Order of the National Green Tribunal in the matter of In Re: News Item Titled "Neglected Katora Houz in Hyderabad’s Golconda Fort Cries for attention appearing in ‘The Siasat Daily’ dated 25 May 2025". The application was registered suo-motu based on the news item titled “Neglected Katora Houz in Hyderabad’s …
Oil minister M Veerappa Moily on Monday ruled out a rollback in the Rs.1.50-a-litre hike in petrol and 45 paise a litre increase in diesel rates, saying only a small raise has been passed on to consumers. “I think everybody would appreciate that we have not put a lot of …
Indian Oil Corporation review meeting later this week The next phase of rise in diesel prices seems, unlike earlier, to be a non-combined exercise from the three government oil marketing companies ( OMCs). On January 17, the government allowed Indian Oil Corporation ( IOC), Hindustan Petroleum Corporation (HPC) and Bharat …
The government will pay Rs 25,000 crore additional cash subsidy to state-owned fuel retailers to make up for part of the revenue they lost on selling auto and cooking fuel below cost this fiscal. The Finance Ministry on February 7 issued a "comfort letter" to Indian Oil Corp (IOC), Bharat …
Assam-based Numaligarh Refinery Ltd (NRL), which has a massive expansion plan of its refinery on the cards, is eyeing the Bangladesh market to sell products in near future. A senior company spokesperson confirmed Business Standard that NRL was exploring the neighbouring country’s market and business discussions with Bangladesh Petroleum Corporation …
New Delhi: Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the …
With an eye on bigger imports, the oil marketing firm may get its French partner Total to set it up State-run oil marketing firm Hindustan Petroleum Corp Ltd (HPCL) is planning to invest Rs 600-700 crore to set up its second underground liquefied petroleum gas (LPG) storage facility in Mangalore. …
The government’s decision to cap the number of subsidised LPG (liquefied natural gas) cylinders seems to have brought cheer to oil companies as their auto gas segment has registered significant growth since last September. IndianOil Corp Ltd, for instance, saw a growth of around 22 per cent in volumes and …
Their first target could be bulk buyers but state-owned companies are well-entrenched in that market At 65 million tonnes per annum, diesel accounts for nearly 40 per cent of all petroleum products sold in the country. Not surprisingly, it is a huge opportunity for private oil marketing companies. Now that …
Looking at ways to stop bulk diesel users from securing fuel from retail outlets With dual pricing for diesel in place, oil marketing companies (OMCs) are looking at ways to stop bulk diesel users from securing the fuel from retail outlets. The three public sector OMCs — Indian Oil Corporation, …
Govt has permitted oil companies to increase diesel price by 45 paise a month Bulk consumers will have to pay market price, to be revised every fortnight; Consumers would get nine subsidised cooking gas cylinders a year, instead of six at present Unwilling to announce a hike in diesel price, …
Faced with a hefty bill of close to R1 lakh crore this fiscal towards compensating oil marketing companies on selling diesel below cost and naysaying by the finance ministry, the petroleum ministry is set to ask the bulk consumers of the fuel to buy it at market rates. Currently, bulk …
To align with global prices and curb energy subsidies Prime Minister Manmohan Singh on Monday reiterated his position of “phased rationalisation of energy prices to bring them in line with global prices” for “meeting the target of rapid, inclusive and sustainable development” and curbing energy subsidies. Speaking at the foundation …
Diesel, kerosene and cooking gas prices could be raised soon while the government might separately take up a proposal to raise the cap on supply of subsidised LPG cylinders. The government may take a look at raising the cap on supply of subsidised LPG cylinders to 9 per household in …
Plans to charter floating terminal land-based project to be ready by '16 Petronet LNG Limited is planning to charter a floating LNG (liquefied natural gas) storage and regasification unit (FSRU) to bring LNG to the AP coast early by 2014 while it expects to complete the land-based LNG terminal at …
The oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 …
Hike being mulled as govt scrambles to find ways to meet Rs 1,60,000 cr deficit expected this fiscal on selling diesel, LPG and kerosene below production cost Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the …
Integrated refinery expansion project gets environmental clearance Kochi Refinery Ltd (KRL), which is embarking on big-ticket expansion plans in the southern state of Kerala, has received the crucial green clearance from the Union ministry of environment & forests last month. This will help the company to go ahead with the …
The three firms -- IOC, RIL and BPCL -- have retained their last year's respective ranks State-run Indian Oil Corp is the biggest company in terms of revenue, followed by Reliance Industries, according to the Fortune 500 list of Indian companies for 2012. This year's list of the country's 500 …
Appoints Foster Wheeler as consultant to prepare project report Even as domestic gas production has fallen 8 per cent, Oil India Ltd (OIL) is planning to set up a liquefied natural gas ( LNG) receiving terminal in India. The company plans to set up a 2.5-million tonne (mt) capacity terminal. …
The Union Ministry of Environment and Forests has cleared Bharat Petroleum Corporation Limited’s Kochi refinery expansion, paving the way for the facility here to become the largest public sector refinery in the country. Completion of the Integrated Refinery Expansion Project will take the capacity of the refinery to 15.5 million …
