HINDUSTAN PETROLEUM

  • Bihar government lifts ban on sale of 5 kg LPG cylinders August 8, 2014

    The Bihar government on Friday lifted the ban on sale of 5 kg LPG cylinder, which it had imposed following evidence of their use in the serial blasts at Bodh Gaya in July last year. A release by Minister for Food and Civil Supplies Shyam Rajak said he accepted the plea...
  • Nonsubsidised LPG price cut by Rs 23.50, jet fuel by 1.8 pc June 2, 2014

    New Delhi: Jet fuel prices have been cut by 1.8 per cent and rates of nonsubsidised cooking gas (LPG) by Rs 23.50 per cylinder after the rupee's appreciation lowered import costs. The price of jet fuel, also known as aviation turbine fuel (ATF), at Delhi was cut by Rs 1,285.89 per...
  • IOC tops Fortune India 500 list, RIL second December 10, 2013

    New Delhi: Staterun Indian Oil Corporation Ltd has emerged as the country's biggest company in terms of annual revenue, followed by Mukesh Ambaniled private sector giant Reliance Industries at the second place, as per an annual list of Fortune 500 companies in India. Th 2013 list of the country's 500 largest...
  • Oil Ministry approves sale of 5kg LPG cylinders at petrol pumps November 4, 2013

    After the success of pilot programmes in five metro cities, Oil Minister M Veerappa Moily, on Monday, allowed the sale of 5kg cooking gas (LPG) cylinders at petrol pumps across the country. The scheme, launched on October 5, allowed petrol pumps owned and operated by oil companies in Delhi, Mumbai, Kolkata,...
  • LPG cylinders to be available at petrol pumps in metro cities soon October 2, 2013

    Cooking gas (LPG) will now be available at select petrol pumps in metro cities after the Oil Ministry has allowed sale of small 5kg cylinders at retail outlets. It has also permitted LPG connection portability, allowing consumers to choose or change cooking gas dealer at press of a button, an official...
  • Probe into HPCL fire case on as death toll reaches 25 September 6, 2013

    Visakhapatnam: With one more victim succumbing to his burns Friday, the death toll in last month's fire at the Hindustan Petroleum Corporation Limited's complex rose to 25. A probe is on into the accident, though prima facie a gas leak in the sea cooling water system was attributed to the fire. Appala...
  • Death toll in Visakhapatnam HPCL refinery fire mounts to nine August 26, 2013

    The death toll in the massive fire at state-run Hindustan Petroleum (HPCL) refinery-cum-petrochemical complex in Visakhapatnam has risen to nine with one more worker succumbing to burn injuries on Monday, a PSU official said. 50-year-old S Sanyasi Rao who was undergoing treatment at the Old Care hospital in Visakhapatnam died on Monday, the official...
  • Vizag HPCL fire: Employees go on strike demanding safety measures August 26, 2013

    Visakhapatnam: Two days after a fire broke out at the Vizag Hindustan Petroleum Corp refinery, employees have gone on a strike demanding better safety measures and compensation. One person was killed and 30 others were injured after a fire had engulfed an under-construction building in the Vizag plant. HPCL has...
  • HPCL refinery fire: Chandrababu Naidu demands high-level probe August 24, 2013

    TDP president N Chandrababu Naidu on Saturday demanded a high-level probe into the fire at state-run Hindustan Petroleum (HPCL) refinery complex in Visakhapatnam in which eight persons were killed. "A high-level expert committee should probe into the mishap," Naidu said after visiting the site on Saturday. He also visited various hospitals in...
  • Death toll in HPCL refinery fire in Visakhapatnam rises to 10 August 24, 2013

    The death toll in the major fire that broke Friday in the state-owned Hindustan Petroleum Corporation Ltd (HPCL) refinery in Andhra Pradesh's coastal city of Visakhapatnam rose to 10, police said on Saturday. Six charred bodies were recovered from the mishap site on Saturday, taking the toll to 10. Two bodies...
  • ONGC, oil stocks gain after diesel price hike proposal January 10, 2013

    Mumbai: Shares in Oil & Natural Gas Corp rose as much as 3.6 per cent on January 10 as part of a rally across oil companies after the oil ministry moved a proposal to raise diesel prices to the federal cabinet. The oil ministry has proposed to raise diesel prices by...
  • Diesel price may go up by Rs 10/litre in next 10 months December 27, 2012

    New Delhi: Diesel prices may be hiked by Rs 10 per litre over a 10month period and kerosene rates increased by same quantum over the next two years if a proposal of the Oil Ministry is accepted. The price hike is being considered as the government scrambles to find ways...
  • Eight Indian companies in Fortune 500 list July 9, 2012

    New York: Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out of the eight, five are staterun entities. With an annual revenue of $86,016 million, Indian...
  • ATF rates cut by 5 pc, biggest reduction since 2010 June 16, 2012

