Oil firms hike commission paid to dealers, no rise in fuel prices

Oil firms hike commission paid to dealers, no rise in fuel prices

Image used for representation only. | Photo Credit: Murali Kumar K State-owned fuel retailers on Tuesday hiked commission paid to petrol pump dealers but there will be no change in retail petrol and diesel prices. Petrol and diesel prices will fall in Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight. “IndianOil … Read more

IOC targets USD 1 trillion revenue by 2047: Chairman

IOC targets USD 1 trillion revenue by 2047: Chairman

Indian Oil Corporation, the nation’s largest oil firm, is targeting to become a $1 trillion company by 2047, combining growth in traditional oil refining and fuel marketing with clean energy avenues like green hydrogen and EV charging, its chairman said. Indian Oil Corporation (IOC) posted a record net profit of ₹39,619 crore ($4.7 billion) on … Read more

UPSC CSE 2023 results: Animesh Pradhan from NIT Rourkela bags AIR 2 in first attempt, says no substitute for hard work

UPSC CSE 2023 results: Animesh Pradhan from NIT Rourkela bags AIR 2 in first attempt, says no substitute for hard work

Animesh Pradhan, who cracked the UPSC Civil Services exam 2023 with AIR 2 and did not crumble despite losing both his parents in a span of 6 years, said if he can achieve success in adverse situation, then anyone can achieve it. Pradhan said though it was his first attempt at the UPSC civil services … Read more

Energy, auto companies bet big on LNG trucks

Energy, auto companies bet big on LNG trucks

Improved road infrastructure and attractive pricing of liquefied natural gas is catalysing energy companies and auto majors to gear up to serve the long-haul LNG trucking segment. To cater to these medium and heavy commercial vehicles, oil marketing companies are planning to expand the compressed natural gas dispensing infrastructure in their fuel retail outlets to … Read more

Indian refiners looking to benefit from Saudi oil imports after price cuts

Indian refiners looking to benefit from Saudi oil imports after price cuts

Indian oil logo Indian oil refineries, Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL), are looking to increase their purchases of Saudi crude oil. Both refineries are aiming to acquire an additional one million barrels daily from Saudi Arabia, people familiar with the matter told Reuters on Tuesday, January 9. This move comes after … Read more