednesday, June 11, 2014, 12:18

Ashok's appointment file was pending in the PMO since last month and last week PMO wrote to Pradhan seeking his comments, said sources privy to the development.

'Chennai Petroleum may shut refinery units for month in Q4'

Last Updated: Thursday, May 29, 2014, 12:32

Chennai Petroleum Corp Ltd plans to shut an 80,000 barrels per day (bpd) crude unit and some secondary units for a month-long maintenance in October-December at its 210,000 bpd Manali refinery, its managing director A. S. Basu said.

Oil cos to pay $11.4 bn fuel subsidy for 2013/14: Source

Last Updated: Thursday, May 22, 2014, 22:49

India has ordered oil companies to provide USD 11.4 billion subsidy for 2013/14 to help cover losses of state retailers that sell fuels at cheaper rates - a jump of 12 percent from the previous year, a source with knowledge of the matter said on Thursday.

Loss on diesel sale down at Rs 4.41 a litre

Last Updated: Monday, May 19, 2014, 21:32

The loss on sale of diesel has fallen to Rs 4.41 per litre, helped by Rs 1.09 per litre hike and strengthening of the rupee against the US dollar.

Oil stocks fall after petrol price cut

Last Updated: Wednesday, April 16, 2014, 18:49

Shares of oil marketing companies -- HPCL, BPCL and Indian Oil Corp-- fell Wednesday by up to 3.5 percent after the price of petrol was cut by 70 paise a litre.

Losses absorbed by oil companies may quadruple to Rs 3,700 cr

Last Updated: Thursday, March 20, 2014, 18:22

IOC, Hindustan Petroleum Corp and Bharat Petroleum Crop together are projected to lose about Rs 1,41,000 crore in revenue this financial year on selling diesel, LPG and kerosene at rates set by the government.

Loss on diesel sales declines to Rs 7.16 a litre

Last Updated: Tuesday, March 18, 2014, 19:30

The loss on sales of diesel has been trimmed by more than Re 1 to Rs 7.16 per litre on the back of softening international oil rates.

IOC plans Rs 7,650 cr petchem complex at Paradip

Last Updated: Sunday, March 16, 2014, 15:36

"The Board (of IOC) will this month consider setting up a 700,000 tonnes per annum polypropylene (PP) plant at an estimated cost of Rs 3,150 crore. The plant is to be built by 2017-18," the official said.

ONGC, OIL buy 10% govt stake in IOC

Last Updated: Friday, March 14, 2014, 15:26

State-owned ONGC and Oil India Ltd (OIL) on Friday bought 10 percent government stake in Indian Oil Corp (IOC) for Rs 5,340 crore.

Playing is paying

Last Updated: Tuesday, March 11, 2014, 13:58

Go out and play. Its serious business now, says Patricia Mascarenhas while exploring the job opportunities that come with playing a sport.

IOC reports Rs 961-cr net loss in December quarter

Last Updated: Thursday, February 13, 2014, 17:52

Indian Oil Corp, the nation's largest oil firm, Thursday reported a net loss of Rs 961.45 crore in the December quarter after the government paid less than half of the due oil subsidy, negating gains made from foreign exchange.

Fin Min gives Rs 10,000 cr as subsidy to fuel retailers for Q3

Last Updated: Tuesday, February 11, 2014, 23:42

IOC will get Rs 5,172.87 crore while Bharat Petroleum Corp Ltd (BPCL) will get Rs 2,499.39 crore.