News WrapGet Handpicked Stories from our editors directly to your mailbox

Oil Marketing Companies

Government approves price revision for procurement of ethanol from December

The price of ethanol from C heavy molasses route be increased from Rs 43.46 per litre to Rs 43.75 per litre.

Sep 04, 2019, 12:47 PM IST

Government releases 6.23 crore LPG connections under PMUY

Pradhan Mantri Ujjwala Yojana (PMUY) was launched by the government May 2016.

Feb 04, 2019, 17:40 PM IST

Oil marketing companies suspend supply of aviation fuel to Air India: Sources

It is learnt that supply of ATF has been suspended for Air India's domestic flights.

Oct 08, 2018, 18:12 PM IST

FinMin allows OMCs to borrow $10 billion with 5 years maturity in phased manner

OMCs will not be required to hedge their exposure.

Oct 04, 2018, 14:42 PM IST

Petrol, diesel prices may be hiked by Rs 4 per litre

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

May 17, 2018, 15:35 PM IST

Oil companies say no directive from govt to defer price hike

This time around Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have reportedly been asked to absorb up to Re 1 a litre hike.

Apr 12, 2018, 11:18 AM IST

Government asks OMCs to absorb fuel price hike; shares slump: Report

Government has reportedly asked the OMCs to absorb Re 1 per litre price hike of petrol and diesel.

Apr 11, 2018, 17:19 PM IST

Govt takes back LPG price hike order after 'contrary' signal

The quantum of hike was doubled through an order dated May 30, 2017.

Dec 28, 2017, 17:17 PM IST

HPCL asks Airtel to transfer LPG subsidies to bank accounts

The move comes after LPG subsidies of millions of customers have been credited to the Airtel Payments Bank accounts without their permission.

Dec 18, 2017, 19:03 PM IST

Petrol pump dealers withdraw all-India strike call

Petrol pump dealers on Wednesday called off their proposed strike on October 13, according to industry body United Petroleum Front (UPF).

Oct 11, 2017, 19:16 PM IST

OMCs to install new device to check refill of fuel/gas:Ram Vilas Paswan

The deadline for installation of new security devices will be decided next week.

Sep 09, 2017, 19:58 PM IST

Be ready to pay more for petrol, diesel

As the oil marketing companies have come up with a decision to hike the dealer commisison they shell out to fuel pump owners, customers must get ready to pay more for petrol and diesel.

Aug 01, 2017, 17:22 PM IST

Subsidised LPG prices to be hiked by Rs 4 per month

The government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year.

Jul 31, 2017, 16:04 PM IST

Daily revision of petrol, diesel rates from today

After the successful pilot in five cities, state-owned oil companies will from June 16 revise rates on a daily basis across all the 58,000 petrol pumps in the country.


Jun 15, 2017, 09:18 AM IST

Petrol pumps call off proposed Sunday off

All petrol pumps in the country, which had announced a weekly `holiday` from May 14 and work on a single shift from May 15, called off their proposed agitation on Saturday, an official statement said here.

May 13, 2017, 16:50 PM IST

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.  

Apr 10, 2017, 16:05 PM IST

Petrol price cut by Rs 1.42 per litre, diesel by Rs 2.01 a litre

Petrol price was on Sunday cut by Rs 1.42 a litre and diesel by Rs 2.01 per litre, the third reduction in rates this month on global cues.

Jul 31, 2016, 18:32 PM IST

Diesel gets costlier by Rs 1.26 per litre: Know the new price list city wise

Know the new prices of diesel in major Indian cities applicable from midnight of June 15, 2016 and June 16, 2016.

Jun 16, 2016, 09:15 AM IST

Fuel shocker! This is why petrol prices are going to surge high

Global crude prices are on the upswing and may soon set domestic petrol and diesel prices on fire.

Jun 10, 2016, 14:59 PM IST

Diesel price cut by Rs 1.30 per litre, petrol by 74 paise

Petrol in Delhi will cost Rs 61.13 per litre from the mid-night tonight as against Rs 61.87 currently. Similarly, a litre of diesel will cost Rs 48.01 compared with Rs 49.31 at present.

Apr 15, 2016, 18:38 PM IST