IOC to transport fuel to Tripura via Bangladesh

PSU major Indian Oil Corporation (IOC) will soon conduct a trial run for transporting fuel to Tripura through Bangladesh. During the trial run, the IOC will transport three LPG tankers and seven tankers of petrol and diesel through Bangladesh from Guwahati.  Each LPG tanker can transport 17 tonnes of gas, while each oil tanker has the capacity of carrying […]

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IOC, HPCL, BPCL post Rs 18,480 crore loss in Q1 on restrained fuel prices

State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost. According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and […]

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Indian cabinet approves BPCL unit’s $1.6 billion investment plan in Brazil

India’s Union Cabinet  gave approval to state-owned Bharat Petroleum Corporation Ltd (BPCL) to invest an additional $ 1.6 billion in a Brazilian oil block. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved additional investment by Bharat PetroResources Ltd (BPRL), a wholly-owned subsidiary of BPCL, for the development of the BM-SEAL-11 Concession […]

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