| IOC losing Rs 92 cr daily on fuel sales | 17-NOV-09 |
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| State-run Indian Oil Corp (IOC) is losing Rs 92 crore per day on sale of petrol, diesel, domestic LPG and kerosene as government has not allowed it to revise rates in line with firming international oil prices. |
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| BPCL arm to get investment form Oman Oil Co | 16-NOV-09 |
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| Bharat Petroleum Corporation (BPCL) informed BSE today that BPCL, Oman Oil Company (OOC) and Bharat Oman Refinery (BORL) signed an agreement on November 15, 2009 in Oman on additional investment in BORL by OOC. OOC will invest be Rs 1,220 crore in BORL to hold 26 per cent of the equity share capital of BORL, after full equity closure. |
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| PSU oil firms hike ATF prices by 2.4% | 15-NOV-09 |
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| For the second time this month, state-owned oil firms today hiked jet fuel prices, this time by 2.4 per cent following a spurt in international oil rates. |
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| Bhoruka Power's project turned down | 12-NOV-09 |
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| The Committee for Determination of Terms of Reference (CDToF) under the Central Environment and Forest Department has turned down the application of Bhoruka Power Corporation Ltd (BPCL) to set up a thermal power plant at Halga village beside Hanakon in Karwar taluk in Uttara Kannada district. |
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| Petroleum Min seeks Rs 11,853 cr oil bonds | 06-NOV-09 |
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| The Petroleum Ministry has sought oil bonds worth Rs 11,853 crore for state-run fuel retailers to make up for the losses they incurred on selling domestic LPG and kerosene below cost during the first half of the current fiscal. |
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| Kingfisher, BPCL resolve pending dues | 05-NOV-09 |
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| Vijay Mallya-owned Kingfisher Airlines has resolved its long-pending aviation turbine fuel (ATF) payment dispute with Bharat Petroleum through an out-of-court settlement. |
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| BPCL posts 94% decline in losses | 30-OCT-09 |
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| Riding on lower under-recoveries, state-run Bharat Petroleum Corporation (BPCL) reported a loss of Rs 159 crore for the second quarter of the current financial year — 94 per cent lower than the Rs 2,625-crore loss in the same period last year. |
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| BPCL Q2 net loss at Rs 158.77 cr | 29-OCT-09 |
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| Bharat Petroleum Corporation (BPCL), the nation's second-biggest state refiner, today reported a net loss of Rs 158.77 crore for the second quarter of the current fiscal, largely because the government did not issue it bonds to compensate for losses on cooking fuel sales. |
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| OMCs fear rise in underrecoveries | 17-OCT-09 |
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| As crude oil prices touched a fresh one-year high, trading at above $75 a barrel on Thursday, analysts and oil sector executives said underrecoveries could rise and become a cause of concern. |
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| ATF prices slashed by 2.1% | 15-OCT-09 |
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| For the third straight fortnight in a row, the state-owned oil firms today slashed jet fuel prices by 2.4 per cent on strengthening of rupee against dollar. |
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| Oil PSUs shell out Rs 2,200-cr for 10% in Oil India | 15-SEP-09 |
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| Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) today bought a total of 10 per cent stake in PSU explorer Oil India (OIL) for about Rs 2,200-crore. |
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