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ONGC weighs raising stakes in Russian oil despite Shell snub

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 […]

IGL net profit rises 9 pc in Q4

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 […]

Domestic fuel prices won’t rise as much as international rates: Oil ministry official

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 […]