Bpcl

  • 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...
  • IOCL, BPCL, HPCL move SC for modification of Aadhaar order October 6, 2013

    Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes. IOCL, BPCL and HPCL would mention the matter on Monday for urgent hearing before a bench...
  • RBI opens new window for daily dollar requirements of oil companies August 28, 2013

    Mumbai: As a measure to stabilise the falling rupee, the Reserve Bank of India on Wednesday opened a special window to meet the daily dollar requirements of IOC, HPCL and BPCL. The RBI will buy and sell dollars for a fixed tenure through a designated bank. "On the basis of...
  • 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....
  • Govt to pay state fuel retailers Rs 550 cr oil subsidy November 9, 2012

    New Delhi: India will pay Rs 30,000 crore to state-owned fuel retailers forced to sell at cheaper government-set rates in the first half of the year, said three sources who saw the finance ministry's confirmation letter. The government fixes retail prices of liquefied petroleum gas, kerosene and diesel to protect...
  • Petrol price may be cut by Rs 1.6 per litre October 4, 2012

    New Delhi: Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand...
  • Diesel still cheaper in India than in US, Pak September 16, 2012

    New Delhi: The steepest ever Rs 5.63 a litre hike in price not withstanding, diesel in India is still cheaper than its neighbours Pakistan and Bangladesh as also the US and the European countries. Diesel prices were on September 14 raised by Rs 5.63 per litre to Rs 46.95 a...
  • Diesel price hiked by Rs 5 instead of Rs 17: BPCL September 14, 2012

    New Delhi: Even as the diesel price hike has sparked a nationwide protest, BPCL has defended the decision saying the rise was long overdue. BPCL CMD RK Singh has also said that the diesel price should have been increased by Rs 17, but has been increased only by Rs 5. "In...
  • Mumbai: Terror threat looms over oil refineries September 6, 2012

    Mumbai: The eastern belt of Mumbai is one of India's most sensitive zones. Adjacent to the Bhabha Atomic Research Centre are the HPCL and BPCL oil refineries - one of India's most important fuel supply hub. While BARC is now on a high alert after an inter-state terror module was busted,...
  • Terror threat to Mumbai refineries, police on alert September 6, 2012

    Mumbai: Mumbai's oil refineries have been put on a high alert after an intelligence warning of a possible terror attack. The security at the oil refineries has been stepped up. This comes after an intelligence alert about a plot to target HPCL and BPCL oil depots. The alert specifies the number...
  • CAG to audit under-recoveries of oil companies September 2, 2012

    New Delhi: After oil and gas field contracts, the Comptroller and Auditor General (CAG) wants to audit huge under-recoveries or revenue losses reported by state-run oil retailers on sale of diesel and cooking fuels. Indian Oil Corp (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) sell diesel, domestic cooking gas (LPG)...
  • 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 1.50-1.60 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...
  • 'BPCL may cut petrol price by Rs 1.50 to 2/lt today' May 31, 2012

    There has been a lot of political uproar over the recent petrol price hike since a week. But there could be some talk of rolling petrol prices back partially. It may be recalled that last week, oil marketing companies announced an 11 per cent hike in petrol prices to cut...
  • BPCL, HPCL, IOC rally on petrol price hike May 24, 2012

    Mumbai: State-run oil companies rallied after the government allowed them to raise the prices of petrol, though the action was more mixed for auto stocks. BPCL gained 3 per cent, HPCL added 2.3 per cent, while IOC advanced 2.7 per cent. The impact on auto stocks was more mixed given the proportion...
  • Oil cos may hike petrol prices by Rs 3 per litre March 30, 2012

    New Delhi: State-owned oil firms are pushing for at least Rs 3 per litre hike in petrol price from April 1 to cover part of the spike in cost of raw material. "We are losing Rs 6.43 per litre on petrol and after adding 20 per cent sales tax, the...
  • Petrol prices may change every 15 days: BPCL November 16, 2011

    Mumbai: In a new development, oil distribution company BPCL has suggested that petrol prices are likely to change again over the next few days. According to the company, a regular fortnightly revision is likely to happen in petrol prices. It has further said that rupee depreciation and crude prices would be reflected...
  • Kingfisher flights cancelled to cut losses: Mallya November 10, 2011

