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Petrol price cut by 50 paise/litre; no change in diesel rates

PetrolNew Delhi : Petrol price was today cut by Rs 0.50 per litre but there will be no change in rates of diesel. Petrol will cost Rs 60.70 per litre [...]

October 31st, 2015 | Posted in Business,Highlights,Topnews | Read More »

Govt stake sale in IOC subscribed over 57% by 1 pm

indian oilNew Delhi:  As much as 57.50 per cent of the Rs 9,302-crore government share sale in Indian Oil Corp (IOC) was subscribed by 1 pm today, but retail subscription was [...]

August 24th, 2015 | Posted in Business | Read More »

Petrol price hiked by Rs 3.13 a litre, diesel Rs 2.71/L

PetrolNew Delhi: Petrol price was today hiked by Rs 3.13 a litre and diesel by Rs 2.71 per litre, the second straight steep increase in rates this month. The hike, [...]

May 15th, 2015 | Posted in Business,Highlights,Topnews | Read More »

Oil Ministry to give CNG marketing licence

CNGNew Delhi: Oil Ministry is looking to wrest powers to give CNG retailing licence from sectoral regulator PNGRB as it has issued draft guidelines detailing eligibility for rights to sell [...]

March 12th, 2015 | Posted in Business | Read More »

Oil firms face Rs 10,000 cr inventory loss, depreciating rupee

Indian-OilNew Delhi: Indian Oil Corp (IOC) and other state-run fuel retailers have piled up inventory loss of over Rs 10,000 crore which together with depreciating rupee has severely strained their [...]

December 30th, 2014 | Posted in Business | Read More »

Loss on diesel sales falls to Rs 5.49 per litre

DeiselThe loss on sale of diesel has been trimmed by 44 paise to Rs 5.49 a litre after appreciation in the value of the rupee made imports [...]

April 16th, 2014 | Posted in Business | Read More »

Petrol price hiked by 75 paisa a litre, diesel by 50 paisa

PetrolPetrol price was on Friday hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost [...]

January 3rd, 2014 | Posted in Nation,Topnews | Read More »