After IOC, govt to sack ind directors of ONGC, HPCL, MRPL
After sacking four independent directors of IOC, the Narendra Modi-government is now seeking to remove nine similar Congress-appointees from the board of ONGC, HPCL and MRPL.
Aug 31, 2014, 11:03 AM IST
Oil marketing companies' shares gain on lower crude prices
Shares of state-owned oil marketing companies -- BPCL, HPCL and IOC -- surged up to 4 percent on Tuesday amid falling crude oil prices.
Aug 19, 2014, 18:08 PM IST
Oil marketing companies to get Rs 11K crore on subsidy in Q1
Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like ONGC.
Aug 11, 2014, 12:48 PM IST
Pradhan defends oil PSUs after CAG rap
The retail price for diesel, LPG and kerosene has always been lower than cost and the difference has been met through subsidy support.
Jul 31, 2014, 17:34 PM IST
Govt seeks Rs 15,546-crore fuel subsidy from upstream cos
Indian Oil Corp (IOC) will get Rs 8,107 crore from upstream firms in fuel subsidy support for the first quarter while Hindustan Petroleum Corp Ltd (HPCL) will get Rs 3,608.88 crore.
Jul 31, 2014, 12:58 PM IST
HPCL-Mittal shuts VGO unit at Bathinda refinery after fire
HPCL-Mittal Energy Ltd, part owned by steel tycoon L. N. Mittal, has shut a vacuum gas oil unit on Friday after a fire at its 180,000 barrels per day Bathinda refinery, its managing director Prabh Das said.
Jun 20, 2014, 12:17 PM IST
