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Natural gas may be included in GST, to benefit ONGC

Natural gas may be included in GST, to benefit ONGC

The oil ministry has taken up with the finance ministry for early inclusion of all the five exempted products in GST.

Moody's retains Baa3 rating on Indian Oil, Bharat Petroleum and Hindustan Petroleum

Moody's retains Baa3 rating on Indian Oil, Bharat Petroleum and Hindustan Petroleum

Moody's Investor Service on Thursday retained its Baa3 rating for all three state-run Indian oil marketing companies (OMCs) on the basis of continued improvement in their credit metrics.

HPCL says decision on Rs 37,000-cr Raj refinery likely soon

A final decision on the much-delayed Rajasthan refinery, to be set up by Hindustan Petroleum Corporation for an estimated over Rs 37,000 crore, but has run into a political quagmire, is expected within a few months.

HPCL reports Rs 320 cr net loss on Rs 1,400 cr inventory hit

The state-run company has booked an inventory loss of Rs 1,400 crore during the quarter.

Indian oil companies pay $700 mn to Iran for oil

Indian oil companies pay $700 mn to Iran for oil

Essar Oil, MRPL and other Indian refiners today paid Iran USD 700 million to clear over one-tenth of their outstanding oil dues, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.

State-run oil companies rally after Iran deal

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.

MoEF asks HPCL to hold public hearing for Rajasthan Plant

The Environment Ministry has asked state-owned Hindustan Petroleum Corporation (HPCL) to hold public hearing for its proposed Rs 37,230 crore refinery-cum-petrochemical complex in Barmer district of Rajasthan.

Force Motors ties up with HPCL for supply of oil

Pune-based Force Motors on Thursday said it has tied up with Hindustan Petroleum Corporation for supply of oil to use in its entire range of products.