Tag Archives: Indian Oil

The Minister for Petroleum and Natural Gas, Mr Murli Deora, informed the Lok Sabha (lower house of the Indian parliament) that Indian domestic airlines Kingfisher Airlines, Jet Airways, National Aviation Company of India Ltd (Air India), Paramount and SpiceJet, still owe a whopping Rs. 2,225.52 Crore ($445 million) to the stated owned oil marketing companies Indian Oil Corporation, Hindustan Petroleum …

Aviation turbine fuel (ATF) prices have been slashed by over 11 per cent by state-run oil companies. This is the seventh straight reduction since September as price surged to an all time high of Rs 71,028.26 a kilolitre (in Delhi) in August. ATF in Delhi has been cut by Rs 4,208.37 to Rs 32,691.28 a kilolitre effective midnight tonight, said …

PTI reports, state-run oil marketing companies on November 3, cut jet fuel prices further by Rs 2,100 per kilolitre on top of the 17 per cent reduction, which was announced last week after the government exempted Customs Duty on fuel last week. Oil majors like Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) …