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  US sanctions two major Russian oil companies in bid to pressure Kremlin over Ukraine war

  World | October 23, 2025 8:06 IST

  Secretary of the Treasury Scott Bessent said the action followed Russian President Vladimir Putin’s refusal to agree to a ceasefire with Ukraine. Bessent added that the US could take additional measures to help bring an end to 'yet another' war.

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  Fuel prices set to decrease as oil companies hike commission paid to petrol pump dealers

  Business | October 30, 2024 6:02 IST

  This is the first revision in commission paid to dealers in nearly eight years. The dealer commission revision has happened following the withdrawal of the court cases.

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  Petrol, diesel prices reduced: Check new rates in your city

  India | March 15, 2024 10:18 IST

  Petrol and diesel prices have been reduced by Rs 2 across the country. The new rates will be effective from March 15, 6 am onwards.

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  Oil firms losing Rs 3 per litre on diesel, profits on petrol shrink

  Business | February 07, 2024 18:35 IST

  Oil companies have refrained from adjusting petrol, diesel, and cooking gas prices for nearly two years, leading to losses when input costs were higher and profits when raw material prices were lower.

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  Finance Minister Nirmala Sitharaman defers equity support to oil companies to next fiscal year

  Business | February 02, 2024 7:09 IST

  The equity support was intended to aid the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation in their energy transition projects.

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  Budget 2024: Government trims budget support for oil firms, defers filling strategic oil reserves

  Business | January 27, 2024 10:30 IST

  The initial announcement by Finance Minister Nirmala Sitharaman in the FY24 budget consisted of Rs 30,000 crore for equity infusion and Rs 5,000 crore for crude oil purchases.

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  Is petrol, diesel price cut happening? Oil minister Hardeep Singh Puri responds

  Business | January 04, 2024 10:53 IST

  Amid the softening of the global crude oil price, there were reports that the government may make a price cut in the petrol, diesel prices in the coming days.

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  Petrol, Diesel price may be cut by up to Rs 10 in coming days, say sources

  India | December 29, 2023 11:04 IST

  Petrol, Diesel Price: The government is in talks with oil companies as it mulls to reduce the price of petrol and diesel in the coming days. Crude oil prices globally have also become cheaper.

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  LPG price hike: 19-kg commercial gas cylinder price hiked by Rs 209, say sources

  Business | October 01, 2023 0:17 IST

  Oil Marketing Companies have increased the price of 19 kg commercial LPG gas cylinder by Rs 209. The new prices will come into effect from today, sources informed.

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  India, UAE make first-ever crude oil transaction in Rupees and Dhirams a month after PM Modi visit

  World | August 15, 2023 15:08 IST

  According to the Indian Embassy in Abu Dhabi, the UAE’s Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL) made their first-ever crude oil transaction in national currencies.

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  HPCL Q1 results: Oil company reports record loss of Rs 10,196 cr - here's why

  Business | August 06, 2022 21:18 IST

  HPCL Q1 results: Indian Oil Corporation (IOC) too reported a net loss of Rs 1,992.53 crore for the June quarter.

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  14 killed as militants ambush convoy of oil, gas workers in Pakistan

  World | October 16, 2020 7:57 IST

  Militants ambushed a convoy of oil and gas workers escorted by paramilitary troops in Pakistan’s restive southwestern province of Baluchistan, killing 14 people, including 7 soldiers.

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  OPEC, oil nations agree to nearly 10M barrel cut amid coronavirus

  World | April 13, 2020 7:10 IST

  OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said

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  Fuel payment issues with oil PSUs will be resolved early: Air India

  Business | October 13, 2019 14:43 IST

  The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue.

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  Pay monthly, or face fuel cut at 6 airports: Oil cos to Air India

  India | October 10, 2019 21:13 IST

  Issuing an ultimatum to Air India, PSU oil majors on Thursday asked it to make the monthly lump sum payment by October 18 or they will stop the fuel supply at six major airports, according to an official document.  

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  'High crude prices hurting global growth', PM urges oil producers to bring down rates to 'reasonable levels'

  Business | October 15, 2018 19:02 IST

  The prime minister flagged concerns of consuming nations like India over high crude oil prices that have already sent retail petrol, diesel and LPG rates to record highs, sources with direct knowledge of the development told PTI.

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  PM Modi to brainstorm oil scenario with global CEOs today

  Business | October 14, 2018 23:59 IST

  The third annual meeting would also deliberate on ways to revive investment in oil and gas exploration and production, official sources said.

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  PM Modi brainstorms with top global, Indian oil chiefs to revive investment, production

  Business | October 09, 2017 15:29 IST

  The main theme of the meeting, sources said, was to seek investment in exploration and production, processing, transportation and distribution network in oil and gas

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  Govt's plan to merge 13 PSUs to create oil giant not good for consumers, pvt retailers: Report

  February 07, 2017 18:22 IST

  Finance Minister Arun Jaitley in his Budget for 2017-18 proposed to merge some of the 13 state oil firms to create an integrated public sector oil major.

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  Demonetisation: Petrol pumps begin dispensing cash up to Rs 2,000 through cards

  November 18, 2016 19:35 IST

  Public sector oil companies have announced that cash will be dispensed at 2,500 petrol pumps across the country by using credit or debit cards on Point of Sale (POS) machines.