Indian Oil Corporation has asked consumers not to entertain the illegal practice of LPG delivery men collecting charges in addition to the retail selling price (RSP). In a statement, general manager (corporate communications) R Chidambaram of IOCL southern region clarified that RSP is inclusive of charges to deliver the cylinder at the doorstep of the consumer.
Shrikant Madhav Vaidya will be the new Chairman of the country’s biggest oil firm, Indian Oil Corp (IOC). Vaidya, who currently is Director (Refineries) at IOC, was selected for the top post by government headhunter Public Enterprise Selection Board (PESB) on Thursday,
State-run oil marketing companies lowered the pump price of petrol by 5-6 paise but kept diesel rates unchanged for the third consecutive day across the country on Thursday (December 12).
State-owned oil marketing company Bharat Petroleum Corporation Limited (BPCL) has introduced point-of-sale (POS) machines with their distributors to enable consumers to use their credit or debit cards for the payment of LPG cylinders delivered to their homes.
OPEC on Wednesday pointed to a small deficit in the oil market next year due to restraint by Saudi Arabia even before the latest supply pact with other producers takes effect, suggesting a tighter market than previously thought.
From its beginnings in 1938 when it first struck oil with the aptly named “Prosperity Well”, Saudi Arabia”s energy giant Aramco has delivered unimaginable riches to the kingdom.
In one of the stories in Aesop’s Fables, a villager and his wife owned a hen that laid a golden egg every day. They presumed that the hen must contain a great lump of gold in its womb, and in order to get the gold, they killed her.
Domestic petrol and diesel prices on Tuesday were kept unchanged at existing levels in metros on Wednesday, December 11, according to information provided by the country’s largest fuel retailer, Indian Oil Corp Ltd.
Reliance Industries and Abu Dhabi National Oil Company (ADNOC) on Tuesday signed an agreement to explore setting up of a facility in UAE to produce ethylene dichloride, which goes into making of PVC that is commonly used in pipes, tubes and cable.
A grouping of public sector officers’ associations wants the government to drop the idea of privatising Bharat Petroleum Corporation Limited (BPCL) but said it would not go for a strike to press its cause as it was faced with a “mighty” government.