A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.
The government proposes to set up charging stations for electric vehicles every three kilometres in cities with million-plus population and smart cities, and every 50 km on busy national highways.
Confusion prevailed over a reported directive by the Centre to State-owned oil marketing companies (OMCs) not to increase retail petrol and diesel prices by absorbing a part of the losses due to the recent hike in global crude oil prices.
India’s biggest oil firm IOC today said it plans to invest about Rs 1.43 lakh crore to nearly double its oil refining capacity to 150 million tonnes and boost petrochemical production by 2030.
Petrol price in India today: The uptrend in Indian petrol prices continued today, as the product rose in the range of 15 paisa to 17 paisa per litre in various state capitals. Petrol prices saw a surge despite global crude oil recording drop in today’s trading session. International prices fell about 1% after data showed […]
India’s biggest oil refiner Indian Oil Corp. is planning to invest as much as $3.5 billion in the year beginning April 1, or about a fifth more than the previous year, to expand and upgrade its refineries and boost its marketing network, according to people with knowledge of the matter.
State-owned Indian Oil Corp (IOC) has launched home-delivery of diesel on a pilot basis in Pune and plans to expand doorstep delivery of the fuel to other parts of the country in near future, its Chairman Sanjiv Singh said today.
India’s biggest oil refiner has developed refining processes that may help it save at least $1.5 billion in costs as well as challenge global giants in the technology leasing business.
State-owned Indian Oil Corp (IOC) has bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company as it looks at the South Eastern nation to expand business beyond Indian shores.
Indian refineries booked the largest amount of West African oil to load per day in February since April 2015, helping to shore up a decline in Chinese buying, a Reuters survey of vessel fixtures and traders showed on Friday.