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Oil and Gas Industry India News & Recent Update | IBEF

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OMCs announce Ex-Gratia of Rs 5 Lakh for delivery boys and others working in LPG supply chain for covid-19; Oil marketing companies- IOCL, BPCL and HPCL announced an ex-gratia amount of Rs 5 lakh (US$ 7,154.09) each, as a one-time special measure, in the unfortunate case of demise of personnel like Show-room Staff, Go down-keepers, Mechanics and Delivery b...

IBEF March 31, 2020

Shri Dharmendra Pradhan conducts video conference with CMDs of PSUs of Steel and Petroleum companies; Reviews essential supplies and precautionary measures Minister of Petroleum and Natural Gas and Steel, Mr Dharmendra Pradhan conducted a video conference with CMDs of all PSUs of Ministries of Petroleum and Natural Gas & Steel and reviewed the status of supplies of petroleum products in the country,...

IBEF March 25, 2020

IOC becomes 1st company to begin supply of BS-VI fuel across country Indian Oil Corp (IOC) has begun the supply of the world's cleanest petrol and diesel across the country with all its 28,000 petrol pumps dispensing ultra-low sulphur fuel a good two weeks before the April 1 deadline....

IBEF March 23, 2020

Promoting Ease of Doing Business and Boosting Private Players to invest in Retail Sector Petrol Pump Business Ministry of Petroleum and Natural Gas (MoPNG) vide Resolution dated 08.11.19 revised the guidelines for authorisation to market transportation fuels which would promote ease of doing business and boost private players to invest in retail sector....

IBEF March 03, 2020

Indian Oil to invest Rs 500 crore in Karnataka Indian Oil Corporation (IOC), a public sector oil marketing major, plans to invest Rs 500 crore (US$ 71.54 million) at Chitradurga in Karnataka....

IBEF February 17, 2020
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