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IOC, BPCL keen to acquire GAIL to become fully integrated energy firms

Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) are both keen to acquire gas utility GAIL India Ltd to become fully integrated energy companies. 402 more words

Take note! Petrol, diesel prices to change every day from May 1

Daily price change will remove big leaps in rates that need to be effected at end of fortnight

Come May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. 270 more words


25,000 petrol pumps to shut shop on Sundays from 14 May

A section of petroleum dealers said they would shut their retail outlets every Sunday starting May 14. Many see this as a tactic to pressure government for higher commission. 209 more words


Major oil marketing companies mull daily fuel price change

This will help India move to an international standard of fuel pricing

India’s state-run oil marketing companies, which control over 90 per cent of the retail fuel market in the country, are mulling a plan that would allow daily changes in the price of automotive fuels, Economic Times reported on Friday. 178 more words