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SBI Card slashes fuel surcharge to 1%

SBI Card slashes fuel surcharge to 1%

SBI Card on Wednesday slashed surcharge on fuel to 1 percent from 2.5 percent. The company with 4 million customers has done in line with overall reduction affected by oil marketing companies to promote digital transactions.

Petrol pump owners threaten to remain shut on Sundays

Petrol pump owners threaten to remain shut on Sundays

Petrol pump owners in the country have served a strict threat to the government that the fuel outlets will remain shut every Sunday from May 10 till their demands related with hike in commissions are not met.  

India announces new licensing policy to boost oil output

India announces new licensing policy to boost oil output

India on Tuesday announced an open acreage licensing policy for oil and gas exploration, allowing bidders to carve out areas where they want to drill as the energy- hungry country looks at greater foreign investment to boost output.

Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre

Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre

Petrol price was hiked by 42 paisa a litre and diesel by Rs 1.03 per litre by the state oil companies on Sunday. 

Hike in petrol, diesel rates deferred

Hike in petrol, diesel rates deferred

PSU oil companies have deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel.

 Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

With oil prices at the international market hitting $55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.

Petrol, diesel prices likely to be hiked on Thursday

Petrol, diesel prices likely to be hiked on Thursday

With oil prices at the international market hitting USD 55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.

Petrol price hiked by 13 paise a litre, diesel cut by 12 paise

Petrol price hiked by 13 paise a litre, diesel cut by 12 paise

Petrol price was on Wednesday hiked by 13 paise a litre, but that of diesel was cut by 12 paise per litre in line with international trends.

Petrol price cut by Rs 1.46 a litre, diesel by Rs 1.53

Petrol price cut by Rs 1.46 a litre, diesel by Rs 1.53

The cut comes after a string of hikes, i.e. six times, since September and will definitely be a relief for the vehicle owners.

Petroleum dealers call off strike after talks with oil firms

Petroleum dealers call off strike after talks with oil firms

Petroleum dealers, who were on a two-day nationwide no-purchase strike since yesterday, today said they were calling off their future agitation programmes as oil companies have promised to look into their demand for hiking commission before December 31.

Govt open to deliberating on merger of oil firms: Dharmendra Pradhan

Govt open to deliberating on merger of oil firms: Dharmendra Pradhan

Government is open to deliberating on the issue of mega merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said.

Outlook on Oil & Gas sector

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

JPMorgan quarterly profit falls 6.7% hurt by drop in investment banking revenue

JPMorgan quarterly profit falls 6.7% hurt by drop in investment banking revenue

JPMorgan Chase & Co, the biggest US bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.

Oil PSUs get a free hand, can choose companies for crude buy

Oil PSUs get a free hand, can choose companies for crude buy

In a bid to improve operational efficiency, the government Wednesday gave freedom to public sector oil firms to have their own independent crude import policy based on their commercial requirements.

Petrol gets cheaper by Rs 3.02 per litre; diesel becomes costlier by Rs 1.47 per litre

Petrol gets cheaper by Rs 3.02 per litre; diesel becomes costlier by Rs 1.47 per litre

Petrol in Delhi will cost Rs 56.61 litre from tomorrow as against Rs 59.63 a litre currently. Similarly, diesel will be priced at Rs 46.43 per litre from tomorrow as compared to Rs  44.96 currently.

 

Petrol price cut by 32 paise per litre; diesel gets costlier by 28 paise

Petrol price cut by 32 paise per litre; diesel gets costlier by 28 paise

Petrol in Delhi will cost Rs 59.63 per litre from tomorrow as against Rs 59.95 a litre currently. 

Exxon's profit tumbles 58%, slashes capex by one-quarter

Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices.

Arun Jaitley says it helps Indian economy, as oil falls below $40

Arun Jaitley says it helps Indian economy, as oil falls below $40

"It has enabled us to absorb the loss that our own oil companies were facing because of future purchases. It has also kept inflation under control, which, in turn, has helped the Reserve Bank to ease up the rates," Jaitley told reporters.

Diesel price hiked by 50 paise a litre; no change in petrol price

Oil companies on Wednesday hiked the price of diesel by 50 paise per litre with effect from midnight tonight but kept the price of petrol unchanged.

ONGC swamped with offers for hiring deep sea rigs

With the sharp cut in investments by global oil majors leaving drilling rigs with no business, state-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.