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The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum ...Read More >
The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum p ...Read More >
The temporary easing of U.S. sanctions on Russian crude has rapidly redrawn global oil flows, with India stepping back in as the dominant buyer of previously distressed barrels. Even as overall imports are about to ease seasonally, Russian volumes into Asia are surging -- tightening the market and pushing Urals to a rare $8/bbl premium over Brent. Washington's March 12 decision to allow sales of oil already loaded onto tankers had an immediate impact. Almost all of Russia's floating storage was ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...Read More >
She said the Centre has increased the MSP of various food grains and pulses. Union Finance Minister Nirmala Sitharaman during her visit to Karnataka assured the farmers of all assistance to improve their income from agriculture. Speaking at the inauguration of the Farmers Training and Common Facility Centre at Jawalgera village of Raichur district in Karnataka, the Finance Minister said farmers have been provided soil health cards and fertilizers along with financial assistance through various ...Read More >
Mangalore: Mangalore Refinery and Petrochemicals Limited (MRPL) concluded its Hindi Fortnight celebrations with a grand valedictory function commemorating Hindi Day 2025. The event, characterized by vibrant cultural performances and widespread participation, underscored the company's dedication to the promotion of Hindi and the appreciation of India's multifaceted cultural heritage. The highlight of the festivities was "Sitaro Ki Raat - Golden Classic and Contemporary Songs," a cultural extrava ...Read More >
Mangaluru: MangaloreRefinery and Petrochemicals Ltd (MRPL), the ONGC-owned refining major, posted a consolidated net loss of ₹272 crore in the first quarter of FY26, as softening refining margins and lower revenue from operations weighed on its performance. The company's topline fell sharply to ₹20,988 crore, down nearly 23% from ₹27,289 crore in Q1 FY25. Its Gross Refining Margin (GRM) slipped to US$ 3.88 per barrel, compared to US$ 4.70 per barrel a year ago, amid weaker product cracks and pl ...Read More >
Mangaluru (Karnataka), Jul 19 (PTI) MRPL, a subsidiary of ONGC and a Schedule "A" Mini Ratna Category-I company, on Saturday reported a consolidated net loss of Rs 272 crore for the first quarter of FY 2025-26, compared to a profit of Rs 66 crore during the same period last year. According to a statement from Mangalore Refinery and Petrochemicals Ltd, the company's Board of Directors approved the Q1 financial results at its 270th meeting held on July 18. The results reflect a decline in revenu ...Read More >
Mangaluru (Karnataka), Jul 19 (PTI) MRPL, a subsidiary of ONGC and a Schedule "A" Mini Ratna Category-I company, on Saturday reported a consolidated net loss of ₹272 crore for the first quarter of FY 2025-26, compared to a profit of ₹66 crore during the same period last year. According to a statement from Mangalore Refinery and Petrochemicals Ltd, the company's Board of Directors approved the Q1 financial results at its 270th meeting held on July 18. The results reflect a decline in revenue fr ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The Indian stock market opened flat on Friday as weak investor sentiment continued due to sustained selling by Foreign Portfolio Investors (FPIs) and a subdued earnings season in the IT sector. The Nifty 50 index opened at 25,108.55, witnessing a marginal dip of 2.90 points or 0.01 per cent. Meanwhile, the BSE Sensex began the session at 82,193.62, declining by 65.62 points or 0.08 per cent. Experts attributed the weak market opening to the ongoing ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wan ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The Indian stock market opened flat on Friday as weak investor sentiment continued due to sustained selling by Foreign Portfolio Investors (FPIs) and a subdued earnings season in the IT sector. The Nifty 50 index opened at 25,108.55, witnessing a marginal dip of 2.90 points or 0.01 per cent. Meanwhile, the BSE Sensex began the session at 82,193.62, declining by 65.62 points or 0.08 per cent. Also Read | Priyanka Chopra Jonas Birthday: She Continues ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The Indian stock market opened flat on Friday as weak investor sentiment continued due to sustained selling by Foreign Portfolio Investors (FPIs) and a subdued earnings season in the IT sector. The Nifty 50 index opened at 25,108.55, witnessing a marginal dip of 2.90 points or 0.01 per cent. Meanwhile, the BSE Sensex began the session at 82,193.62, declining by 65.62 points or 0.08 per cent. Experts attributed the weak market opening to the ongoing ...Read More >
Gandhinagar (Gujarat) [India], July 13 (ANI): The 31st edition of Fit India Sundays on Cycle was held successfully nationwide on Sunday morning as Union Minister for Youth Affairs and Sports Mansukh Mandaviya led a group of over 500 participants in Gujarat's Gandhinagar, as per a release from SAI media. Organised this week in partnership with Public Sector Undertakings (PSUs), the pan-India cycling drive witnessed participation from over 7000 locations across the country, reinforcing the messag ...Read More >
Gandhinagar, July 13 (SocialNews.XYZ) The 31st edition of Fit India Sundays on Cycle was held successfully nationwide this Sunday morning as Union Minister for Youth Affairs and Sports Mansukh Mandaviya led a group of over 500 participants here. Organised this week in partnership with Public Sector Undertakings (PSUs), the pan-India cycling drive witnessed participation from over 7000 locations across the country, reinforcing the message of "Fitness Ki Dose, Aadha Ghanta Roz". The participation ...Read More >
Mangaluru (Karnataka) [India], July 12 (ANI): Two senior operators at Mangalore Refinery & Petrochemicals Limited (MRPL) died after inhaling hydrogen sulfide gas during routine inspection duty inside the refinery premises, officials confirmed on Saturday. The victims were found unconscious atop a tank platform and later succumbed to their injuries while undergoing treatment at a hospital. The deceased have been identified as Deep Chandra (33), a native of Prayagraj, and Bijil Prasad (33), from ...Read More >
Mangaluru: Two workers died and one fell ill following a gas leak incident in the oil movement section of Mangaluru Refinery and Petrochemicals Limited (MRPL) on Saturday morning. The deceased have been identified as Deep Chandra (33) from Prayagraj and Bijil Prasad (33) from Kerala. According to preliminary information, the two workers had climbed to inspect a fault on the upper platform of Tank FB7029 A (Dry Slop Service, Floating Roof). They were later found unconscious on the platform. Both ...Read More >
Mangaluru, July 12: Two field operators of Mangalore Refinery and Petrochemicals Limited (MRPL) died following a suspected leak of hazardous vapours atop a storage tank in the Oil Movement Area of the facility on Saturday morning, officials said. According to MRPL officials, the experienced operators -- Deep Chandra Bhartiya and Bijil Prasad-- had climbed the platform of a tank around 8 am to check a suspected level malfunction. Later, both were found unconscious on the tank roof and were shift ...Read More >
Mangaluru (Karnataka), Jul 12 (PTI): Two field operators of Mangalore Refinery and Petrochemicals Limited (MRPL) died following a suspected leak of hazardous vapours atop a storage tank in the Oil Movement Area of the facility on Saturday morning, officials said. According to MRPL officials, the experienced operators -- Deep Chandra Bhartiya and Bijil Prasad-- had climbed the platform of a tank around 8 am to check a suspected level malfunction. Later, both were found unconscious on the tank r ...Read More >
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