hindustan petroleum

Diesel costs enhance once more, petrol charges stay unchanged

On Sunday, the diesel worth was raised by 25 paise per litre, marking the second hike in charges after state-owned oil companies deserted a three-week charge freeze after worldwide oil costs surged to their highest degree since 2018. In line with a worth assertion from state-owned gas sellers, the worth of diesel has been raised …

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India’s September diesel gross sales stay beneath pre-COVID ranges

India’s gasoil consumption slowed within the first half of September from the earlier month, staying beneath pre-COVID ranges as a pick-up in monsoon rains hit mobility and demand for gasoline from the agriculture sector, preliminary gross sales information confirmed. Diesel gross sales by the nation’s state gasoline retailers got here in at 2.1 million tonnes …

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India’s August gasoil gross sales keep weak, gasoline jumps, preliminary information reveals

India’s August gasoil consumption declined from July and stayed beneath pre-COVID 2019 ranges as monsoon rains hit mobility and industrial exercise, preliminary gross sales information from state fuel-retailers confirmed on Wednesday. Indian state retailers final month offered about 4.9 million tonnes of diesel, up 16% from August 2020 and down about 10% from August 2019, …

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World oil majors could also be becoming a member of race for BPCL: Doc

World oil majors could also be teaming up with funding funds which can be already within the race to amass Bharat Petroleum Company Ltd (), a doc detailing steps wanted to finish India’s largest privatisation confirmed. Billionaire Anil Agarwal’s group in addition to two US funds — Apollo World and I Squared Capital – had …

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Capability utilisation at home refineries continues to rise in July

Capability utilisation at home refineries rose to 91% in July in comparison with 83% a 12 months earlier as gasoline demand returned after lockdown restrictions have been eased. The typical utilisation at , the nation’s largest refiner, elevated to 96% from 91% in July final 12 months, as per the official knowledge. , the proprietor …

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Oil bond dues: The rationale behind not decreasing your gas invoice

Finance Minister Nirmala Sitharaman lastly answered the decision of chopping gas costs by pinning the blame on bonds that had been issued underneath the UPA authorities. Oil bonds had been issued by the UPA authorities in lieu of subsidies to Oil Advertising and marketing Firms between 2005-2010 when petrol and diesel costs had been regulated. …

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India’s gasoline gross sales bounce above pre-pandemic ranges: Prelim knowledge

Indian state gasoline retailers’ gasoline gross sales exceeded pre-pandemic ranges within the first fortnight of July, as motorists took again to the roads after states eased COVID-19-related lockdowns. Gross sales of gasoline rose to 1.03 million tonnes within the first fortnight of July, a bounce of about 3.44% over the corresponding 2019 interval, preliminary business …

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