Category: Oil & Gas

MUMBAI : BP India has set up a digital hub that will create, grow and deliver a range of digital solutions to help transform BP’s core operations, extend its customer interfaces and support new and emerging business models, the company said on Tuesday. The digital hub will be co-located within BP’s major global business services […]

Reliance BP Mobility Limited (RBML), the joint venture between RIL and BP, will in collaboration with Reliance Foundation, provide free fuel to covid-19 emergency services vehicles across the country, the company said today. On Tuesday RBML flagged off a mobile fuel bowser that will be stationed at the Municipal Corporation office, Worli, transport garage. In […]

Reliance BP Mobility Ltd, the fuel retailing joint venture of Reliance Industries Ltd and BP, has deployed a mobile fuel bowser in Gurgaon for supplying fuel free of cost to ambulances on COVID-19 duty, a company statement said today. In Gurugram, the company’s fuel stations are located outside the city limits, therefore in the effort […]

In the national capital, a litre of petrol will cost ₹94.49 and a litre of diesel will cost ₹85.38. The prices of petrol and diesel were hiked again in Delhi on Tuesday by 26 paise and 25 paise respectively, according to the Indian Oil Corporation, the country’s largest fuel retailer. Fuel prices were hiked by […]

City gas distribution (CGD) companies are looking to expand their retailing business through mobile refuelling units (MRUs), as oil marketing companies are not relenting on lowering commissions for letting distribution companies use their premises for selling compressed natural gas (CNG). Distribution companies are also increasing their own CNG presence. Mumbai-based Mahanagar Gas Ltd (MGL) and […]

A growing fight is unfolding across America as cities concerned about climate change consider phasing out natural gas for home cooking and heating. Major cities including San Francisco, Seattle, Denver and New York have either enacted or proposed measures to ban or discourage the use of the fossil fuel in new homes and buildings, two […]

The prices of petrol and diesel were hiked again in Delhi on Monday, for the 16th time since 4 May, by 29 paise and 26 paise respectively, according to Indian Oil Corporation. In the national capital, a litre of petrol will cost ₹94.23 and a litre of diesel will cost ₹85.15. The price of petrol […]

Americans will hit the road this holiday weekend with the highest gasoline prices in seven years and the White House promising to monitor fuel costs. The national average price at the pump hit $3.045 per gallon this month, the highest since 2014, and was just a 10th of a cent below that on Friday, according […]

Fuel prices were hiked again on Saturday taking petrol price in Mumbai over ₹100 per litre for the first time. Petrol price was hiked up to 26 paise while the price of diesel went up around 30 paise across metros, as per Indian Oil Corporation (IOC) data. In Mumbai, petrol price breached ₹100 mark as […]

MUMBAI : Shares of Reliance Industries Ltd (RIL) surged nearly 6% amid expectations that profitability on petrochem segment may improve after polymer spreads hit decade highs. The stock hit a intraday high of ₹2,095. At 2pm, RIL was up 5.7% at ₹2,091 on the BSE. According to Jefferies India report, polymer spreads are at decade […]

The ministry of commerce and industry will soon clarify that 100% foreign direct investment (FDI) will be applicable in the privatization of Bharat Petroleum Corp. Ltd (BPCL), as the government is exiting the company. The move aims to remove any possibility of confusion, as FDI is now permitted only up to 49% in public sector […]

MUMBAI : State-run Bharat Petroleum Corp. Ltd (BPCL) is looking to complete its privatization process this financial year, if all goes well and covid-19 pandemic does not push the process back, said a top company official. The government, which holds a 52.98% stake in BPCL, is in the process of divesting its holdings, as part […]