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Oil refiners gain as crude oil prices cool down

Last Updated: Monday, June 30, 2014, 11:31

Shares of oil refiners gain after crude oil prices cool down. Bharat Petroleum Corp gains 3.3 percent, Hindustan Petroleum Corp rises 3.1 percent and Indian Oil Corp is up 1.7 percent.

Monthly diesel price hikes likely to continue

Last Updated: Thursday, May 29, 2014, 15:26

"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.

HPCL to invest Rs 17,000 cr to expand capacities by 2018

Last Updated: Wednesday, May 28, 2014, 19:32

Hindustan Petroleum Corp Ltd (HPCL) Wednesday said it will invest Rs 17,000 crore in raising its Mumbai and Vizag refinery capacity by 2018.

HPCL post Q4 profit of Rs 4,609 cr helped by fuel subsidy

Last Updated: Wednesday, May 28, 2014, 19:25

State-owned Hindustan Petroleum Corp Ltd (HPCL) Wednesday reported a better than expected fourth quarter net profit of Rs 4,609.24 crore after it got lumpsum fuel subsidy.

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

Last Updated: Wednesday, May 21, 2014, 13:20

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.

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.

Loss on diesel sales falls to Rs 5.49 per litre

Last Updated: Wednesday, April 16, 2014, 18:22

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.

Hindustan Petroleum launches Club HP Star outlets

Last Updated: Thursday, March 27, 2014, 23:18

More than a decade after it launched personalised service petrol pumps under 'Club HP' brand, state-owned Hindustan Petroleum Corp Ltd (HPCL) Thursday launched premium 'Club HP Star' outlets with a promise to provide 'Good Fuel'.

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.

Moily cancels events after poll announcement

Last Updated: Wednesday, March 05, 2014, 21:17

Moily was to inaugurate the nation's first strategic oil storage at Mangalore, which was built to insulate the country from supply disruptions.

Nishi Vasudeva takes over as HPCL chief

Last Updated: Saturday, March 01, 2014, 18:05

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