Fuel value takes a toll on refining margins

NEW DELHI : The upward push in costs of liquefied herbal fuel and an international provide crunch has impacted the gross refining margins (GRM) of oil advertising firms, stated other people within the know of the traits. Two officers acutely aware of the traits stated this has precipitated OMCs, as the 3 state-run firms are … Read more

Cupboard okays ₹22,000-cr grant to state-owned OMCs to hide LPG losses

New Delhi: The Union Cupboard on Wednesday licensed ₹22,000 crore as one time grant to state-owned oil shops for losses in home cooking gasoline prices. The grant will probably be disbursed amongst Indian Oil Company Restricted (IOCL), Bharat Petroleum Company Restricted (BPCL) and Hindustan Petroleum Company Restricted (HPCL). “The Union Cupboard chaired by way of … Read more

Coal India to ink MoU with 3 PSUs for coal to chemical merchandise

Easing the way in which for putting in coal-to-chemical initiatives via Floor Coal Gasification (SCG) path, Coal India Restricted (CIL) will ink Memorandum of Enterprise (MoU) with Bharat Heavy Electricals Restricted, Indian Oil Company and GAIL (India) on 27 September. Thru SCG path, coal is transformed into syngas that may be due to this fact … Read more

IOC to take a position ₹2 tn for net-zero carbon function

NEW DELHI : State-run Indian Oil Corp. Ltd (IOC) will make investments ₹2 trillion in levels to succeed in the net-zero carbon emission goal by way of 2046, chairman and managing director Shrikant Madhav Vaidya mentioned on the 63rd annual normal assembly of the corporate. Vaidya mentioned the corporate had made an in depth plan … Read more