oil firms

oil firms News

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.

Petrol price down by over Rs 3 per litre,but diesel hiked by 50 paise

Cut in petrol price is the first reduction in rates since May.


Losses on diesel sales at record Rs 14.50 a litre

Diesel losses had last touched about Rs 14 per litre in January,2012.

Oil marketing firms demand one-time hike in diesel price

Losses on sale of diesel at government controlled rates,had dropped to under Rs 3 per litre in May

FM: Cash payouts for oil firms to be limited to Rs 20K crore this fiscal

Finance minister P Chidambaram on Thursday said cash payouts to oil firms in 2013-14 would be limited to Rs 20,000 crore.

Petrol price cut by Rs 2.46 per litre

Fall in petrol price in Asian markets has paved way for oil companies to reduce petrol price.


Oil cos put off petrol price cut due to weak rupee

State-owned oil firms have decided to wait-and-watch" the rupee-dollar rate before deciding to cut petrol prices.

‘OMCs incurred huge losses,nominal profit’

Dismissing “false impression” of having made huge profits,CEOs of the three state-owned oil firms said a combined bailout package totalling a whopping Rs 1,38,500 crore

Oil firms cut jet fuel price by Rs 169.3

The price of aviation turbine fuel (ATF),or jet fuel,in Delhi was reduced by Rs 169.3 per kl.

Oil firms warn disruptions in supply if petrol prices not increased

The companies wants compensation for Rs 48 cr per day loss they incur on selling fuel below cost.