Petroleum

BPCL privatisation stalled as two bidders walkout, one left

The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from bidders in March 2020.

published on : 18th May 2022

Bring petroleum products under GST: OPS

On June 28, 2018, the DMK had given notice for moving a cut motion in the Assembly to discuss the importance of bringing petrol and diesel under the GST,” Panneerselvam recalled.

published on : 12th May 2022

Don’t politicise crude oil purchase from Russia, says India

Petroleum Ministry shoots back at those critical of India’s miniscule oil import from Russia

published on : 5th May 2022

India’s crude output falls 2.67 per cent in 2021-22 fiscal year

India’s crude oil production fell 2.67% in the fiscal year ending March 31, according to the data released by the petroleum ministry on Wednesday.

published on : 21st April 2022

Separate green clearance sought to harness oil reserves

The Ministry of Petroleum has approached the environment ministry to make separate provisions for the clearance of projects for the extraction of crude oil.

published on : 15th April 2022

First step taken towards introducing Uniform Civil Code in Uttarakhand: CM Pushkar Singh Dhami

Dhami said that every institution in Uttarakhand will have to play a role in making it one of the leading states in the country by 2025 when it will celebrate 25 years of its existence.

published on : 14th April 2022

BPCL to invest Rs 200 crore to set up 100 fast EV charging corridors with 2,000 stations

The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit.

published on : 13th April 2022

Fuel demand rises to pre-Covid level; up 4.2 per cent 

India’s fuel demand in March 2022 rose to pre-pandemic level as it witnessed a growth of 4.2% in the month.

published on : 12th April 2022

Odisha signs MoU with BPCL for setting up hydrogen plants

Development Commissioner Pradeep Jena said this is a momentous occasion when a company like BPCL has joined hands with the State government for production of renewable green energy.

published on : 12th April 2022

14th price hike in 16 days makes petrol, diesel dearer by Rs 10/litre 

There had been a pause in the revision of fuel prices since November 4 last year, which ended on March 22, following the crude oil prices going upwards in the wake of the Russian invasion of Ukraine.

published on : 6th April 2022

GST collection hits new record in Odisha

The State collected Rs 44,334.67 crore last fiscal against Rs 29,852.76 crore in 2020-21.

published on : 3rd April 2022

Biden orders release of 1 million barrels of oil per day from US strategic reserve for 6 months to tame gas prices

The underground salt caverns currently hold less than one month's worth of oil at current US consumption levels.

published on : 1st April 2022

SpiceJet, Boeing, CSIR-IIP forge ties for eco-friendly aviation fuel

The coordination is part of their commitment to helping reduce carbon emissions to achieve environmental goals.

published on : 25th March 2022

Indian fuel retailers lost $2.25 billion in last five months: Moody’s

This equates to around 20% of the combined FY2021 EBITDA for the three entities,” reads the report.

published on : 25th March 2022

After IOC, HPCL buys 2 million bbl Russian crude, MRPL seeks 1 million bbl 

Just like IOC, HPCL also bought Russian Urals crude through European trader Vitol, sources with knowledge of the development said.

published on : 17th March 2022
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