Friday, January 27, 2023

BPCL

Commercial LPG price slashed by Rs 91.5/cylinder; ATF rates cut marginally

The price of commercial LPG used in hotels and restaurants on Thursday was slashed by Rs 91.5 per cylinder on softening international prices, but oil companies have made no changes in rates of domestic cooking gas and rather began...

BPCL extends ‘doorstep’ diesel delivery

Bharat Petroleum Corporation limited (BPCL) launched door delivery of diesel facility at NES Dimapur NH 39 on Tuesday.The facility the second of its kind in the state was inaugurated by Head Retail East, Debashis Naik in presence of other...

IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14 in Q1FY23: Report

Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report said.The...

‘Clearances given for Mumbai-Ahmedabad bullet train’

The Maharashtra government has given all the clearances for expediting the Mumbai-Ahmedabad bullet train project, Deputy Chief Minister Devendra Fadnavis said on Thursday.The development comes barely a fortnight after the change in government in the western state. The previous...

Govt gives ONGC, Vedanta freedom to sell crude oil

The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulated one of the last few avenues...

Selling fuel at loss: Pvt retailers to govt

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like...

Cabinet approves disinvestment of 29.54% stake in HZL

With the government finances coming under stress due to the latest excise duty cut on petrol and diesel, the Cabinet on Tuesday approved the sale of the Centre’s residual 29.54% stake in Hindustan Zinc (HZL) worth about Rs 38,000...

Budget may see higher target; focus on NMP

India’s Union Budget FY23 is likely to set a higher divestment target for the coming fiscal with more focus being set on the National Monetisation Pipeline (NMP).Notably, the conclusion of the Air India divestment as well as upcoming listing...