Emkay Global has buy call on Bharat Petroleum Corporation with a target price of Rs 535. The current market price of Bharat Petroleum Corporation is Rs 427.95. Time period given by analyst is one year when Bharat Petroleum Corporation price can reach defined target. Bharat Petroleum Corporation, incorporated in the year 1952, is a Large […]
Category: Oil & Gas
Diesel price goes up for 2nd consecutive day, petrol rate remains unchanged
Diesel prices on Monday shot up again as petrol rates, yet again, remained unchanged amid a volatility in global oil prices. According to Indian Oil Corporation NSE 2.49 %, the country’s largest fuel retailer, diesel prices in the national capital jumped by 25 paisa per litre to Rs 89.32 per litre on Monday, while petrol […]
BPCL to invest Rs 1 lakh cr to become future-ready
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL NSE 1.64 %) plans to invest over Rs 1 lakh crore over the next five years in raising petrochemical production capacity, gas business, clean fuel and augmenting marketing infrastructure, its chairman Arun Kumar Singh said on Monday. The investment will help BPCL prepare for the future where conventional fuels […]
Record-high LNG prices will hurt sector in the long run: GAIL Chairman Manoj Jain
Record-high liquefied natural gas (LNG) prices will hurt the sector in the long run, slow industries’ switch to natural gas, and delay India’s plan of launching LNG-powered trucks, GAIL NSE 2.30 % chairman Manoj Jain has said. While higher prices are expanding the country’s largest natural gas marketer’s margins, they are a “setback” to consumers, […]
Petrol price hiked for first time in 2 months as diesel continues to surge
Petrol and diesel prices rose on Tuesday in all four metros in the country as international crude oil prices climbed to a three-year high. This was the first hike for petrol in over 2 months while diesel prices saw a rise for the fourth consecutive day today. The last increase in petrol rate was on […]
Oil gains for fifth day amid supply constraints
TOKYO: Oil NSE 1.24 % prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up $1.14 or 1.5% at $79.23 a barrel by 0208 GMT, having risen a third […]
New York court pauses tax suit to allow Cairn to settle dispute with India
A New York court has paused Cairn NSE 0.81 % Energy’s pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax […]
Diesel prices increase again, petrol rates remain unchanged
On Sunday, the diesel price was raised by 25 paise per litre, marking the second hike in rates after state-owned oil corporations abandoned a three-week rate freeze after worldwide oil prices surged to their highest level since 2018. According to a price statement from state-owned fuel dealers, the price of diesel has been raised to […]
Allow the refineries in Assam to go ahead with 20 per cent ethanol blending: Himanta Biswa Sarma
Assam Chief Minister Himanta Biswa Sarma, in his push for greener future and cut carbon emission, requested Union Minister for Petroleum and Natural Gas Hardeep Singh Puri to allow the refineries in Assam to go ahead with 20 per cent ethanol blending in their plants. Putting forward his requests at a one-day investors’ meet on […]
Premier Energies raises Rs 200 cr from GEF Capital
Solar equipment maker Premier Energies on Friday said that it has raised private equity worth Rs 200 crore from GEF Capital, a global private equity manager focused on investing in climate solutions. According to the statement, Premier Energies will use the funds as growth capital to enhance its solar PV cell and module manufacturing capacity. […]
View: Inclusion of fuel under GST should be rule-based
As the Indian economy recovers from the Covid shock and climbs a slow grind higher, the unprecedented high retail price of petroleum products remains a concern. While international crude oil price (at around US$75 / barrel) today is nearly 50% lower than its all-time high in July 2008, India’s petrol and diesel prices are higher […]
Diesel prices hiked, petrol remains unchanged
Diesel price on Friday was hiked by 20 paise per litre – the first increase in over two months – as international oil prices soared. Price of diesel went up to Rs 88.82 per litre in Delhi and to Rs 96.41 in Mumbai. Petrol price remained unchanged – at Rs 101.19 a litre in Delhi […]