Oil marketing companies increase price of 19 kg commercial LPG cylinder by Rs 39
LPG Price Hike Update: Oil marketing companies have raised the price of 19 kg commercial LPG cylinders by Rs 39, making the new cost Rs 1,691.50 in Delhi. This follows
Continue readingOil marketing companies increase price of 19 kg commercial LPG cylinder by Rs 39
S M Vaidya steps down as IOC chairman after steering company to unprecedented heights
Revenue from operations also saw a significant growth, rising by 53 per cent from Rs 5,66,354 crore to Rs 8,66,345 crore during the same period. Additionally, IOC’s market capitalisation tripled,
Bharat Petroleum to invest Rs 75,000 crore in expanding refining capacity
Bharat Petroleum Corp plans a ₹75,000 crore investment over the next five years to expand its refining and petrochemical capacities, aiming to cater to the rising energy demand in India.
Continue readingBharat Petroleum to invest Rs 75,000 crore in expanding refining capacity
Govt slashes windfall tax on petroleum crude to Rs 1,850/tonne
After the recent cut this month, the goverment on Friday reduced windfall gains tax on petroleum products to Rs 1,850/tonne from Rs 2,100/tonne effective August 31, said official note. Previously,
Continue readingGovt slashes windfall tax on petroleum crude to Rs 1,850/tonne
Numaligarh Refinery Limited reports progress on mega expansion project
Numaligarh Refinery Limited in Assam announced progress in its mega expansion project, aiming to increase capacity from 3 to 9 MMTPA by December 2025. The company declared a final dividend
Continue readingNumaligarh Refinery Limited reports progress on mega expansion project
ONGC seeks US exemption to take over Venezuelan oilfields' operations
ONGC seeks US exemption to gain operational control of its oil fields in Venezuela. The company has struggled to repatriate $500 million of dividends due to financial issues and US
Continue readingONGC seeks US exemption to take over Venezuelan oilfields' operations
Numaligarh Refinery's Bangladesh business remains unaffected, plans to expand via waterways
Despite the political unrest in Bangladesh, business between Assam-based Numaligarh Refinery Limited (NRL) and Bangladesh continues uninterrupted. NRL aims to extend its reach to northern and northeastern Bangladesh through waterways.
BPCL to invest Rs 75,000 crore in expanding refining capacity
India’s booming economy is driving a significant increase in energy demand. Petroleum product consumption is expected to rise steadily by 4-5% annually for the foreseeable future. Similarly, the demand for
Continue readingBPCL to invest Rs 75,000 crore in expanding refining capacity
BPCL plans new refining, petrochemical projects in next 5-7 years
BPCL is exploring building a new 180,000-300,000 barrels per day (bpd) oil refinery in southern Andhra Pradesh state or northern Uttar Pradesh state, an industry source said in July.