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Mon, 06 Feb 2012 11:09:40 -0800

Subsidy share of ONGC, OIL, GAIL to rise in Q3
Burdened by the highest fuel subsidy this year, the government has increased subsidy contribution of upstream oil companies, Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and GAIL India to 38 per cent for the nine months ended December 31, 2011, at Rs 36,894 crore. This is higher than the 33 per cent paid during the first six months. In the FY11, upstream companies shared 39 per ...
Wed, 18 Jan 2012 11:38:20 -0800

Crude price cap for ONGC, OIL mooted
To tackle the rising petroleum subsidy burden, the government is considering capping the price that government-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) realise on crude sales.
Thu, 26 Jan 2012 10:44:34 -0800

Subsidy burden zooms for ONGC & OIL, to impact Q3 nos
The subsidy burden of upstream oil companies Oil Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) have more than doubled in the third quarter ended December 31.
Sun, 15 Jan 2012 16:00:00 -0800

MRPL revs up for fuel retail
The state-owned marketing companies, that are theoretically free to decide petrol prices, chose not to pass on a Rs 1.80-per-litre loss this fortnight, primarily on the advice of the government in view of the upcoming Assembly polls.
Fri, 27 Jan 2012 03:42:07 -0800

Dependence on imports on the rise; domestic Dec gas output falls 10.8%
With the gap between demand and supply constantly widening, higher dependence on imported and more expensive oil and gas is on the rise. Domestic crude oil and natural gas output in December was down 5.6 per cent and 10.8 per cent, respectively, year-on-year.
Tue, 17 Jan 2012 00:35:57 -0800

HPCL attributes ‘odour' to weather
APPCB Environmental Engineer Usman Ali Khan says the obnoxious smell was caused by the refinery
Fri, 27 Jan 2012 04:06:09 -0800

Subsidy burden zooms for ONGC, OIL
The two government upstream companies, along with GAIL, make good a third of the losses made by government oil marketing companies.
 
Mon, 06 Feb 2012 12:00:16 GMT


Moneycontrol.com

Upstream Oil Firms To Shell Out Rs.36900 Cr. Towards Fuel Subsidy
NASDAQ
Fuel retailers Indian Oil Corporation Ltd. (IOC), Hindustan Petroleum Corporation Ltd. (HPCL) and Bharat Petroleum Corporation Ltd. (BPCL) incurred a revenue loss of Rs.97300 crore on selling diesel, LPG and kerosene at government controlled rates ...
Subsidy share of ONGC, OIL, GAIL to rise in Q3Business Standard

all 46 news articles »
Tue, 07 Feb 2012 19:20:07 GMT


No oil quota for bullock carts from this month
Indian Express
Officials of Hindustan Petroleum Corporation Ltd (HPCL) confirmed that no bullock carts have been used for transportation since February 1, as per the instruction. Sources said Indian Oil Corporation Ltd (IOC) and Bharat Petroleum Corporation Ltd ...

and more »
Sat, 28 Jan 2012 03:52:02 GMT


India Today

Oil and finance ministries spar on subsidy bill
India Today
... India Ltd (OIL) and gas utility GAIL, while the downstream oil marketing companies Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) should be exempted from the subsidy burden.

and more »
Wed, 01 Feb 2012 09:35:15 GMT


HPCL Q3 results postponed on Feb 09, 2012
Equity Bulls
Hindustan Petroleum Corporation Ltd has now announced with reference to the earlier announcement dated January 19, 2012 regarding Q3 results on February 03, 2012, that the Board Meeting scheduled on February 03, 2012 for consideration of the Unaudited ...

Tue, 17 Jan 2012 17:28:37 GMT


GSPC to continue Egypt explorations
Times of India
Two Central government PSUs, Oil India Corporation and Hindustan Petroleum Corporation Ltd, and the Adani Group, are junior partners with GSPC in individual blocks in exploration. Withdrawal from Egypt would have meant the state government would have ...

and more »
Thu, 19 Jan 2012 08:36:20 GMT


HPCL to announce Q3 results on Feb 03, 2012
Equity Bulls
A meeting of the Board of Directors of Hindustan Petroleum Corporation Ltd will be held on February 03, 2012, to consider the Un-audited Financial Results of the Corporation for the Third Quarter ended December 31, 2011 (October - December 2011).

Tue, 17 Jan 2012 08:34:11 GMT


HPCL attributes 'odour' to weather
The Hindu
Odour from the industrial area was felt in various parts of the city for the second consecutive day on Monday and in response to complaints, the AP Pollution Control Board sent a team to Visakh Refinery of Hindustan Petroleum Corporation Ltd to examine ...

and more »
 
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