Pradhan bats for IOC’s Haldia refinery expansion; writes to fellow Union ministers

Oil Minister Dharmendra Pradhan has sought the personal intervention of his cabinet colleagues handling the chemicals and fertilizers and shipping ministries to get 175 acres of land needed for state-owned Indian Oil Corporation’s (IOC) Haldia refinery expansion project in West Bengal. IOC is building a new processing unit to improve the quality and production capacity […]

DGCA allows airlines to provide concession in air fares to customers with no baggage

MUMBAI: Aviation regulator DGCA on Friday allowed airlines to provide concessions in air fares to customers travelling with no check-in baggage. The move comes days after the Directorate General Civil Aviation (DGCA) provided greater flexibility to domestic carriers on fixing ticket prices by increasing the minimum fare band on domestic flights tickets. “As part of […]

Auto-fuel prices may rise further by Rs 3/litre to support OMC marketing margins

Retail prices of auto-fuels may rise by another Rs 3/litre as state-run oil marketing companies (OMCs) will likely want to improve their marketing margins amid rising global crude and product prices, analysts feel. The marketing margin of Rs 1.56 per litre in the ongoing quarter till date is the lowest encountered by OMCs in the […]