Niko serves arbitration notice on Reliance, BP

During the October-December quarter, M/s Niko (NECO) Ltd defaulted on cash calls, which triggered a default notice, RIL said. Read more »

Why Rs 1 crore fine not be slapped over non-compliance of NGT order: CPCB to Reliance industries

The CPCB had earlier slapped a fine of Rs 1 crore each on three public sector oil companies for their failure to install VRS systems at fuel stations. Read more »

Oilfield auction deadline deferred for second time: DGH

The second round of Discovered Small Fields (DSF) auction opened in August, and December 18 was the original deadline for submission of bids. Read more »

Fuel prices witness upward trend

Petrol price in New Delhi saw an increase of 14 paise and is now being retailed at Rs 70.47 per litre, while diesel price was hiked by 19 paise... Read more »

Cabinet approves Rs 22,594 cr Numaligarh Refinery capacity expansion project

The project is to be completed within a period of 48 months after the approval and receipt of statutory clearances, Union minister Piyush Goyal told reporters while briefing reporters... Read more »

Gail Chief Bhuwan Chandra Tripathi may get third term

Tripathi has been the CMD of GAIL since August 2009, before which he held the position of Director (Marketing) for about two years. Read more »

Fuel prices continue upward march, petrol at Rs 70.41/ltr in Delhi

The last week of 2018 saw a dip in fuel prices, which spilled over to this year. However, prices have been on the rise since January 7. Read more »

Petrol touches Rs 70-mark in Delhi for first time in 2019

This is the first time that fuel prices reached Rs 70-mark in the year 2019. Read more »

Petrol, diesel see sharp price rise on Sunday

State-run oil marketing companies increased petrol rates by 49-60 paise per litre on Sunday, while diesel prices were raised by 59-75 paise across the four major metros. Read more »

Despite widespread protests, management hopeful of commissioning Ratnagiri Refinery by 2025

The statement assumes importance as the BJP-run state government had in November ordered a halt on land acquisition for the project, in view of the increasing protest by the... Read more »