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India Earnings >> Current News
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Hindustan Petroleum Corporation
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FM should not rob oil companies to show a lower deficit       23rd-May-2013
The finance ministry’s best and only option is to free market pricing of diesel and cap the subsidies on kerosene and cooking gas so that subsidies can be cut.
BPCL, IOC seek gasoline after long absence       22nd-May-2013
HPCL is aiming to restart the unit by the last week of June, which is expected to create a domestic oil product shortfall in the interim, traders said.
Oil retailers plunge on export parity pricing talks         22nd-May-2013
Oil ministry has in-principal agreed to adopt export parity pricing for petroleum products after a meeting with finance minister and PMO, OMC stocks are down 4-6% following the news.
HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit       22nd-May-2013
The crude unit was shut on May 16 following a fire that hit a pipeline attached to the unit.
HPCL shuts CDU unit after fire at Visakhapatnam refinery       17th-May-2013
The fire, which was put out immediately, resulted in the shutting down of a 3 million tonnes a year crude distillation unit (CDU) at the refinery, one of the officials said.
No LPG to houses with multiple-connections from June 1        16th-May-2013
Cooking gas or LPG supplies to households having unverified multiple connections will stop from June 1, state-owned oil firms announced on Thursday.
Diesel price hiked by 90 paise per litre effective midnight       10th-May-2013
On Friday May 10 diesel prices by Rs 1.02 litre. It was the fourth increase in prices this year.
Petrol prices cut by Rs 2.50/ltr; no change in diesel price       30th-Apr-2013
Petrol price is cut by Re 2.50 per litre excluding VAT with effect from midnight today across India following a decline in international crude oil prices, however there is no change in diesel price, Indian Oil Corporation said while announcing the price
We are still losing Rs 3-4/ltr on diesel sale: BPCL's CMD       30th-Apr-2013
After the government allowed fuel retailers to hike diesel price at regular intervals, companies have witnessed a significant cut in under-recoveries.
OMCs should hike diesel prices more often: Kirit Parikh         23rd-Apr-2013
Kirit Parikh, former Planning Commission member and oil-and-gas expert, says in an interview to CNBC-TV18, that consumers have accepted revisions in petrol prices and less frequent price revisions would lead to OMCS charging more.
Oil Min pushing for daily petrol price revision: Sources       23rd-Apr-2013
The oil ministry is pushing state-run oil companies to revise petrol price daily in line with international rates and the rupees value against the dollar, exclusive sources tell CNBC-TV18.
Oil Min pushing for daily petrol price revision: Sources       23rd-Apr-2013
The oil ministry is pushing state-run oil companies to revise petrol price daily in line with international rates and the rupee's value against the dollar, exclusive sources tell CNBC-TV18.
Why oil marketing cos may not gain much from falling crude       23rd-Apr-2013
Brokerage firm Credit Suisse feels oil marketing companies like BPCL, HPCL and IOC may not gain a lot from falling crude prices, as expected by the market.
OMCs can easily afford to cut prices by 2-2.5/litre: Expert         16th-Apr-2013
The oil marketing companies could easily afford to bring down the price of petrol by at least Rs 2-2.50 per litre, says Narendra Taneja, energy expert.
Domestic gas price hike could be delayed: Sources         16th-Apr-2013
The government’s plan to hike domestic gas price may get delayed as the petroleum ministry appointed Kelkar Committee is yet to give recommendation on gas pricing, say exclusive sources.

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