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Reliance Industries has not bought Russian crude oil in January so far, while state-run refiners increased imports amid heavy discounts, according to data. Overall Russian oil imports into India dipped slightly due to the impact of US and EU sanctions

The government is likely to compensate state-run oil firms — IOC, BPCL, and HPCL — with Rs 30,000–35,000 crore for LPG under-recoveries over the last 15 months. The compensation may be funded through additional revenue from the recent excise duty hike

The increase in ATF price will add to the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost

Haldia (WB): Three persons were killed and 44 others suffered injuries in a fire that broke out in the Haldia Refinery of the Indian Oil Corporation in West Bengal’s Purba Medinipur district on Tuesday afternoon, police said. The IOC in a statement said the incident occurred at a unit of the refinery during shutdown related […]

Oil and Natural Gas Corporation had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore

With this order, BHEL has made an entry into the downstream oil & gas process package business.

The sale is part of the asset monetisation agenda of the government aimed at generating revenue from selling to private investors unutilised or part utilised assets.