Category: Oil & Gas

NEW DELHI: Petrol made history at Rs 84.20 per litre in Delhi on Thursday after oil marketing companies raised pump prices by 23 paise per litre, the second since they resumed daily revision on Wednesday after a month’s gap. Diesel prices were also raised by 24 paise to Rs 74.38 per litre, which is still […]

NEW DELHI: Petrol price is set to breach its previous record, thanks to hefty doses of Central and state taxes magnifying the impact of a sharp rebound in global crude as Covid-19 vaccine rollout and Saudi offer to cut output buoyed the market. Petrol price rose 26 paise to Rs 83.97 a litre and diesel […]

MUMBAI: Petrol price soared to a 25-month high of 90.6 a litre in Mumbai on Wednesday, while diesel shot up to an all-time high of Rs 80.78. After a lull for nearly a month, petrol rate was hiked by 26 paise at city fuel pumps. Diesel went up by 27 paise. Both auto fuels have […]

MUMBAI: Powai police arrested two gas cylinder delivery boys from Navi Mumbai for allegedly selling 12 rental cars in Rajasthan on forged documents. Jagdish Bisnoi (23) and Mahendra Godara (19)-both school dropouts-hit upon the idea after they hired a vehicle from Zoomcar to travel to their hometown in Rajasthan in March after the lockdown was […]

NEW DELHI: Prime Minister Narendra Modi on Tuesday inaugurated state utility GAIL’s 450-km pipeline joining Kochi with Mangalore, bringing Kerala and Karnataka closer to the national gas grid. The state-run gas utility will allow the states to breathe easy by giving households, city transport services and industries easier and uninterrupted access to clean fuel at […]

NEW DELHI: Fortune cooking oil has temporarily halted television commercials featuring former Indian cricket captain Sourav Ganguly following a mild heart attack he suffered. But the company insisted the BCCI chief is not being dropped as the brand ambassador and the commercials will be back on air soon. Ganguly last week suffered a mild heart […]

BEIJING: Alibaba founder Jack Ma’s absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire. China’s highest-profile entrepreneur has not […]

The 244 petrol, diesel and CNG pump owners in Mumbai region will not go on strike from Monday as the agitation has been deferred to January 26 as Union petroleum ministry intervened on the issue and called association members for talks in Delhi. Pravin Talreja of United CNG Dealers’ Association said, “On Sunday, we met […]

NEW DELHI: The government may not be able to close the BPCL and Air India disinvestment transactions by March 31, although it is pushing the sale of five large public sector companies, including BEML, for which it sought interest from potential buyers on Sunday. With BEML and Shipping Corporation last week, four large state-run entities […]

MUMBAI: Markets regulator Sebi on Friday fined Reliance Industries, Mukesh Ambani and two other entities a total of Rs 70 crore for alleged manipulative trading in the shares of Reliance Petroleum — which was merged with RIL in 2009— in a case that dates back to 2007. Sebi, in its 95-page order, said in November […]

NEW DELHI: Tired of call dropping while wading through the options thrown up by the IVRS system for booking an LPG cylinder? Well, help is at hand. Oil minister Dharmendra Pradhan on Friday launched a missed call service for ‘Indane’ customers anywhere in the country who can book their refill simply by giving a missed […]

NEW DELHI: India’s diesel consumption continued to cover slack in December but still remained 3% less than the same month of 2019, indicating the economy is gradually coming out of the woods. Diesel consumption, one of the key barometers of economic activity, had fallen 7% from the year-ago period in November after shooting past the […]