A day after raising petrol price by a massive Rs 7.54 a litre, state-owned oil companies today indicated that rates may be cut at the next revision cycle due early next month on account of softening in global oil prices.
Oil companies surged by almost 3 per cent in early trade on the BSE after petrol prices were hiked by Rs 1.82 per litre from today
For the second time this month state-owned oil companies today hiked jet fuel or ATF price by 1. 5 per cent as falling rupee made oil imports
For the second fortnight in a row, state-owned oil companies today cut jet fuel prices by about 4 per cent after international oil rates cooled off from a two-year high.
US President Barack Obama on Tuesday urged Congressional leadership to take immediate action to eliminate unwarranted tax breaks for the oil and gas industry and to use those dollars to
Soaring oil prices are turning some energy companies into accidental environmentalists: They are building clean, solar-powered systems to pull crude out of their aging wells.
But this is no public
With global crude oil prices crossing the USD 100 per barrel mark, the losses state-owned fuel marketing companies incur on selling diesel below cost has reached a record Rs 9.
State-run oil marketing companies IOC, HPCL and BPCL have seen their losses on diesel sales climb to almost Rs 7 per litre amid a steep rise in international crude prices.
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