oil PSUs

Ready to supply Euro-VI fuel to Delhi from April, says IOC

The nation's biggest oil firm, IOC will source the fuel from its Mathura refinery, while Hindustan Petroleum Corp Ltd (HPCL) will do so from its joint venture refinery at Bhatinda. Bharat Petroleum Corp Ltd (BPCL) supply the fuel from its Bina refinery.

Nov 22, 2017, 15:27 PM IST
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.

Apr 06, 2016, 17:55 PM IST
Cabinet clears revised crude oil import policy for upstream PSUs

Cabinet clears revised crude oil import policy for upstream PSUs

This will provide a more efficient, flexible and dynamic policy for crude procurement, eventually benefiting the consumers.


Apr 06, 2016, 16:29 PM IST

Slots of 'sacked' independent directors lie vacant at Oil PSUs

Months after the BJP government sacked most of the independent directors at top oil PSUs, the boards of blue chip firms like ONGC and GAIL are functioning with most of those positions still lying vacant.

Mar 23, 2015, 16:09 PM IST

BP raises petrol prices at select fuel stations

Oil PSU Bharat Petroleum (BP) has raised petrol prices by almost 12 paise a litre at select fuel pumps here designated as platinum outlets.

Nov 26, 2014, 23:15 PM IST

Swachh Bharat: Oil PSUs to build over 5400 toilets in schools

ONGC will build toilets in 2,500 in 26 districts spread over 13 sates, IOC 1,000 toilets, especially for girls, GAIL 1,021 toilets while refiners Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will together build 900.

Oct 02, 2014, 20:44 PM IST

Oil PSUs buying some US dollar requirements from SBI

"We (oil PSUs) are buying some dollars from SBI," IOC Director (Finance) P K Goyal told reporters here.

Nov 08, 2013, 21:46 PM IST

Finance Ministry seeks 30% dividend from oil PSUs

The Finance Ministry has asked all profit-making oil PSUs to pay a minimum 30 percent dividend in the current financial year.

Nov 04, 2013, 18:28 PM IST

Setback for Centre as SC maintains Aadhar card not mandatory

In a setback for Centre, the Supreme Court on Tuesday maintained that Aadhar card is not compulsory for availing social benefits.

Oct 08, 2013, 11:05 AM IST

Three oil PSUs move SC for modification of Aadhaar order

Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.

Oct 06, 2013, 13:48 PM IST

Moily red-flags Finance Ministry proposal on fuel pricing

Red-flagging the Finance Ministry move to cut subsidises by changing fuel pricing norm, Oil Minister M Veerappa Moily on Wednesday said not compensating oil PSUs for their losses will put question mark on their survival.

Mar 06, 2013, 15:34 PM IST

Govt bars oil PSUs from setting up self-funded petrol pumps

With petrol pumps mushrooming all over the country, the government has barred oil PSUs from setting up new outlets at their investment.

Dec 06, 2012, 16:50 PM IST

Oil companies to pay Rs 800 for every free LPG connection in Delhi

Petroleum Minister Veerappa Moily on Friday approved raising financial contribution of oil PSUs to the free LPG connection being provided by the Delhi government to poor using kerosene as cooking fuel.

Nov 16, 2012, 20:38 PM IST

Oil PSUs to lose Rs 178,491 crore despite diesel price hike

A steep Rs 5.63 per litre hike in diesel prices notwithstanding, state-owned fuel retailers are likely to end the fiscal with a staggering Rs 178,491 crore of revenue loss on selling diesel and cooking fuels below cost.

Sep 20, 2012, 19:14 PM IST

Oil PSUs losing Rs 1.37 a litre on petrol: Govt

State-owned oil firms are losing Rs 1.37 a litre on petrol despite last month's Rs 0.70 per litre hike in price, Oil Minister S Jaipal Reddy said Tuesday but did not indicate if the rates will go up anytime soon.

Aug 14, 2012, 15:21 PM IST

Ministry says no to oil PSUs buying ADB stake in Petronet LNG

The Oil Ministry has refused permission to public sector oil companies for acquiring Asian Development Bank's stake in Petronet LNG Ltd (PLL) so as to keep the nation's largest liquefied natural gas importer a private company.

May 13, 2012, 14:06 PM IST

Former bureaucrats, bankers likely to be on oil PSU boards

Sources said Pillai has been shortlisted for Hindustan Petroleum Corporation Ltd (HPCL) board, while Saran has been chosen for Indian Oil Corp (IOC) board.

Nov 23, 2011, 21:14 PM IST

Oil PSUs may post loss of Rs 1,21,000 cr on fuel sales in FY'12

State fuel retailers may post a whopping Rs 121,000 crore revenue loss on selling diesel, domestic LPG and kerosene at government-controlled rates this fiscal, Oil Minister S Jaipal Reddy said Friday.

Aug 26, 2011, 14:35 PM IST

NTPC signs pact with oil PSUs for gas supply

NTPC has signed agreements with GAIL, Indian Oil Corp and Bharat Petroleum Corp for sourcing gas for its power project at Kayamkulam in Kerala.

Dec 04, 2009, 22:15 PM IST