Search For "petroleum"
Oil Marketing Companies increase dealer margins, introduce freight rationa
Updated : 1 year, 4 months ago IST
In a significant decision coinciding with the festival of Dhanteras, the Oil Marketing Companies (OMCs) on Tuesday announced an increase the Dealer Commission payable to petrol pump dealers.
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No shortage of crude but difficult to predict prices because of geo-politi
Updated : 1 year, 4 months ago IST
Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that no one can predict fuel prices because of the uncertainty that has prevailed in different parts of the world.
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AI adoption a 'necessity' for India's oil and gas sector, says Union Minis
Updated : 1 year, 5 months ago IST
The adoption of artificial intelligence has become a necessity for optimising operations in the oil and gas industry, as India navigates the complexities of global energy markets, the Union Petroleum and Natural Gas Minister Hardeep Puri
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"No shortage of oil in world and prices should hopefully come down", says
Updated : 1 year, 5 months ago IST
Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that there is no shortage of oil in the world and prices will come soon, answering the question of the recent upswing in crude oil prices.
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Stock market ends lower on Monday; Investors eye Hyundai listing and RBI m
Updated : 1 year, 5 months ago IST
Bajaj Auto, HDFC Bank, Asian Paints, Mahindra & Mahindra (M&M), and Eicher Motors emerged as the top gainers, while Tata Consumer Products, Kotak Bank, Bajaj Finserv, Bharat Petroleum Corporation Limited (BPCL), and IndusInd Bank were the biggest losers of the session.
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US announces sanctions targeting Iran's petroleum, petrochemical sectors o
Updated : 1 year, 5 months ago IST
The US Secretary of State Antony Blinken said that the US is taking measures to disrupt the flow of revenue that the Iranian regime uses to fund its nuclear program and support terrorist proxies.
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Pakistan faces rampant petrol smuggling, govt on high alert
Updated : 1 year, 5 months ago IST
Pakistani authorities have decided to initiate a crackdown against the smuggling of petroleum products in the country.
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HPCL makes entry into US with export of lubricants
Updated : 1 year, 5 months ago IST
Hindustan Petroleum Corporation Limited (HPCL) has achieved a milestone with its first-ever export of HP LUBRICANTS to the United States, marking its presence in the 30th country globally.
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Indian Oil and Nepal Oil Corporation to work on major petroleum infrastruc
Updated : 1 year, 5 months ago IST
State-owned, Indian Oil Corporation Limited and Nepal Oil Corporation (NOC) have signed a Business to Business (B2B) framework agreement for extension work of the Motihari-Amlekhgunj Petroleum Pipeline (MAPL) and oil storage terminals at Chitwan, as per a statement.
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IOC withdraws proposed Rs 22,000 cr rights issue amid lack of government p
Updated : 1 year, 5 months ago IST
The decision was made during the company's Board meeting held on Monday, September 30th, following the government's decision not to allocate funds for capital support to oil marketing companies (OMCs) in the Union Budget for 2024-25.
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Pak government to privatise several institutions or shut them
Updated : 1 year, 5 months ago IST
Pakistan's Prime Minister Shehbaz Sharif directed the Ministry of Privatization and Industry to oversee the privatization process
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Pakistan: 6 dead in helicopter crash in North Waziristan
Updated : 1 year, 5 months ago IST
A chartered Mi-8 helicopter belonging to Mari Petroleum crashed in North Waziristan on Saturday, killing six and injuring ten others. The crash occurred shortly after takeoff due to a technical fault, with initial investigations showing no signs of sabotage. The Bureau of Safety Investigatio
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