BHARAT PETROLEUM

  • 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...
  • Rs 5 lakh fine imposed on Mehta petrol pump for defrauding customers February 15, 2014

    Local authority has imposed a fine of Rs 5 lakh on a petrol pump and ordered its sealing for two days for defrauding the customers. District Magistrate Mukesh Bansal took action against the Mehta petrol pump at Station Chowk in Raigarh, which is an outlet of Bharat Petroleum Ltd, for short...
  • Delhi: HC asks Bharat Petroleum to vacate land for metro construction January 30, 2014

    New Delhi: The Delhi High Court on Thursday asked Bharat Petroleum Corporation Limited (BPCL) to vacate the land opposite Hyatt Hotel for construction of a metro station. While rejecting the plea moved by BPCL, seeking stay on construction of Bhikaji Cama Place metro station, a bench of Justice Manmohan said...
  • 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...
  • Diesel price hike may boost refiners, divestment drive January 18, 2013

    Mumbai/New Delhi: India's move to raise the price of subsidised diesel should help with its plans to sell shares in state companies including Oil India Ltd to help bridge the government's fiscal deficit and gives a boost to private oil refiners looking to enter the market for bulk diesel sales....
  • 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...
  • Oil cos put off petrol price cut due to weak rupee June 18, 2012

    New Delhi: Stateowned oil firms have decided to "waitandwatch" the international scenario and the rupeedollar rate before deciding to cut petrol prices. "The Greece vote is behind us now. But the Fitch rating downgrade has led to a sharp fall in rupee against the US dollar. There is high volatility in...
  • 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...
  • Oil companies making profits: Vayalar Ravi June 2, 2012

    New Delhi: Union Minister for Overseas Affairs Vayalar Ravi on Saturday pushed for reduction in petrol prices and said that the oil marketing companies are making false claims that they are incurring losses. He suggested that bold steps should be taken to reduce the recent increase in petrol prices. In...
  • 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...
  • India faces formidable challenges on energy front: PM April 28, 2012

    New Delhi: Stating that India faces "formidable" challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised. "With imports accounting for about 80 per cent of our crude supplies, the...
  • 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...
  • 'Tata Steel India's most admired company' March 6, 2012

    New Delhi: Tata Steel has topped a list of India's 50 most admired companies, while four other companies from the steeltosoftware conglomerate Tata group have also made to the first such rankings. However, the first such list for India, compiled by business magazine Fortune and global management consultancy Hay Group, has...
  • 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...
  • Petrol price hike: Oil companies to meet today January 2, 2012

    New Delhi: Oil companies will meet on Monday to revise rates of petrol because of the weakening rupee. But any hike will need a political clearance given that Assembly Elections in five states are around the corner. A hike of about Rs 2.102.13 per litre in petrol price is likely. Stateowned oil...
  • Oil Min calls for EGoM meet on fuel price hike November 2, 2011

    New Delhi: Oil Minister S Jaipal Reddy on Wednesday called for a meeting of the Empowered Group of Ministers (EGoM) to decide on revising the prices of diesel and LPG. "I have asked for a meeting of the Empowered Group of Ministers (EGoM)," Reddy told reporters after a meeting with Finance...
  • 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 hike fuels anger, another hike soon May 15, 2011

    New Delhi: The Stateowned oil companies increased petrol price by a steep Rs 5 per litre with effect from midnight on Saturday. Hike has been affected to make domestic rates at par with international crude prices which are now at a two and a half year high. The steep hike in...
  • 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...