OMC shares drop after excise duty on petrol, diesel raised
Shares of three listed state-owned oil marketing companies (OMC) fell up to 4 percent at close today, after the government raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel.
Dec 02, 2014, 18:31 PM IST
Revenue losses on LPG, kerosene shrink by 21%
Losses on sale of subsidised LPG and kerosene have dropped by 21 percent to Rs 148 crore per day as international oil rates hit a five-year low.
Dec 01, 2014, 18:24 PM IST
Diesel deregulation to benefit consumers, says Essar Oil
The government's decision to deregulate diesel will be advantageous for consumers, Essar Oil said on Saturday.
Oct 18, 2014, 22:57 PM IST
Modi govt's big reform push: Diesel deregulated, natural gas price hiked
In a major reform push, the government on Saturday deregulated diesel prices but hiked natural gas tariff by 46 percent that will push up fertiliser, power, CNG and PNG rates.
Oct 18, 2014, 20:13 PM IST
Diesel deregulated; prices cut by Rs 3.37 per litre
In a bold reform decision, the government on Saturday decided to deregulate the price of diesel with immediate effect, leading to a fall of Rs 3.37 per litre with effect from midnight tonight.
Oct 18, 2014, 19:33 PM IST
Cut in diesel prices by Rs 3.56 per litre in offing
A Rs 3.56 per litre cut in diesel prices is in the offing as slump in international oil prices have helped nearly doubling of profit on India's most consumed fuel.
Oct 16, 2014, 17:09 PM IST
Falling crude prices to have favourable impact: Mayaram
Finance Secretary Arvind Mayaram on Wednesday said declining crude oil price will have favourable implications for the country, but there was no need to be overly optimistic about it.
Oct 15, 2014, 17:05 PM IST
Diwali gift: Diesel likely to get cheaper by Rs 2.50/litre
A Rs 2.50 per litre cut in diesel prices and a little less than Re 1 a litre on petrol is in offing as international oil rates fell to a 27-month low.
Oct 08, 2014, 18:34 PM IST
Petrol price slashed by 65 paise per litre
Oil marketing companies on Tuesday cut petrol prices by 65 paise per litre on the back of softening international oil rates.
Sep 30, 2014, 20:56 PM IST
Cut in petrol, diesel price put off till Modi's return from US
Diesel price is likely to be cut by about Re 1 per litre, the first reduction in rates in over five years, while petrol price may be slashed by around 55 paise after Prime Minister Narendra Modi returns from the US.
Sep 30, 2014, 19:11 PM IST
Diesel rate likely to be cut by Re 1/litre, petrol by Rs 1.75
Diesel price is likely to be cut by about Re 1 per litre, the first reduction in rates in over five years, while petrol price may be slashed by Rs 1.75.
Sep 30, 2014, 13:47 PM IST
Diesel price may be cut for 1st time in 7yrs; Petrol by Re 1/lt
With Brent crude oil prices dipping below USD 100 per barrel, petrol prices may be cut by Re one a litre and there is also a likelihood of first reduction in diesel rates in seven years.
Sep 09, 2014, 21:41 PM IST
Diesel likely to be cheaper by up to 75 paise/litre
Oil marketing companies may cut diesel prices by 50 to 75 paise per litre in their scheduled mid month review due to fall in international crude prices.
Sep 09, 2014, 14:16 PM IST
Petrol likely to be cheaper by up to 80 paise/litre
Oil marketing companies may reduce petrol prices by 50 to 80 paise per litre on the back of softening in international rates.
Aug 20, 2014, 13:03 PM 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
Monthly diesel price hike may end soon
Oil retailers will suffer no losses on diesel after a hike in prices in September.
Aug 19, 2014, 14:01 PM IST
Petrol to be cheaper by Rs 1.89-2.38 per litre
Oil marketing companies will cut petrol prices by Rs 1.89 -2.38 per litre from midnight of August 14/15, Oil Minister Dharmendra Pradhan said on Wednesday.
Aug 13, 2014, 17:11 PM IST
Petrol prices likely to be slashed by up to Rs 2.40 per litre
Sate-run oil marketing companies may cut petrol prices by up to Rs 2.40 per litre at their scheduled review meeting on Friday with the rates of crude declining in the international market.
Aug 12, 2014, 15:13 PM IST
CAG flays govt's fuel pricing policy; says RIL, Essar Oil given undue benefits of Rs 667 cr
State-owned fuel retailers buy diesel from private refiners as their own production is insufficient to meet domestic demand.
Jul 18, 2014, 18:30 PM IST
Moody's expects govt to reduce fuel subsidy bill
Rating agency Moody's expects the government to reduce its fuel subsidy bill through a gradual process that in turn will lead to higher product prices and prove credit positive for oil marketing companies.
Jul 01, 2014, 19:44 PM IST
