Oil Marketing Companies

  • Oil marketing companies need to increase efficiencies and keep costs in check: Siddharth Zarabi January 18, 2013

    How is the diesel price rise likely to affect the daily life of a common Indian? CNBCTV18's economic policy editor & Delhi bureau chief Siddharth Zarabi joined IBNLive readers for an interaction on the issue. Q. Why is the govt unable to put pressure on oil companies to improve efficiencies, given...
  • Oil companies free to change diesel price, LPG cap raised January 17, 2013

    New Delhi: The Cabinet on Thursday refused to take a call on increasing the prices of diesel, kerosene and LPG and instead put the onus of oil marketing companies to decide on diesel price from time to time. While announcing that the cap on subsidised LPG cylinders will be raised...
  • Oil companies, not govt, suspended LPG price hike: Moily November 3, 2012

    After the government put on hold the Rs 26.50 hike on nonsubsidised LPG cylinders, Petroleum Minister Veerappa Moily said it was the oil companies' decision and not the ministry's, as had been reported. The minister further added that the public sector oil firms will take a call on raising the cap...
  • Petrol price up by 70p/ltr; Mamata demands rollback July 24, 2012

    New Delhi: After two rounds of rate cuts last month, petrol price was on Monday hiked by 70 paise per litre on firming international oil rates. Petrol in Delhi will cost Rs 68.48 per litre with effect from Monday midnight as compared to Rs 67.78 a litre now, stateowned oil...
  • Oil retailers raise ATF price by 3.4 pc February 28, 2011

    New Delhi: For the 10th fortnight in a row, stateowned oil firms on Monday raised jet fuel price by 3.4 per cent in line with spike in crude oil prices. Aviation turbine fuel (ATF) rates in Delhi have been hiked by Rs 1,870 per kilolitre, or 3.4 per cent, to Rs...
  • Govt warns, sees oil firms losing Rs 45,478 cr December 11, 2009

    New Delhi: Public sector oil marketing companies will incur a loss of Rs.45,478 crore in 200910, Petroleum Minister Murli Deora has told the Parliamentary Consultative Committee of his ministry. Chairing a meeting in New Delhi on Thursday evening, Deora said the oil marketing companies "incur underrecoveries of Rs.3.10 per litre of...
  • Government considering hike in fuel prices June 27, 2009

    New Delhi: Union Government would no longer control fuel prices by providing subsidies, sources in the Petroleum Ministry have told CNNIBN. The official announcement would be made in the next few days. Sources add that fuel prices will be deregulated soon, which means the government will no longer control the pricing...