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3 days ago
Over 2,000 fuel pumps to remain shut in Kerala on Tuesday

Thiruvananthapuram, July 10 (IANS) With over 2,000 petrol pumps across Kerala threatening to observe a shutdown on Tuesday, serpentine queues were seen outside many stations in the state on Monday. The petroleum dealers have announced the shutdown to protest the new policy of petroleum companies, necessitating daily revision of petrol and diesel prices, saying it's causing them losses.

27 days ago
Daily fuel price revision: India joins select nations

Mumbai, June 16 (IANS) India on Friday joined the league of select countries like the US and Australia where fuel prices are revised on a daily basis. The development comes after the three state-owned oil marketing companies (OMCs) -- Indian Oil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -- rolled-out the daily dynamic pricing mechanism for petrol and diesel from F...

28 days ago
Petrol, diesel prices to come down from Friday

New Delhi, June 15 (IANS) Petrol will become cheaper by Rs 1.12 per litre while diesel price per litre will be lower by Rs 1.24, excluding state levies, from Friday. The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price...

28 days ago
Petrol, diesel prices to come down from Friday

New Delhi, June 15 (IANS) Petrol will become cheaper by Rs 1.12 per litre while diesel price per litre will be lower by Rs 1.24, excluding state levies, from Friday. The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price...

28 days ago
Indian Oil tests protocols for implantation of dynamic pricing

Mumbai, June 15 (IANS) State-run Indian Oil Corp. on Thursday said it has successfully tested all protocol systems related to dealers and customers to ensure a successful roll out of the daily dynamic pricing structure for petrol and diesel prices from June 16. Petrol and diesel prices will be revised daily from June 16 onwards by the three oil marketing companies (OMCs) in sync with glo...

29 days ago
Daily pan-India fuel pricing from Friday, dealers won't strike

New Delhi, June 14 (IANS) The hurdles have been cleared for India to switch over from Friday to the daily pricing mode for transport fuels in line with global rates as petroleum dealers have withdrawn their call for closure of vends on June 16. The government agreed to their demand that the price announcement would be daily made at 6 a.m. instead of midnight. Petroleum Minister Dharmend...

1 month ago
Oil firms set up system for smooth daily fuel price change

New Delhi, June 11 (IANS) State-run oil marketing companies (OMCs) have set up a system for the smooth rollout of the daily revision of transport fuel prices across the country, the biggest OMC Indian Oil Corp (IOC) said on Sunday, even as a petrol pump dealers' body threatened to go on strike against dynamic fuel pricing. Petrol and diesel prices will be revised daily from June 16 onwar...

1 month ago
Petrol/diesel prices to change daily from June 15

Mumbai, June 8 (IANS) Petrol and diesel prices will be revised daily from June 15 onwards by the three Indian oil marketing companies in sync with global crude oil prices, officials said here on Thursday. Daily revision of Retail Selling Prices (RSP) has already been implemented on a pilot basis in Udaipur, Jamshedpur, Visakhapatnam, Chandigarh, and Puducherry from May 1. After t...

1 month ago
Normal monsoon to boost commercial vehicle loans: Moody's, ICRA

Singapore, June 8 (IANS) Credit rating agencies Moody's Investors Service and ICRA on Thursday said a well-distributed and timely monsoon will be pivotal for a continued recovery in the performance of a range of retail loans impacted by demonetisation. According to a statement, Moody's believes that a normal monsoon will boost the performance of commercial vehicle (CV) loans backing Indi...

1 month ago
Petrol, diesel prices to go up from Thursday

New Delhi, May 31 (IANS) Petrol price will be costlier by Rs 1.23 per litre, while diesel price per litre will be higher by 89 paise excluding state levies from Thursday, the Indian Oil Corporation announced on Wednesday. Prices of the two main transportation fuels were last hiked on May 1, when petrol price was increased by 1 paise per litre, while that of diesel was raise by 44 paise a...

