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New Delhi: Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared $80 per barrel mark for the first time in three years. Diesel rates went to Rs 89.57 a litre in Delhi and Rs 97.21 in Mumbai. Prices differ from state to state […]

The Navaratna Public Sector Undertaking has offered to set up the plant with a production capacity of five lakh litres per day with an investment of Rs.1,000 crore.

The disinvestment plan includes strategic sale of IDBI Bank, BPCL, Shipping Corp, Container Corporation, Neelachal Ispat Nigam Ltd, among others.

BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL.

Driven by analytics based on AI and machine learning technologies, the IRIS platform will subsequently trigger automated alerts and actions, including rapid response to equipment failures or hazardous situations.

Govt has told IOC, BPCL and HPCL to look for oil supplies from outside the Middle East region and use collective bargaining power to get favourable terms

On the long-term growth story of India, he said the economy is expected to record double digit growth next financial year.

Engineers India Limited (EIL) which is also a party to the deal, has independently acquired over 3.21 crore equity shares or 4.4 per cent of NRL from BPCL.

The private sector on the other hand remained mute on their marketing initiatives adding a mere 376 fuel outlets

Hindustan Petroleum Corporation's (HPCL) shares were trading at Rs 234.60, lower by 3.62 per cent from its previous close.

Petroleum had been included in the strategic sector as it ensures energy security for the country.

Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd

In 2019, a second attempt was made to sell Pawan Hans but the sale process failed to receive investor response.

Though the dates for next GST Council meeting is yet to be finalised, finance minister sources said its due and may take place anytime after the budget presentation.

BJP, which had promised one crore jobs every year after coming to power, was implementing a disinvestment plan privatising several public sector giants, said Finance Minister

Slams Modi govt for weakening PSUs through disinvestments to hand them over to corporates

Even with multiple suitors, the interest level for BPCL remains low in current subdued market conditions

PNGRB issued an order granting more time to 41 city gas entities to complete their rollout commitment

BPCL has plans to expand its Bina refinery and take efficiency improvement measures at Mumbai refinery. But investment decisions on both the projects are now left for the new owners in the company

We had excellent results both physical and financial. First-quarter refinery performance was dismal due to Covid-19 lockdown. Our strategy of buying crude oil prices at low prices in May and June