Oil & Gas

Recent Posts

IOC, BPCL and HPCL get oil bonds worth Rs 22,000 crore

The government gave oil marketing companies something to cheer before they prepare the third quarter’s results. They have got bonds to compensate them for the losses incurred on selling retail petroleum products like PDS kerosene and LPG. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation have been issued bonds worth Rs 22,000 crore, with the companies getting 54.4%, 24.2% and 21.3% respectively.

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Booster dose #1: Petrol and diesel prices reduced

The Indian government has been attempting several measures to boost economic growth. From today, petrol and diesel prices have been reduced by 10% and 6% respectively due to a sharp fall in crude oil prices. The Indian government is in the midst of putting together a package to prevent a recession.

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