Month: June 2024

HPCL, BPCL shares surge close to 10% ahead of record date for bonus issue

Shares of India’s state-run oil marketing companies – Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC), are trading with gains of as much as 10% on Monday. HPCL shares are outperforming its OMC peers, trading with gains of over 9%.Indian PSU companies are seeing strong gains on Monday after exit polls projected the current Narendra Modi government to return to power for a historic third term in office.

With…
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Source: https://www.cnbctv18.com/market/hpcl-bpcl-share-price-record-high-bonus-issue-record-date-q4-results-profit-exit-polls-19422354.htm

Petrol and diesel prices remain stable for 79 days in Chennai

CHENNAI: In Chennai, the price of petrol and diesel has remained unchanged for the past 78 days. Accordingly, one litre of petrol cost Rs 100.75 and diesel costs for Rs 92.34 in the city. Additionally, the oil companies use the current crude oil price on the global market and the value of Indian rupee compared to the US dollar as a primary variable to determine the pricing of petrol and diesel on day to day basis
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Source: https://www.dtnext.in/amp/news/city/petrol-and-diesel-prices-remain-stable-for-79-days-in-chennai-788268

Police seize material used for petrol bombs

Update: 2024-06-03 06:45 ISTNarasaraopet: Police seized eight beer bottles, nine liquor bottles, two bottles of petrol from the haystack at Brahmanapalli village of Rajupalem mandal in Palnadu district on Sunday. They seized the material used for making petrol bombs during the cordon & search. They booked the case and took up the investigation.Similarly, the police officials are conducting door-to-door searches and seizing the vehicles without proper documents. Section 144 and Section-30…
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Source: https://www.thehansindia.com/amp/andhra-pradesh/narasaraopet-police-seize-material-used-for-petrol-bombs-882414

Petrol and diesel engine development is done as Nissan goes all-in on electric car future

Tung Nguyen has been in the automotive journalism industry for over a decade, cutting his teeth at various publications before finding himself at Drive in 2024. With experience in news, feature, review, and advice writing, as well as video presentation skills, Tung is a do-it-all content creator. Tung’s love of cars first started as a child watching Transformers on Saturday mornings, as well as countless hours on PlayStation’s Gran Turismo, meaning his dream car is a Nissan GT-R, with a…
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Source: https://www.drive.com.au/news/petrol-diesel-engines-done-nissan-ev-future/

Petrol importers blocking Africa’s refinery boom- Dangote

Africa’s richest man, Aliko Dangote, has raised concerns about the lack of new refineries on the continent, attributing it to the vested interests of those who profit from fuel importation.
In a recent interview with Eleni Giokos, a CNN reporter, Dangote stated that despite Africa being a major oil producer, no new refineries have been built in the past 35 years.
Dangote also emphasized the lack of access to financing for investors due to weak financial institutions in many African…
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Source: https://businessday.ng/news/article/petrol-importers-blocking-africas-refinery-boom-dangote/

Govt reduces petrol price by Rs4.74, HSD’s by Rs3.86 per litre – Pakistan

The federal government Friday reduced the petrol price by Rs4.74, taking the new rate to Rs268.36 per litre.
The price of high-speed diesel (HSD) has also been slashed by Rs3.86 per litre to Rs270.22.
The new prices will take effect from June 1, 2024.
Prime Minister Shehbaz Sharif directed the finance ministry earlier in the day to reduce petrol prices by Rs15.4 per litre for the next fortnight, an official government post said on X, formerly Twitter.
The premier ordered the ministry to…
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Source: https://www.brecorder.com/news/40306255