India aims for 50% of fuel stations owned by public sector oil companies to be operated by solar power within five years under the government's green energy drive, its oil minister said
1 min read8 Sep 2020The govt panel has recommended allowing marketing rights for sale of gasoil, gasoline and aviation fuel to firms with a net worth of ₹250 croreThe cabinet is expected to approve the proposal in four to six weeks, the report says
2 min read7 Aug 2019Essar Oil has long relied entirely on funding from Indian banks while the new shareholders want to reduce exchange costs by adding alternative financing sources and directly use dollars to buy its oil instead
1 min read20 Mar 2018Oil minister says a three-pronged strategy has been adoptedrapid expansion of digital payment infrastructure, spreading awareness, and incentivizing consumers
1 min read21 Apr 2017The 0.75% discount on petrol, diesel may result in up to Rs700 crore hit for Indian Oil, Bharat Petroleum and Hindustan Petroleum
1 min read13 Dec 2016BP will set up 3,500 fuel stations in India
2 min read6 Oct 2016An app that is a treasure trove of information for car enthusiasts
1 min read5 Jul 2016In addition to some of the oil and gas assets being included in the deal, Essar oil will also rebrand its fuel stations to include Rosneft
3 min read25 May 2016According to officials at oil marketing firms, full impact of diesel price deregulation introduced in October 2014 will be seen this fiscal year
3 min read20 Apr 2016The growth in share of private oil companies is courtesy the deregulation in diesel prices
4 min read20 Nov 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared