State-owned fuel retailers are planning to approach the government to compensate them for their losses while giving a 0.75% discount for cashless payments, two people aware of the matter said.
Overseas fund raising season kicked-off for the year with state-owned Bharat PetroleumBSE 0.36 % Corp mopping up funds at a cheaper rate and NTPCBSE 1.23 % planning similar bond sale within weeks.
MOil marketing company Bharat Petroleum Corp Ltd (BPCL) could raise anything between $500 million to $1 billion by selling dollar bonds to investors abroad as early as next week
Bharat Petroleum on Monday said cashless transactions at its outlets have jumped to 26% after November 8 when high value notes were banned, from 10% time before and expects at least half of all transactions to turn cashless by March.
Ola Money, digital payment solution from Ola, will be accepted at Bharat Petroleum Corporation Limited (BPCL) fuel pumps and LPG distributors across the country, the company announced on Monday. Acceptance of Ola Money in a prominent public utility such as BPCL is another step by Ola towards supporting the government’s vision of a cashless ‘Digital […]
The Union Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan attended the valedictory session of the ‘Make In Odisha’ conclave on Friday at Janata Maidan in Bhubaneswar.
Entry of new players will drive competition at petrol pumps and benefits domestic consumers of petrol and diesel
Both petrol and diesel are already de-regulated and including private players such as Reliance, Essar, Shell besides the public sector oil retailers Indian Oil, HPCL, BPCL, Mangalore Petrochemicals are present in India’s fuel retailing segment. The entry of more players may lead to differential pricing of petrol and diesel at pumps, a move that is followed internationally by fuel retailers to attract customers at pumps.
Entry of new players in India’s fuel retailing sector will soon witness a price war at petrol pumps thereby benefiting domestic consumers of petrol and diesel in line with prevailing international practice.
Indian oil firms led by ONGC Videsh Ltd are mulling buying a part of the $11 billion stake that Russia is selling in its biggest oil firm Rosneft
India and Russia have signed major Sales Purchase Agreement for acquisition of 23.9 per cent stake in Vankor oil block
A record number of 72 new CNG filling facilities have been set up by Indraprastha Gas Limited (IGL) at the retail outlets of Oil Marketing Companies (OMC) like Indian Oil, BPCL and HPCL since January 2016. While 51 out of these 72 CNG fuelling facilities are located in NCT of Delhi, 21 are located in […]