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Chevron economist, waiting for Tesla Model 3, says oil cos unfazed by electric cars

A Chevron economist, who has booked a Tesla Model 3 says that major petrochemical companies aren't too concerned by the rise of electric vehicles, as their current numbers total 1 per cent of the automobile market.

Maharashtra: Oil companies to face heat for petrol pump frauds, says Girish Bapat

He also said the government has decided to replace the metallic jars used for testing and verification purposes at the petrol pumps with glass jars, to avoid tampering complaints.

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Government lightens upstream oil companies’ subsidy burden

Finance Ministry has sanctioned Rs 5,223 crore fuel subsidy for the Jan-Mar quarter to cover almost all of the revenue loss.

Private oil companies suggest gas price at $5.7-7.4 per unit

The Modi govt on October 18 last year came out with a formula based on select global gas indices for the pricing of domestic gas...

SpiceJet resumes 75 flights after oil firms supply fuel

Airline had to first pay a part of its pending dues to the oil companies after which partial fuel supply was restored.

As oil subsidy falls, hurdles to sharing holds up payouts

At the start of the fiscal year, the subsidy burden or the revenue loss on sale of controlled products below market price was estimated at Rs 1,04,500 crore.

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Cheaper oil actually hits oil PSU margins

All’s not well with India’s PSU oil companies despite the spate of good news that greeted them recently like the diesel price...

Petroleum ministry refutes CAG on pricing formula, says oil companies’ viability at stake

This too has been challenged by the ministry on grounds of financial compulsions heaped on the oil marketing companies.

Petrol price hiked by 70 paise per litre,diesel by 50 paise a litre

The increase in the fuel prices will be implemented with effect from Wednesday midnight.

2 lakh LPG consumers get subsidy through Aadhaar

Oil companies say they have not got fresh directives regarding transfer of LPG subsidy from the oil ministry.

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Petrol pumps remain shut in Kerala

Kochi, Mar 01 (ANI): Kerala petrol pump owners have gone on an indefinite strike all over the state, demanding renewal of their licenses. The strike, called by the All Kerala Federation of Petroleum Traders has come up following oil companies’ stance of not renewing the licenses of petrol pumps.

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