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Over 1 lakh litres of petrol stolen from Mathura Refinery pipeline

While the Indian Oil Corporation has estimated the amount of petrol stolen at 1 lakh litres in February, investigators said the racket had been going on since September last year and the actual amount could be much higher.
Posted: February 22, 2017, 9:18 pm
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Growth likley to remain flat in CV segment: Omer Dormen, MD, Castrol India

The other piece of great news globally is that we formed the joint venture with Romax which is predictive maintenance business in wind power energy and wind power as you know in India is set to grow significantly in the next 20 years. So that is another exciting partnership.
Posted: February 22, 2017, 8:44 pm
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Castrol India Q4 PAT up 10.7% at Rs 155.8 crore

Castrol India's profit from operations during the quarter under review was up by 2.9 percent at Rs 208.7 crore while net sales at Rs 782.2 crore was down by 1.1 percent.
Posted: February 21, 2017, 8:46 pm
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India plans to sell refined crude oil products to Myanmar

Indian oil minister Dharmendra Pradhan began a five-day trip to Myanmar on Monday, scouting for opportunities in oil exploration, refining and products retailing.
Posted: February 21, 2017, 12:25 pm
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IOC threatens relook at Rs 52K crore Odisha investment

Indian Oil Corporation (IOC) plans to expand the 15 million tonne a year Paradip refinery by 5 MT as well as set up a Polypropylene Plant and a monoethylene glycol production facility at the site of the one-year old refinery.
Posted: February 20, 2017, 6:13 pm
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Why India’s monthly oil demand fell most in 13 years?

Fuel consumption fell 4.5 per cent to 15.5 million tons in January from 16.2 million tons a year ago, the Oil Ministry’s Petroleum Planning and Analysis Cell said Friday.
Posted: February 13, 2017, 12:06 pm
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OPINION: Beware This Oil Slick

Jaitley has not clarified as to whether the intention is to bundle all PSEs into one company or into a number of companies. When such a proposal was mooted in 2005, the then minister of petroleum and natural gas, Mani Shankar Aiyar, wanted one giant corporation under his chairmanship like Aramco of Saudi Arabia or Russia's Gazprom.
Posted: February 13, 2017, 7:47 am
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OPINION: Where Are Oil Prices Headed?

Maybe there is some method to his madness. Iran shot off a couple of small missiles, which made President Donald Trump come down hard on it. But once again, no rescinding the deal. What were the Iranians trying to do? Perhaps testing how far he would go.
Posted: February 11, 2017, 8:11 am
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Used vehicle engine oil makes its way to industries as fuel, pollutes air

The used oil (thick black oil) from your bike or car is actually stoking up a multi-crore parallel business that has detrimental effects on the environment and your health.
Posted: February 9, 2017, 3:03 pm
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Petrol prices lower now than in 2013-14: Government

Union Minister Rajyavardhan Singh Rathore, who was replying to questions in Rajya Sabha on behalf of his colleague Petroleum Minister Dharmendra Pradhan, said the price of petrol had come down from what they were in 2013.
Posted: February 8, 2017, 6:45 pm
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