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State-run oil companies gain ahead of ONGC results

Last Updated: Wednesday, August 13, 2014, 11:29

Among retailers, Hindustan Petroleum Corp gains 3.3 percent, Bharat Petroleum Corp advances 3.1 percent while Indian Oil Corp is higher by 2.9 percent.

Petrol price likely to be cut on Independence Day

Last Updated: Tuesday, August 12, 2014, 20:19

Diesel price revision is due only on September 1 as per the policy of raising rates every month.

IOC posts Rs 2,523 crore profit in June quarter

Last Updated: Tuesday, August 12, 2014, 17:18

Indian Oil Corporation (IOC), the nation's biggest oil firm, Tuesday reported a net profit of Rs 2,523 crore in the June quarter after government and upstream firms made good most of its losses on fuel sales.

Petrol price cut by Rs 1.09 per litre; diesel gets costlier

Last Updated: Thursday, July 31, 2014, 19:38

The revisions will be effective midnight tonight, Indian Oil Corp, the nation's largest oil firm, announced on Thursday.

Hike in LPG rates to affect only 1% of consumers: Govt

Last Updated: Thursday, July 03, 2014, 16:48

Days after the price of non-subsidised cooking gas (LPG) was hiked by Rs 16.50 per cylinder, the government Thursday said the increase will impact less than 1 percent of the consumers.

Losses on diesel more than double to Rs 3.40 a litre

Last Updated: Tuesday, July 01, 2014, 20:05

With escalating violence in Iraq spooking international oil markets, losses on the sale of diesel have more than doubled to Rs 3.40 a litre even after monthly price increases.

Petrol price hiked by Rs 1.69/litre, diesel by 50 paise

Last Updated: Monday, June 30, 2014, 20:02

Petrol price was on Monday hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets.

Losses on diesel dip to new low of Rs 1.62 a litre

Last Updated: Monday, June 16, 2014, 19:23

Losses on sale of diesel have dipped to a record low of Rs 1.62 per litre, raising the prospect of deregulation of the nation's most consumed fuel.

Diesel price hike lifts oil firms' stock by up to 6.5%

Last Updated: Monday, June 02, 2014, 18:49

Shares of three oil marketing companies - BPCL, HPCL and IOC - on Monday rose by as much as 6.5 percent after diesel prices were hiked by 50 paise a litre.

Losses on diesel dip to new low of Rs 2.80 a litre

Last Updated: Sunday, June 01, 2014, 12:11

The losses have fallen rapidly since March as prospect of a stable and decisive government under Modi helping rupee gain against dollar.

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.