Data released by the union petroleum ministry shows that the under-recovery of state-run oil marketing companies (OMCs) on sale of diesel has risen to 10.27 per litre for the second fortnight beginning February 16 from Rs 9.22 in the first fortnight of the month. This is despite the 45 paise per litre hike in diesel prices effected by these firms recently in the second dose of a
Tag: sale
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IOC seeks clarity before raising stake in HPL
Indian Oil Corporation (IOC), which holds nearly nine per cent stake in Haldia Petrochemicals (HPL), would decide on raising its stake once clarity emerges, RS Butola, Chairman of IOC informed. The firm is expecting clarity on the first right of refusal by another promoter, The Chatterjee Group (TCG), on the stake
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IOC seeks clarity before raising stake in HPL
Indian Oil Corporation (IOC), which holds nearly nine per cent stake in Haldia Petrochemicals (HPL), would decide on raising its stake once clarity emerges, RS Butola, Chairman of IOC informed. The firm is expecting clarity on the first right of refusal by another promoter, The Chatterjee Group (TCG), on the stake
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Industry body wants to retail fuel of private oil firms
Reports indicate that the Federation of All India Petrol Traders, which accounts for 42,000 of India's 45,000 pumps, seek permission to retail the fuel products of private oil marketing companies like Essar Oil, Reliance Industries (RIL). Right now, according to an agreement with state-run OMCs, these traders can market the fuel of only the thre
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Industry body wants to retail fuel of private oil firms
Reports indicate that the Federation of All India Petrol Traders, which accounts for 42,000 of India's 45,000 pumps, seek permission to retail the fuel products of private oil marketing companies like Essar Oil, Reliance Industries (RIL). Right now, according to an agreement with state-run OMCs, these traders can market the fuel of only the thre
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OMCs’ under-recovery for diesel rises
Data released by the union petroleum ministry shows that the under-recovery of state-run oil marketing companies (OMCs) on sale of diesel has risen to 10.27 per litre for the second fortnight beginning February 16 from Rs 9.22 in the first fortnight of the month. This is despite the 45 paise per litre hike in diesel prices effected by these firms recently in the second dose of a
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Odisha govt’s mining policy does not find favour with centre
Media reports indicate that the union mines ministry may send an advisory to the Odisha government warning against the proposed measures of the state government. Especially, the mines ministry may advise the state government against proceeding with a proposed move asking holders of mining lease (pending renewal) to sup
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Odisha govt’s mining policy does not find favour with centre
Media reports indicate that the union mines ministry may send an advisory to the Odisha government warning against the proposed measures of the state government. Especially, the mines ministry may advise the state government against proceeding with a proposed move asking holders of mining lease (pending renewal) to sup
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ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea
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ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea