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Fuel price relief as oilcos spare petrol, diesel from price hike

Fuel price relief as oilcos spare petrol, diesel from price hike

NEW DELHI: Oil marketing companies on Wednesday gave momentary relief to consumers from skyrocketing fuel prices by keeping retail price of petrol and diesel unchanged. Accordingly, the price of petrol continued

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Saudi Arabia announces discovery of new oil, gas fields

Saudi Arabia announces discovery of new oil, gas fields

Riyadh: Saudi Energy Minister Abdulaziz bin Salman Al Saud announced on Sunday the discovery of two oil and gas fields in the kingdom, the Saudi Press Agency reported. The two

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Oil companies to report big losses as lockdown shrinks sales

Oil companies to report big losses as lockdown shrinks sales

NEW DELHI: State-owned oil marketing companies (OMCs) including Indian Oil, BPCL, HPCL may see significant erosion in the earnings during the January-March quarter of FY20 even though low crude and

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Subsidy bill on food, fertilizer, oil up 15% at Rs 2.6 lakh cr

Subsidy bill on food, fertilizer, oil up 15% at Rs 2.6 lakh cr

NEW DELHI: Subsidies on food, fertilizer and petroleum have been pegged higher by 15 per cent to Rs 2.64 lakh crore for the 2018-19 fiscal. The subsidy bill on food,

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Evidence of falling oil imports from China and India: UAE

DUBAI: There is evidence of falling oil imports from China and India, though it will take time to judge whether

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