State oil companies’ ability to freely price fuel during an election will likely be tested again as crude oil nears $70 a barrel. Crude oil gained $4 a barrel in a month mainly on contracting supplies from key producers such as Saudi Arabia
Diesel prices across the four metro cities declined for the fourth straight day, with prices falling by 8 to 9 paise on Sunday, data on the Indian Oil Corp website showed.
Grappling a shortfall in tax revenues, the government has pressed cash-rich PSUs like Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) to pay a second interim dividend for the current fiscal after seeking regulatory nods.
Oil Minister Dharmendra Pradhan officially launched the third round of India’s mega oil and gas auctions held under new Open Acreage Licensing Policy (OALP) at Petrotech 2019.
At a time when the Union Cabinet has expanded the ambit of Pradhan Mantri Ujjwala Yojana (PMUY) to all ‘poor people’, the flagship scheme of the BJP government is set to complete 60 million-consumer mark on Monday.
Oil marketing major Indian Oil Corporation Ltd (IOCL) plans to start production from its polypropylene unit at Paradip by December end this year. “The 15 million tonne refinery is already producing diesel, petrol,
The Indian Railways allotted at least 4,300 goods trains or rakes in the past 12-15 months on instruction from Coal India Limited, for supplying about 17 million tonnes of coal to the state-run miner’s non-power consumers
Work for Indian Railways Rishikesh- Karnprayag project in full swing! Addressing the gathering of the investors during the Destination Uttarakhand Investors Summit-2018, Railway Minister Piyush Goyal
In a fillip to ‘Make in India’ and Indian Railways aim to move towards environment-friendly methods, state-run BHEL recently flagged of its first electric locomotive. State-run engineering major Bharat Heavy Electricals Limited
Oil and Natural Gas Corporation (ONGC), has been conferred with two awards under prestigious categories of ‘Exploration & Production – Company of the year’ and ‘Environmental Sustainability – Company of the year’ by Federation of Indian Petroleum Industry (FIPI) on 31 August 2018 at New Delhi.