Indian Oil Corporation has commissioned India’s first Hydrogen-Compressed Natural Gas (CNG) fuel dispensing station at its research & development centre in Faridabad, Haryana.
While India’s dwindling domestic oil and gas production is a concern — as it leads to increased dependence on imports — the decision by Opec and its allies to cut oil production by 1.2 million barrels per day starting January
The markets may be trending downward, but the scrips of oil marketing companies (OMCs) are soaring on the bourses. Shares of Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL)
India’s plan to have the world’s largest refinery may get delayed by three years with the 60 million tonne (MT) Ratnagiri refinery in Maharashtra expected to come up by 2025.
Buying interest for physical cargoes of 380-cst high-sulphur fuel oil (HSFO) intensified on Tuesday, after muted trade in the previous two sessions, lifting cash premiums of the fuel to a three-session high.
India’s falling oil and gas production is a matter of concern which the government has sought to address by initiating various reforms in the sector, Petroleum Minister Dharmendra Pradhan said on Tuesday.
India has delayed the commissioning of a giant refinery that state-owned firms are building in tie up with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) by two year to 2025, a senior official at the consortium told Reuters on Tuesday.
India’s fuel demand fell 1.8 percent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.27 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Former chief economic adviser Arvind Subramanian said Monday that the inclusion of petrol and diesel in the Goods and Services Tax (GST) ambit was not possible until the revenues under the new tax regime stabilises.
Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) have invited applications for retail outlet dealership in Jammu and Kashmir.