    New Delhi: In a major relief to cashstrapped airlines, jet fuel (ATF) prices were on Friday reduced by a massive 5 per cent, the steepest reduction in rates since February 2010. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by...
  • Oil companies deny Vayalar Ravi's profit claim June 4, 2012

    New Delhi: Three stateowned oil companies have issued a statement denying that they are making huge profits and stated that the petrol price hike was necessary. The statement came in response to a letter by Overseas Indian Affairs Minister Vayalar Ravi to Oil Minister S Jaipal Reddy saying the claim made...
  • All eyes on oil firms; will petrol prices be cut? June 1, 2012

    New Delhi: Petrol prices may be revised on Friday with companies talking about a scope of cutting rates by Rs 1.501.60 a litre. BPCL CMD RK Singh said on Thursday that prices could be cut by 1.5 to 2 rupees a litre if there is a drop in international crude...
  • Cut taxes or face petrol price hike: IOC to govt April 17, 2012

    New Delhi: Staterun oil companies have served an ultimatum to the government that they will raise petrol prices by Rs 9.6 a litre if excise duty is not cut or they are not provided compensation for Rs 49crore per day loss on fuel sale. "We have been very patient, not raising...
  • Hike petrol price or face disruption: Oil PSUs April 2, 2012

    New Delhi: Public sector oil companies have warned of disruptions in fuel supply if they are not allowed to raise petrol prices. Oil companies want the government to compensate them for the Rs 48 crore per day loss that they are incurring by not hiking petrol prices. The Indian Oil Corporation...
  • Oil firms warn of disruptions in fuel supply April 2, 2012

    New Delhi: Stateowned oil companies on Monday warned of disruptions in fuel supplies if they are not allowed to raise petrol price or compensated for the Rs 48 crore per day loss they incur on selling fuel below cost. "The situation is very critical. We are losing Rs 7.67 per litre...
  • Fuel price hike: Cos push for over Rs 5/litre March 6, 2012

    New Delhi: With electioneering in five states coming to an end, stateowned oil companies are pushing for raising petrol price by over Rs 5 per litre but the actual increase would depend on the government nod. "We are losing Rs 5.10 per litre on petrol currently," a senior oil company official...
  • Oil firms halt fuel supplies to AI, flights disrupted February 2, 2012

    New Delhi: Stateowned oil companies on Thursday halted supplies of jet fuel to Air India for failing to honour payments even after expiry of the 90day credit period, partially affecting the airline's flights. Air India officials said on Thursday night around a dozen flights were delayed, mainly in Delhi, Mumbai...
  • Govt to reserve 27 pc of petrol pumps for OBCs January 20, 2012

    New Delhi: In a significant policy change, the government plans to reserve 27 per cent of new petrol pumps and LPG agencies for Other Backward Classes (OBCs). Presently, 25 per cent of the sites for new petrol pumps are reserved for Scheduled Caste (SC) and Scheduled Tribe (ST) persons. "We are...
  • AI to combine 13 flights due to financial crisis May 28, 2011

    New Delhi: Faced with a twin attack from oil PSUs and operators of Delhi and Hyderabad airports asking it to clear their dues, Air India on Saturday drew up plans to combine13 flights spread over a few sectors till the start of the lean season from midJune. In a bid to...
  • Petrol prices go up by Rs 5 per litre May 14, 2011

    New Delhi: In the biggest ever price increase of the fuel, stateowned oil companies hiked petrol price by Rs 5 per litre with effect from midnight on Saturday. The steep hike in petrol price is likely to be followed by a Rs 4 per litre increase...
  • Petrol prices may change every fortnight July 8, 2010

    New Delhi: Stateowned oil firms may opt to revise petrol prices every fortnight to reflect changes in the global oil market in the free pricing regime that kicks in from next week. Petrol prices were freed from government control last month resulting in a Rs 3.50 per litre hike in...
  • Aviation fuel costlier, air tickets to get dearer April 16, 2009

    New Delhi: Staterun oil companies on Wednesday raised prices of jet fuel or Aviation Turbine Fuel (ATF) for the third time in a month, this time by about 6.7 per cent, in step with international rates, which are firming up. IndianOil, Bharat Petroleum and Hindustan Petroleum had on April 1 raised...
  • Many firms show interest in Cairn crude February 22, 2007

    New Delhi: Cairn India's Rajasthan crude oil will begin flowing from 2009 but the company and its 30 per cent partner ONGC have already found customers in the form of both private and public sector oil retailing companies. Private sector refiners Reliance and Essar Oil and staterun firms Bharat Petroleum and...
  • Mittal to invest Rs 3,200 cr in HPCL February 20, 2007

    New Delhi: Indiaborn billionaire Lakshmi N Mittal will invest Rs 3,200 crore for a 49 per cent stake in Hindustan Petroleum Corp Limited's (HPCL) underconstruction Rs 16,200 crore refinery at Bhatinda in Punjab. A partnership agreement for Bhatinda has been reached. Mittal Investment Sarl and HPCL will hold 49 per cent...