    New Delhi: Kingfisher Airlines is going through troubled times as over 100 pilots have quit after they were not paid their salaries even as the company cancelled over 80 flights in the last two days. The cancellation of 80 flights in the past couple of days left thousands of passengers...
  • Over 100 Kingfisher pilots quit: Sources November 10, 2011

    b>New Delhi: Over 100 Kingfisher pilots have submitted their resignations, sources said on Thursday. It is reported that the reason behind the mass resignation is because employees are yet to get their salary for the month of October. The cash-strapped airline cancelled almost 80 flights saying it had to drop flights...
  • Oil retailers move ahead in slippery market August 5, 2011

    Mumbai: Shares of oil marketing companies Indian Oil, HPCL and BPCL recorded smart gains in early morning trade on Friday, despite an overall downward move on the bourses. Analysts said that the stocks have added value amid reports that the government was moving in direction of...
  • Iranian Foreign Minister to visit India July 24, 2011

    Tehran: The Iran's Foreign Minister will visit India in the coming weeks, news agency ISNA quoted an official on Saturday as saying, as the two countries seek a way of ending a standoff over unmet payments for oil exports. Ali Akbar Salehi will hold talks with his Indian counterpart on bilateral...
  • State-run oil companies rally on fuel price hike June 27, 2011

    Mumbai: Led by BPCL, state-run oil companies rallied in morning trade on the BSE on Monday after the government announced a hike in fuel prices to ease pressure on their margins. Shares of Bharat Petroleum Corporation Ltd (BPCL) surged by 8.29 per cent to touch a month's high of Rs 687...
  • Inflation likely to ease further: Pranab May 16, 2011

    New Delhi: Encouraged by the marginal decline in inflation, Finance Minister Pranab Mukherjee on Monday said he was hopeful prices would come down further in the coming months amidst increase in foodstocks and decline in costs of manufactured items. "The April prices have come down both on the manufacturing sector and...
  • Petrol prices to rise by Rs 2.54 per litre January 15, 2011

    New Delhi: State-owned oil companies on Saturday raised petrol prices by Rs 2.50-Rs 2.54 per litre, the second hike in a month, on back of rising crude oil prices. Indian Oil Corp, the nation's largest fuel retailer, will raise petrol prices by Rs 2.50 per litre with effect from midnight on...
  • Fuel prices to go up by Rs 2.96 per litre December 14, 2010

    New Delhi: PSU Oil companies in India will hike petrol prices by Rs 2.96/litre. The fuel price hike will come into effect from Tuesday midnight. While Bharat Petroleum Corporation Limited (BPCL) will hike prices from Tuesday midnight, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) are expected to hike...
  • Staff strike at one oil firm ends, others to follow suit January 9, 2009

    New Delhi: The strike by oil public sector units official is all set to end with all Bharat Petroleum Corporation Limited (BPCL) employees reporting back to work on Friday afternoon. “BPCL workers have called off the strike. HPCL (Hindustan Petroleum Corporation Limited) is working fully,” Petroleum Secretary RS Pandey said in...
  • 50,000 officers of oil PSU cos go on indefinite strike January 7, 2009

    New Delhi: A majority of employees of oil firms stayed away from work at processing plants and refineries across the country on Wednesday following a strike call given by their union. The 50,000-strong oil sector officers association, covering 14 organisations, had called for a strike from 0600 hrs IST on Wednesday...
  • Poll-bound govt plays safe, oil cos bear the loss May 23, 2008

    New Delhi: Crude oil prices on Thursday breached the lofty $134 mark, indicating that a further hike may be on the cards soon. Though the poll-bound Government refuses to hike prices, oil companies are curbing supplies to cut losses. Petroleum major Bharat Petroleum Corporation Limited (BPCL) started rationing fuel petrol pumps...
  • Crude oil prices soar, BPCL starts fuel rationing May 22, 2008

    New Delhi: Crude oil prices have soared to a new record above $134 a barrel and may rise even further. The surge in crude oil prices is finally having its impact in India. Though the poll-bound Government refuses to hike prices, oil companies are curbing supplies to cut losses. Petroleum...
  • Railways to sell tickets at petrol pumps November 12, 2006

    New Delhi: After enlisting the services of several banks and post offices to sell its tickets, Railways now plan to utilise thousands of petrol pumps across the country for the purpose. "We had a meeting with top officials of Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL). We...