Mathura: Villagers in Mathura have helped unearth a crude oil racket worth hundred of crores of rupees. Oil was being siphoned off from the main pipeline of Indian Oil Corporation between Salayan in Gujarat and the Mathura refinery.
An FIR has been registered against three persons for allegedly pilfering crude oil. A person named Mukesh had taken some land from Dharmendra near the pipeline in the village and used to steal crude oil from the pipe which was passing from the land, police said. On a tip-off from villagers, police on Friday recovered two valves and about 100 metres pipe used for stealing the oil, they said.
An FIR has been registered against Mukesh, Dharmendra and one more person in the case, SSP Pradeep Yadav said, adding that they all are absconding. "Though the patrolling of the pipeline is done regularly, the pilferage must have been done when the patrolling team had gone to other side," Chief operating Manager Mathura Bharatpur pipeline E Haq said.
The leakage could not be detected since line flow rate was very low. Normally computer detects line flow rate if it is beyond 3 per cent, Haq said. "I am confident that none of our staff is directly or indirectly involved," he said. However to prevent future thefts of crude, a meeting of high officials would be called and ways would be found, he said....
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10:53 AM, Apr 13, 2013
New Delhi: Indian Oil Corporation (IOC) on Thursday cut price of retail diesel in Delhi by 4 paise per litre with effect from Monday, while subsidised LPG rate was hiked by Rs 11.50 per cylinder in the city. Earlier on March 22, diesel price was hiked nationwide by 45 paise per litre, excluding VAT. It was the third increase in the rate of nation's most consumed fuel since January, 2013....
01:44 PM, Apr 04, 2013
The price of non-subsidised cooking gas (LPG) was on Monday reduced by Rs 3 per cylinder in line with fall in international rates. A 14.2-kg LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of 9 subsidised bottles in a year, will cost Rs 901.50 from Monday, according to Indian Oil Corp (IOC). ...
04:39 PM, Apr 01, 2013
A day after India voted in favour of the UN resolution on war crimes in Sri Lanka, sources said diplomatic ties between the two neighbouring countries are beginning to crackdown. On Thursday, Sri Lanka announced plans to partially take over an oil storage depot from the Indian Oil Company's Sri Lankan arm. ...
07:29 AM, Mar 22, 2013
India on Thursday denied reports that Sri Lanka had decided to reposses a part of a strategic oil depot Indian Oil as was announced by Information Minister Keheliya Rambukwella. An official spokesperson of the Ministry of External Affairs said that India has been assured that such reports were not correct. ...
08:58 PM, Mar 21, 2013
A powerful country-made bomb was recovered from a bag near the main gate of the Indian Oil Corporation's ( IOC) oil refinery on Tuesday. The bomb was kept in a bag in front of the gate of the refinery in Noonmati area of the city, police said. ...
03:15 PM, Feb 26, 2013
An oil pipeline at Makum in upper Assam's Tinsukia district was on Tuesday damaged in an explosion for which United Liberation Front of Assam (ULFA) claimed responsibility. The explosion in the pipeline of the Indian Oil Corporation-Assam Oil Division (AOD) created a 4-ft crater in Pachim Mamarani area, AOD sources said, adding there was no report of any casualty. ...
05:15 PM, Jan 29, 2013
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. ...
04:59 PM, Jan 18, 2013
Within days of the fire at Indian Oil Corporation's (IOC) Hazira terminal, Gujarat Chief Minister Narendra Modi on Tuesday questioned the central government over the delay in implementing the MB Lal Committee's recommendations to prevent recurrence of such incidents. ...
02:26 AM, Jan 09, 2013
Three people were killed and one reported missing in the major fire in storage tank number four of the Indian Oil Corporation (IOC) terminal in Hazira which was contained after a 21-hour operation by the fire brigade team on Sunday. Earlier, the bodies of two people had been recovered from near the tank number 4. ...
12:58 PM, Jan 06, 2013
The fire that broke out at Indian Oil Corporation's Hazira Depot on Saturday is still raging on and four people have been reportedly missing. ...
08:06 AM, Jan 06, 2013
A major fire broken out on January 5 at storage tanks of Indian Oil Corporation's terminal at Hajira port here, fire brigade officials said. Fire brigade personnel from Surat and nearby cities were trying to bring the fire under control. ...
04:35 PM, Jan 05, 2013
Diesel prices may be hiked by Rs 10 per litre over a 10-month 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 to meet an unprecedented Rs 160,000 crore deficit expected this fiscal on selling diesel, cooking gas (LPG) and kerosene below their production...
04:32 PM, Dec 27, 2012
New Delhi: Finding it difficult to surrender the extra cooking gas LPG cylinder you have? Help is now just a click away. Consumers owning more than one LPG connection can now surrender the extra one online. All that they have to do is log-on to their respective company site and fill in surrender details and forget the rest. After that it will be the responsibility of the LPG dealer to...
06:47 PM, Nov 19, 2012
Kannur: The Indian Oil Corporation remains non-committal on giving compensation to the victims of the gas tanker lorry disaster even more than two weeks after the tragedy which claimed the lives of 20 persons including women and children at Chala here. The director board of the IOC, which met in Mumbai on Friday, didnt consider the proposal for giving compensation to the victims and their families. The report concerning the...
01:50 PM, Sep 17, 2012
New Delhi: With losses widening to Rs 3.56 per litre, public sector oil firms on Thursday sought an immediate hike in petrol price but were unsure if the government will allow them to do so. State-owned oil firms had last hiked petrol price by Rs 0.70 per litre with effect from July 24 and since then global oil rates have soared more than USD 12 per barrel. "We are losing...
08:59 PM, Aug 09, 2012
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02:10 PM, Jul 02, 2012
New Delhi: Indian Oil Corporation on Thursday slashed petrol price by Rs 2.46, to be effective from midnight. State-owned oil firms, which had last month hiked petrol price by a massive Rs 7.54 a litre, had on June 3 cut rates by Rs 2.02 per litre. Petrol in Delhi will cost Rs 67.78 a litre with effect from midnight as against Rs 70.24 a litre, three oil marketing companies announced...
07:38 PM, Jun 28, 2012
New Delhi: State-owned oil firms have decided to "wait-and-watch" the international scenario and the rupee-dollar 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 the market. For now we will watch the situation," said a top official at one of the three state-owned...
08:17 PM, Jun 18, 2012
New Delhi: Three state-owned 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 by oil companies that they are running in loss seems to be untrue in view of the profits they...
07:08 AM, Jun 04, 2012
