To spread awareness about the ill-effects of reusing cooking oil, oil marketing companies on Wednesday launched a campaign emphasising the need to redirect used cooking oil for production of bio-diesel.
Hindustan Petroleum, which is a minority partner in the proposed West Coast Refinery, feels Saudi Aramco, the single largest shareholder in the 60 million tonne project, partnering with Reliance will have no impact on the now-stuck project.
Indian Oil, Bharat Petroleum and Hindustan Petroleum will soon shuffle millions of cooking gas consumers between their agencies to expand the customer base for newly-appointed distributors and help make their business viable.
Solar power systems provider Magenta Power has roped in state-owned Hindustan Petroleum Corporation Ltd (HPCL) as a strategic investor as it bids to accelerate deployment of electric vehicle (EV) chargers across India, according to a top company official.
The U.S.-China trade war and the growth of American oil supply will keep crude prices in check, notwithstanding Middle East tensions, according to the head of one of India’s biggest refiners.
Government’s focus on electric vehicles (EVs) is not a matter of concern as it will not have any impact on demand of petrol and diesel for next 10-15 years, says Mukesh Kumar Surana, Chairman & Managing Director, Hindustan Petroleum Corporation Limited (HPCL).
The higher cess, as it will be passed through to the customers, will be neutral for oil companies, says MK Surana, CMD, HPCL.
Shares of state-run Indian oil marketing companies (OMCs) extended their losses on Monday, after closing lower on Friday, the day the Union Budget was presented in Parliament.
Daimler India Commercial Vehicles, a subsidiary of German commercial vehicle-maker Daimler, Wednesday said it has launched a co-branded fleet card in association with oil marketing major Hindustan Petroleum Corporation Ltd to offer its services for its entire range of trucks.
A huge first stage reactor weighing 1,646 tonnes was successfully erected at HPCL’s facility in the city on Tuesday, marking a milestone in the public sector undertaking’s modernisation drive.