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The rupee's depreciation against the US dollar further hit profits as oil prices and a large portion of refiners' borrowings are in dollars

Amid global economic slowdown, marketing losses of India’s oil PSUs to ease: Moody’s

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Moody's: The marketing losses for IOCL, BPCL, and HPCL will go down With the international prices of petrol and diesel cooling due to economic slowdown...
Talk is of the government now wanting to take a fresh look at BPCL privatization, including revising the terms of sale

BPCL privatization stalled as bidders walkout. Now Vedanta Group is the only bidder

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With just one bidder left; government scraps BPCL privatization for now Privatization of BPCL, which was dubbed India's biggest ever, has been stalled with just...
Congress questioned whether Modi govt even considers Sandesara brothers as fugitive economic offenders, why oil PSUs were repeatedly engaging in business with offenders

Congress accuses BJP Govt of importing crude oil worth Rs.5701 crore from fugitive Sandesara...

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Congress alleges oil PSUs doing business with economic offenders The Congress on Monday alleged that the BJP Government was purchasing goods and services from fugitives...

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