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BPCL gains after board OKs stake sale in NRL

Bharat Petroleum Corporation (BPCL) rose 2.18% to Rs 464.80 after the company said its board has approved sale of 61.65% stake in Numaligarh Refinery (NRL) to a consortium of Oil India and Engineers India and to the Government of Assam.
The company will sell 45.35 crore equity shares, or 61.65% equity, in NRL for Rs 9,875.96 crore. If the Government of Assam does not participate in the acquisition of the stake, the consortium of Oil India (OIL) and Engineers India (EIL) will buy the stake.
The sale is expected to be completed within a month from obtaining all requisite approvals, BPCL said in a regulatory filing made after market hours yesterday. The final sale pact will be entered into after obtaining clearances from its shareholders, BPCL said.

Numaligarh , Assam , India , Bharat , Oil-india , Bharat-petroleum-corporation , Numaligarh-refinery , Engineers-india , North-eastern , Mini-ratna , Capital-market

India urges OPEC+ to raise oil output at this week's meeting

'Artificial cuts to keep the price going up is not something we support, Tarun Kapoor, secretary at Ministry of Petroleum and Natural Gas, said at the opening ceremony of India’s energy center in Moscow

Saudi-arabia , Moscow , Moskva , Russia , India , Tarun-kapoor , Bloomberg , Ministry-of-petroleum , Natural-gas , Opec , Oil-production , Ministry-of-petroleum-and-natural-gas

After Rajasthan, Petrol Prices Cross Rs 100-Mark In Madhya Pradesh

After Rajasthan, Petrol Prices Cross Rs 100-Mark In Madhya Pradesh
Oil Minister Dharmendra Pradhan had on Wednesday blamed output cut by oil-producing nations for the rally in international oil prices that have translated into higher retail rates in India.
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Outlook Web Bureau
2021-02-18T12:38:05+05:30
After Rajasthan, Petrol Prices Cross Rs 100-Mark In Madhya Pradesh
outlookindia.com
2021-02-18T14:17:05+05:30
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With fuel prices increasing for the tenth day in a row, petrol prices crossed the Rs 100-mark in Madhya Pradesh on Thursday.
As petrol price increased by 34 paise per litre, diesel price was hiked by 32 paise per litre, according to a price notification of state-owned fuel retailers.

Anuppur , Madhya-pradesh , India , Mumbai , Maharashtra , Sri-ganganagar , Rajasthan , Saudi-arabia , Delhi , Russia , Narendra-modi , Dharmendra-pradhan

Petrol price | Govt should have given relief of Rs 12-14 on petrol, diesel: Ex-Petroleum Secy

Updated Feb 15, 2021 | 18:06 IST
Elaborating about the taxes levied on petrol and diesel, Mishra said the actual refinery rate price for petrol or diesel is between Rs 30 to Rs 31 per litre.
Govt should have given relief of Rs 12-14 on petrol, diesel: Ex-Petroleum Secy | Photo Credit: BCCL
As the fuel prices continued its upward spiral, SC Mishra, former Secretary, Ministry of Petroleum and Natural Gas said the economic situation has improved since 2020 and the central government should have given a relief of Rs 12 per litre on petrol and Rs 14 per litre on diesel to the common man.
Mishra underlined the fact that the government had raised the taxes on petrol by Rs 12 per litre and on diesel Rs 14 per litre, twice in March and May 2020, to garner extra revenue.

India , Nirmala-sitharaman , Ministry-of-petroleum , Development-cess , Union-budget , Petroleum-secy , Representational-image , Ex-petroleum-secy , Photo-credit , Natural-gas , Finance-minister-nirmala-sitharaman , Value-added-tax

Govt should have given relief of Rs 12-14 on petrol, diesel, says former Petroleum Secretary

New Delhi [India], February 15 (ANI): As the fuel prices continued its upward spiral, SC Mishra, former Secretary, Ministry of Petroleum and Natural Gas said the economic situation has improved since 2020 and the central government should have given a relief of Rs 12 per litre on petrol and Rs 14 per litre on diesel to the common man.

India , New-delhi , Delhi , Nirmala-sitharaman , Ministry-of-petroleum , Development-cess , Union-budget , Natural-gas , Finance-minister-nirmala-sitharaman , Value-added-tax , Petrol , Diesel

Vedanta's Cairn Oil & Gas invites bids from gas buyers for Balmer field

Vedanta’s Cairn Oil & Gas invites bids from gas buyers for Balmer field
February 15, 2021
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The price will be linked to spot prices of imported LNG, benchmarked against the Brent gas price, a company spokesperson said
Cairn Oil & Gas, a subsidiary of Vedanta Limited, has invited bids from prospective buyers of natural gas from its Rajasthan block.
“The company invites Expression Of Interest (EOI) from interested parties with proven capabilities and demonstrated presence in the natural gas business to participate in the national competitive e-auction process for the purchase of natural gas produced from our flagship block in Barmer, Rajasthan,” the firm said in a statement on Monday.

Ministry-of-petroleum , Cairn-oil-gas , Cairn-oil , Vedanta-limited , Expression-of-interest , Raageshwari-gas-terminal , Natural-gas , Vedanta , Cairn-oil-amp-gas , Balmer-field , Lng

SAKSHAM Cyclothon 2021 organised in Karnataka to promote 'clean, green energy'

Kalaburagi (Karnataka) [India], January 31 (ANI): Indian Oil Corporation (IOC) Limited and Ministry of Petroleum and Natural Gas (MoPNG) on Sunday organised SAKSHAM Cyclothon 2021 here in Kalaburagi to spread awareness to support the conservation of fossils, as it is a non-renewable resource.

India , Kalaburagi-karnataka , Narendra-modi , Kishor-babu , Ministry-of-petroleum , Indian-oil-corp , Indian-oil-corporation , Natural-gas , Senior-deputy-manager , Police-commissioner , Deputy-commissioner , Fit-india

SAKSHAM Cyclothon 2021 organised in Karnataka to promote clean green energy -ANI

ANI - SAKSHAM Cyclothon 2021 organised in Karnataka to promote 'clean, green energy', , karnataka, Kalaburagi, indian oil corporation, ministry of petroleum and natural gas, Fit India Movement, clean and green energy

India , Kalaburagi-karnataka , Narendra-modi , Kishor-babu , Ministry-of-petroleum , Indian-oil-corp , Indian-oil-corporation , Natural-gas , Senior-deputy-manager , Police-commissioner , Deputy-commissioner , Fit-india