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Oil PSU latest News

Fuel retailing has become unsustainable for Pvt sector, Reliance tells govt

The fuel retailing for the private sector in India has become unsustainable after market-controlling public sector firms frequently froze petrol and...

Oil PSUs spent Rs 5,582.34 crore under CSR, Rameswar Teli tells House

Public Sector Undertakings (PSUs) that come under the Ministry of Petroleum & Natural Gas (MoPNG) have spent Rs 5,582.34 crore under CSR during the last three years

Finally, Baghjan blowout well successfully killed says OIL

After the long struggle of more than five months, Oil India Limited (OIL) has successfully killed the blowout in the Baghjan gas well in Assam

Renu Sharma set to take additional charge as IGL Director

Renu Sharma, who is currently serving as Chief Secretary (Transport) in NCT of Delhi, has been given additional charge of Director at IGL

Air India promises new payment mechanism, OMCs continue jet fuel supply

State-run OMCs have decided to continue jet fuel supply to Air India after the airline came up with a new payment mechanism to clear old dues

Another accident hits ONGC in Tripura due to safety norm violation

In an accident involving a 100-tonne oil rig of state-run ONGC in Tripura, one person has been seriously injured and another has sustained minor injuries

IOC planning Rs 2-lakh-cr expansion in next 5-7 years

The investment/expansion plan is aimed at evolving IOC into a future-ready corporate that provides comprehensive energy solutions to diverse user groups, said the Chairman

Indian Oil is planning to invest Rs 1,300 cr in West Bengal in two years

The OMC is planning to set up a plant in Budge Budge at an investment of Rs 150 crore to manufacture a diesel emission additive

OMCs have stopped absorbing the govt-mandated Re 1 cut on every litre of petrol/diesel

This essentially means that all the benefit incurred from the drop in crude oil prices is not being transferred to consumers

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