New Delhi: India has invited Saudi Arabia to invest in its strategic oil storage even as it looks to resurrect a USD 44 billion (Rs 3.08 lakh crore) refinery project with the world’s largest oil producer after the BJP-ruled Maharashtra government denied land at the initial site. Saudi Oil Minister Khalid Al Falih, on his […]
Mumbai: The rupee opened 18 paise lower at 70.18 against the US dollar on Friday on increased demand for the greenback from importers and banks amid lower opening of domestic equities. Forex dealers said, strengthening of the American currency in the overseas market weighed on the domestic currency. However, fresh foreign fund inflows, easing crude […]
New Delhi: Petrol and diesel price rose again on Tuesday with a climb of 7 paise in petrol costs whereas diesel was raised by 10 paise per litre. Since the starting of this year, the price of petrol has gone up by about Rs 3.5 a litre and that of diesel by about Rs 5 […]
The construction of the LPG terminal and storage facility proposed at Puthuvype will commence soon, said District Collector K. Mohammed Y. Safirulla after a meeting of stakeholders at the collectorate.
MUMBAI: Gail India has filed an application before the National Company Law Tribunal, opposing a resolution plan that Reliance IndustriesNSE -0.29 % has proposed in partnership with JM Financial Asset Reconstruction Company for Alok IndustriesNSE -2.67 %. In its petition before the Ahmedabad
London: Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across global stock markets, which came under pressure from concern about a US government shutdown and a worsening world economy.
New Delhi: The government is likely to account for a significant portion of its subsidy burden for the current fiscal, including ₹20,000 crore on subsidizing fuel, in 2019-20 to meet the fiscal deficit target for the year to 31 March.
New Delhi: The US decision to let India keep buying oil from Iran after reimposition of sanctions on the Persian Gulf nation is a reassertion that interests of consuming nations can not be ignored, Oil Minister Dharmendra Pradhan said on Saturday.
New Delhi: Petrol price has been cut by over Rs 4 per litre and diesel by Rs 2.33 in the last 18 days on softer international rates, a pace faster than the spike in prices witnessed in the two-month period beginning mid-August.
NEW DELHI: Shares of HPCL (up 2.55 per cent), BPCL (up 1.17 per cent), ONGC (up 0.71 per cent) and Indian Oil Corporation (up 0.28 per cent) were trading with gains during Thursday’s session amid a decline in global crude oil prices.
Mumbai: Petrol and diesel prices rise for the sixth straight day on Tuesday across metros. The price of petrol in Delhi retailed at Rs 77.06 per litre and diesel to Rs 68.50 a litre, according to price notification of Indian Oil Corp (IOC).
Tokyo: Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed US inventories fell to a 3-1/2 year low.