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Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81.
Multiple former senior officials of Hindustan Paper Corporation have been booked for allegedly purchasing bamboo & pulp at high rates despite cheaper alternatives.
Ships hauling everything from coal to iron ore & consumer goods on domestic routes may run out of fuel as India struggles to meet new environmental standards.
Former finance minister Arun Jaitley had earlier pushed for ONGC and HPCL merger, which has not been smooth.
ONGC’s cash balance fell to Rs 167 crore in Sept 2018 from Rs 9,511 crore in March 2017, but it says it has enough to finance current and future projects.
ONGC’s cash & bank balances hit Rs 167 crore in Sept 2018, down from Rs 9,511 crore in March 2017, following the acquisition of HPCL and other govt diktats.
Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.
So far, lack of charging infrastructure has been one of the biggest hurdles to India’s ambitions to ensure more electric vehicles on its roads.
Prices had hit an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 per litre for diesel on May 30.
Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline.