Tomorrow

Upstream oil major ONGC will have to factor in an additional Rs 2,000 crore hit from a changed subsidy sharing formula for the last fiscal as it comes out with its fourth quarter results in a few days.

JAIPUR: Thanks to the steep rise in petrol prices, the exchequer will be richer by another Rs 500 crore, to be paid by the residents of the state alone.

People of Rajasthan will be paying a lot more than other cities like Delhi for petrol.

Chief executives of state-run oil companies have rushed to Delhi to seek Petroleum Minister Jaipal Reddy

State-owned Bharat Petroleum Corp Ltd (BPCL) on Wednesday said it will raise capacity at its just commissioned Bina refinery in Madhya Pradesh to 9 million tones.

The six million tonnes a year, or 120,000 barrels per day, unit was commissioned in January this year and will be formally inaugurated by Prime Minister Manmohan Singh on May 20, BPCL chairman and managing director RK Singh said.

THE government has decided to pay .

Ajay Modi / New Delhi December 16, 2010, 0:28 IST

Despite raising petrol prices by around Rs 2.95 a litre

Sujay Mehdudia

OMCs were told to hold back hike till Parliament session ended
They are losing Rs. 4.17 a litre on sale of petrol currently

NEW DEHLI: State-run oil major Bharat Petroleum Corporation Limited (BPCL) on Tuesday raised petrol prices by Rs. 2.95 a litre.

The hike would come into effect from Tuesday night.

Mumbai, Nov. 29: Bharat Petroleum Corp Ltd (BPCL) and Videocon Industries annou-nced a major natural gas discovery in the offshore space in Mozambique on Monday.

Ethanol blending with petrol has resumed after more than a year. Last week, sale of blended petrol started in Bangalore, Mathura and parts of Gujarat.