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Reliance Industries halts Russian crude supplies at Jamnagar amid EU sanctions compliance, denying Bloomberg tanker claims as India navigates shifting global oil trade dynamics
Energy

Reliance says not received any Russian oil in three weeks, none...

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Reliance calls Bloomberg report on Russian oil supply to Jamnagar “blatantly untrue” Mukesh Ambani-led Reliance Industries Ltd, the operator of the world's largest single-site oil...
Aggressive outlet growth by PSU oil firms reshapes fuel retailing amid pricing controls and private sector constraints
Commerce

India’s petrol pump count crosses 1 lakh, doubles in a decade

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India becomes the world’s third-largest petrol pump market India's petrol pump network has crossed the 1,00,000-mark, doubling since 2015 as state-owned fuel retailers aggressively expanded...
The rupee's depreciation against the US dollar further hit profits as oil prices and a large portion of refiners' borrowings are in dollars
Energy

Amid global economic slowdown, marketing losses of India’s oil PSUs to...

PGurus Newsdesk - 1
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
Commerce

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

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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...

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