1 month ago
Petrol, diesel prices to go up from Thursday

New Delhi, May 31 (IANS) Petrol price will be costlier by Rs 1.23 per litre, while diesel price per litre will be higher by 89 paise from Thursday, the Indian Oil Corporation announced on Wednesday. Prices of the two main transportation fuels were last hiked on May 1, when petrol price was increased by 1 paise per litre, while that of diesel was raise by 44 paise a litre. --IANS<...

1 month ago
IOC awaits Centre nod on dynamic fuel pricing across India

New Delhi, May 25 (IANS) The ongoing dynamic fuel pricing pilot project in five cities by state-run oil marketers, whereby transport fuel prices are changed daily, would only be extended elsewhere in India on receiving the government's green signal, a senior oil executive said on Thursday. We started dynamic pricing in five cities in May. The pilot project is on-going, India Oil Corp (IO...

1 month ago
Petrol, diesel become cheaper in Uttarakhand

Dehradun, May 23 (IANS) With the carbon cess being withdrawn, petrol and diesel have become cheaper in the hill state of Uttarakhand from Tuesday, officials said. Petrol prices have been slashed by 25 paise a litre while diesel prices have come down by 50 paise per litre, the officials said. An order to this effect was issued by the state government late on Monday. The T...

1 month ago
JK Lakshmi Cement's Q4 standalone net profit down 19%

Mumbai, May 17 (IANS) JK Lakshmi Cement on Wednesday reported a decline of 19.40 per cent in its standalone net profit for the quarter ended March 31, 2017. According to the company, its net profit during the quarter under review decreased to Rs 20.85 crore from Rs 25.87 crore reported in the corresponding period of 2015-16. However, the cement manufacturer's total income during ...

1 month ago
JK Lakshmi Cement's Q4 standalone net profit down 19%

Mumbai, May 17 (IANS) JK Lakshmi Cement on Wednesday reported a decline of 19.40 per cent in its standalone net profit for the quarter ended March 31, 2017. According to the company, its net profit during the quarter under review decreased to Rs 20.85 crore from Rs 25.87 crore reported in the corresponding period of 2015-16. However, the cement manufacturer's total income during ...

2 months ago
Petrol hiked by 1 paisa a litre, diesel by 44 paise

New Delhi, May 1 (IANS) With the ongoing fluctuation in global crude oil rates, state-run Indian Oil Corp (IOC) has marginally hiked the price of transport fuels, of petrol by 1 paisa and of diesel by 44 paise both at Delhi with corresponding increases in other states, effective Monday. Prices were last hiked on April 16 with a Rs 1.39 per litre increase in petrol and Rs 1.04 a litre rai...

2 months ago
'Dynamic' daily fuel pricing in some cities from Monday

New Delhi, April 30 (IANS) State-run oil marketers will roll out a dynamic fuel pricing pilot project from May 1 in five cities where the price of transport fuels would be changed daily so as to better cope with volatility in global crude oil prices. Petrol and diesel prices are currently revised on a fortnightly basis. All India Petroleum Dealers' Association President Ajay Bans...

2 months ago
Ambuja Cements net profit jumps 357%

Mumbai, April 28 (IANS) Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim, on Friday reported a 357 per cent increase in its standalone net profit to Rs 247 crore for the quarter ended March 31, 2017 as compared to Rs 54 crore in the corresponding period of previous financial year. The jump in net profit was attributed to sharp reduction in depreciation and amortisation...

2 months ago
Petrol, diesel prices hiked

New Delhi, April 16 (IANS) Petrol price will be up by Rs 1.39 per litre, while diesel price will go up by Rs 1.04 per litre from Sunday, the Indian Oil Corporation announced on Saturday. The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the cons...

2 months ago
Petrol, diesel prices hiked

New Delhi, April 15 (IANS) Petrol price will be up by Rs 1.39 per litre, while diesel price will go up by Rs 1.04 per litre from Sunday, the Indian Oil Corporation announced. The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with t...

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