BPCL's Q2 FY27 net profit fell 21.5% YoY to ₹4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6%
The discovery at the Godavari-1 well in the Matsyapuri formation recorded natural gas flow of up to 2 lakh standard cubic metres per day during continuous testing
India's crude oil import bill surged 47% in September as the Indian basket price averaged $116.09 a barrel, while import volumes rose just 7% to 21.7 million tonnes
Indian refiners are increasing diesel exports as the West Asia conflict and restrictions by Russia and China tighten supplies, although higher crude import costs and export duties could limit gains
With retail diesel prices frozen, state-run oil firms are blending up to 5% biodiesel at select outlets as crude costs rise and marketing margins come under pressure
The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised
The platform will allow LNG terminal operators to list unused regasification capacity and enable buyers to book available slots, improving transparency and infrastructure utilisation
The regulator's draft guidelines cap hydrogen blending in domestic piped natural gas at 5 per cent, with strict requirements for safety, gas quality, billing and consumer protection
Oilmax Energy and Eleven will each hold a 50 per cent participating interest in the Kutch offshore block as India seeks to boost domestic oil and gas production and cut import dependence
The contract covers new hydrocracker and solvent deasphalting units at HPCL's Mumbai refinery, aimed at boosting lube oil base stock output and upgrading heavier petroleum streams.
The company said it was ensuring fuel availability across its network after Petroleum Secretary Neeraj Mittal said private retailers would be told to stop capping sales.
Petrol sales rose 7.21 per cent and diesel sales 4.86 per cent in September, while LPG consumption fell 9.15 per cent amid import dependence and West Asia supply disruptions
Oil output from flagship KG-DWN-98/2 has slipped to around 20,000 bpd against a 45,000-bpd peak target, with complex reservoir geology posing a challenge to sustaining production
Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners
Oil Minister Hardeep Singh Puri said India has navigated the crisis so far, but closure of key chokepoints could create supply challenges if the conflict escalates
