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4 mins read
After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1
IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…
PTI
1 min read
India's petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch
India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the…
ANI
3 mins read
Stock market closing: Sensex inches over 800 points, Nifty also closes 1.27% up
All broad market indices made a sharp rebound, except India VIX, which dipped by 13.72%. Nifty Next…
2 mins read
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
PTI
1 min read
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
The export of petrol by Indian oil marketing companies (OMCs) rose 142% in a year between 2020-21 a…
1 min read
Govt to give Rs 22,000 cr grant to oil PSUs to cover LPG losses
The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers …
PTI
4 mins read
BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices
The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 f…
2 mins read
Petrol, diesel prices hiked for the sixth time in two weeks
New Delhi, Mar 28 (PTI) Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise…
PTI
4 mins read
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…
PTI
2 mins read
Strong corporate earnings drive markets higher
IndusInd Bank was the top gainer on Nifty 50 which went up 8% after its net profit jumped over…
1 min read
Indian Oil Corporation may monetise hydrogen units to raise ₹10,000 crore
Government sources said that IOC is one of the largest hydrogen producers in the country and s…
2 mins read
Honda Power starts electric battery swap services at HPCL petrol pumps
HEID and HPCL collaborate to start electric battery swap services at HPCL petrol stations.This will…
3 mins read
Petrol prices breach ₹83 per litre in Delhi for the first time in two years, diesel at ₹73.32
Petrol price in Delhi rose to ₹83.13 per litre from ₹82.86. Diesel rates went up from ₹73.07 to…
PTI
2 mins read
Petrol now at an all-time high of ₹84.45 in Delhi, crosses ₹91 in Mumbai
Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notificatio…
PTI
2 mins read
Petrol and diesel price hiked; rates at the highest level since September 2018
Petrol price in Delhi rose to ₹83.41 per litre from ₹83.13. Diesel rates went up from ₹73.32 to …
PTI
1 min read
ONGC set to merge refining subsidiary MRPL with HPCL by June 2021
Sources said that the process of merging ONGC's two oil refining subsidiaries, HPCL and MRPL, wi…
2 mins read
The hike in excise duty on petrol and diesel is good news for these two companies
The rise in the price of petrol and diesel might force many consumers towards Compressed natural…
3 mins read
Sensex, Nifty50 open lower amid mixed market cues – Dabur, Just Dial, Hindustan Zinc among stocks to watch out for
The 30-stock Sensex opened 197 points lower at 61,609, while the 50-stock Nifty50 opened 80 poin…
3 mins read
Reliance Industries topples IOC to become India's largest company
State-owned Oil and Natural Gas Corporation (ONGC) was ranked third, same as in 2018. It was fo…
PTI
1 min read
HPCL shares soar 4% as board considers share buyback on November 4
The HPCL board was to meet on November 4 to consider and approve the financial results of the co…