India to reexamine BPCL divestment after planned expansion: source The government put the privatisation of BPCL on hold as it only got a single bid, the source, who did not want to be named, said. NEW DELHI: India‘s government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner […]

ONGC weighs raising stakes in Russian oil despite Shell snub ONGC  NSE -1.59 % is weighing the options of placing more bids for Western companies’ stakes in multiple Russian oil and gas fields even as its first bid for Shell‘s 50% stake in Salym fields in Siberia has not been accepted, people familiar with the matter said. “The war will not […]

Indraprastha Gas Limited (IGL), the largest CNG distribution company in the country, on Wednesday reported a 9 per cent increase in its net profit in the quarter ended March 2022, on rise in gas sales volume. Net profit increased to Rs 363.08 crore in the January-March quarter from Rs 332.08 crore in the corresponding period […]

Amethi (UP): Union Minister Rameswar Teli on Wednesday said that petrol and diesel cannot be controlled till India increases production that the country is dependent on international market for its fuel nee “About 83 per cent of oil consumed in the country is imported by us. W dependent on international market, and till we increase […]

Domestic fuel prices won’t rise as much as international rates: Oil ministry official New Delhi: Domestic fuel prices will not rise in tandem with international prices as consumers need to be protected, an oil ministry official has said, defending a curb on free pricing. He backed reasonable profit for refiners but warned against ‘profiteering’ by them. There was no […]