oil industry

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    Jio-BP Maintains Current Fuel Prices Amid Rising Oil Costs

    New Delhi, April 10 Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to immediately raise fuel prices despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday.The country's second-largest private fuel retailer has kept...
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    HPCL-Rajasthan Refinery Project Reaches Completion

    Jaipur, April 8 – Prime Minister Narendra Modi will inaugurate the HPCL-Rajasthan refinery at Pachpadra on April 21, a project that is expected to redefine the economy of western Rajasthan and become one of the largest integrated refinery-cum-petrochemical complexes in the country.The...
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    Fuel Subsidies and Economic Adjustments in Pakistan

    New Delhi, April 6 – The International Monetary Fund (IMF) has asked Pakistan to eliminate distortions in the pricing of petroleum products as early as possible, due to the subsidies extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local...
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    Fuel Prices Lowered Amid Global Oil Volatility

    Raipur, March 27 Chhattisgarh Chief Minister Vishnu Deo Sai on Friday praised the Centre's decision to reduce excise duty on petrol and diesel, calling it a "historic" and "people-centric" move that would provide direct relief to 140 crore citizens across the country.Sai said that amid the...
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    UAE Facility Targeted: Drone Attack Fuels Regional Tensions

    Dubai, March 16 – The fire that erupted at a petroleum facility in Fujairah, United Arab Emirates (UAE), following a drone attack, has been brought under control, authorities said Monday.Officials confirmed that the blaze broke out in the Fujairah Oil Industry Zone, with no injuries reported...
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    Refineries at Full Capacity, No Panic Buying Needed

    March 13, New Delhi – Addressing an inter-ministerial briefing on the ongoing West Asia conflict, government officials stated that Indian refineries are currently operating at 100 per cent capacity or higher.Officials stated that refineries have adequate inventories of crude oil and supplies...
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    Flights Resume as Indian Passengers Arrive in Bengaluru After Tense Situation

    Bengaluru, March 3 The faces of Indian passengers who arrived at Kempegowda International Airport here from the UAE, bringing an end to a period of high tension fueled by the conflict in West Asia, were filled with relief.Upon arrival on Monday night, the passengers recounted the tense moments...
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