Hindustan Petroleum Corp

ONGC may acquire HPCL in $6.6 bn deal

ONGC may acquire HPCL in $6.6 bn deal

Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government`s plan to create an integrated public sector oil entity.

Feb 27, 2017, 09:51 AM IST
Sensex ends higher for third session; oil refiners gain

Sensex ends higher for third session; oil refiners gain

Indian shares ended higher on Friday, posting a third straight session of gains, as lacklustre U.S. data helped ease investors` fears over the likelihood of an interest rate hike by the Federal Reserve next week.

Sep 16, 2016, 16:05 PM IST

HPCL shuts Mumbai refinery unit, imports gasoline, executive says

Hindustan Petroleum Corp Ltd shut a unit at its 130,000 barrels per day (bpd) refinery in Mumbai last week due to a technical glitch, and has since been importing gasoline, the head of its refineries told Reuters on Friday.

Sep 09, 2016, 14:30 PM IST
Reliance Industries rated among top 10 global oil companies

Reliance Industries rated among top 10 global oil companies

India's Reliance Industries has been ranked 8th among top 10 global oil companies, according to a new survey released Thursday.

Sep 08, 2016, 10:01 AM IST
IOC, BPCL clinch deal with RIL, Essar to restart diesel buy

IOC, BPCL clinch deal with RIL, Essar to restart diesel buy

New Delhi: State-owned IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms.

Jun 07, 2016, 17:58 PM IST
India to pay another $700 mn to Iran on Oct 12

India to pay another $700 mn to Iran on Oct 12

 India will pay the second tranche of USD 700 million to Iran to clear part of past oil dues on Oct 12 since the dilution of trade sanctions by the US and five other world powers in July. In an accord, Iran had agreed to restrict its nuclear programme in  exchange of easing of sanctions, which had crippled its oil economy.

 

 

Oct 04, 2015, 11:04 AM IST

India pays $400 million in oil dues to Iran

India on Tuesday paid Iran USD 400 million to clear part of its past dues for crude oil its buys from the Persian Gulf nation and will pay another USD 500 million by the month end.

Oct 21, 2014, 19:13 PM IST

Fuel cos absorbed Rs 26.6K cr losses on sales in 5 yrs: OilMin

With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.

Oct 02, 2014, 18:39 PM IST

Monthly diesel price hikes likely to continue

"There is no reason why the monthly increases should be discontinued. They will continue till under-recoveries (losses) on diesel are wiped out," Oil Ministry official said.

May 29, 2014, 15:26 PM IST

HPCL to buy 11-15% stake in Petronet's east coast terminal

State-owned Hindustan Petroleum Corp Ltd is likely to buy 11-15 percent stake in Petronet LNG Ltd's Rs 5,000 crore LNG import terminal on the east coast.

May 21, 2014, 13:20 PM IST

Loss on diesel sale down at Rs 4.41 a litre

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.

May 19, 2014, 21:32 PM IST

Loss on diesel sales falls to Rs 5.49 per litre

The loss on sale of diesel has been trimmed by 44 paise to Rs 5.49 a litre after appreciation in the value of the rupee made imports cheaper.

Apr 16, 2014, 18:22 PM IST

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

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.

Mar 20, 2014, 18:22 PM IST

Loss on diesel sales declines to Rs 7.16 a litre

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.

Mar 18, 2014, 19:30 PM IST

Nishi Vasudeva takes over as HPCL chief

Vasudeva, who turns 58 this month, was Director (Marketing) in HPCL before replacing Subir Roy Choudhury as the head of the company.

Mar 01, 2014, 18:05 PM IST

HPCL profit dips 86% in Q2 on lower subsidy, margin drop

Hindustan Petroleum Corp (HPCL) on Tuesday reported an 86 percent drop in second-quarter profit after it received lower fuel subsidy and refining margins dropped.

Nov 12, 2013, 15:38 PM IST

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

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.

Nov 07, 2013, 19:12 PM IST

Cabinet may give nod to HPCL's Rs 37,229-cr refinery in Raj

The Cabinet is likely to consider tomorrow giving approval to Hindustan Petroleum Corp's Rs 37,229 crore refinery in Rajasthan, just ahead of the planned foundation stone laying of the project by UPA Chairperson Sonia Gandhi.

Sep 19, 2013, 19:31 PM IST

Losses on diesel sales at record Rs 14.50 a litre

Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp (BPCL) are losing Rs 486 crore per day as they are made to sell diesel, domestic LPG and kerosene way below cost to keep inflation under check.

Sep 16, 2013, 19:34 PM IST

Fuel sales losses likely to come down to Rs 84,475 cr in FY14

Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp ( BPCL) lost Rs 1,61,029 crore in 2012-13 on sale of diesel, domestic LPG and kerosene at government controlled rates, which are way below market price.

May 06, 2013, 16:16 PM IST