Petro Daily Newsletter

Headline Scan Tuesday -- February 14, 2012 Oil imports: India-Iran work out rupee trade mechanism Excise on branded diesel begins to hit sales Oil Ministry wants tax exemption on rupee payments to Iran Higher subsidy: Near-term overhang Direct ATF import: GMR, GVK ready to offer support facilities Petrol Prices may Rise by 3/Litre After UP Elections IOC seeks compensation for petrol sale loss Indian state minister says may reduce sales tax on jet fuel: report Hike diesel price by 75 paise instead of excise duty on cars GAIL, Turkmen Gaz to discuss TAPI gas supplies Will OMCs help RIL supply ATF? Disinvestment is back in UPA-II government Appellate Tribunal dismisses appeal against GSPL IOC may renew Iran crude oil deal in FY13 Diesel prices likely to be aligned to market IOC Q3 profit up 52% at Rs 2,488.44 cr See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Oil imports: India-Iran work out rupee trade mechanism MANGALORE: Indian and Iranian governments have worked out Rupee trade mechanism for payment of India's total crude imports from the latter in Rup... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036692   Excise on branded diesel begins to hit sales The petroleum ministry has asked the finance ministry to scale down the excise duty on branded diesel in the forthcoming budget due to the sharp ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036694   Oil Ministry wants tax exemption on rupee payments to Iran The Oil Ministry wants Finance Ministry to waive withholding tax on rupee payments Indian oil refiners plan to make for crude oil they buy from I... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036699   Higher subsidy: Near-term overhang The third quarter standalone results of Oil and Natural Gas Corporation (ONGC) confirmed the rising subsidy burden on the company, the impact of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036688   Direct ATF import: GMR, GVK ready to offer support facilities Domestic airlines planning to import jet fuel directly have got support from private airport operators. The two private airport operators GMR and... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036689   Petrol Prices may Rise by 3/Litre After UP Elections  Petrol prices are expected to rise by about . 3 per litre early next month after the crucial assembly election in Uttar Pradesh, industry e... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036690   IOC seeks compensation for petrol sale loss NEW DELHI - State-run Indian Oil Corp Ltd, the country's largest oil refining and marketing firm, has asked the government to compensate for reve... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036691   Indian state minister says may reduce sales tax on jet fuel: report India's chief minister for the state of Maharashtra said over the weekend that the state government may reduce a sales tax on aviation turbine fu... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036693   Hike diesel price by 75 paise instead of excise duty on cars New Delhi, The Heavy Industries Ministry, in consultation with the Planning Commission, has suggested an increase in diesel fuel prices by Rs 0.7... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036695   GAIL, Turkmen Gaz to discuss TAPI gas supplies New Delhi, —The Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline project has moved closer to realization with petroleum minist... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036696   Will OMCs help RIL supply ATF? While Reliance Industries is keen to help airlines out by supplying aviation turbine fuel or ATF, it is examining the infrastructure requirements... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036697   Disinvestment is back in UPA-II government Around 5% of the government's shares of oil company ONGC will be auctioned in a single day, raising Rs 12,000 crore for the exchequer. If this sa... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036698   Appellate Tribunal dismisses appeal against GSPL The Appellate Tribunal dismissed the Gail India's appeal against Petroleum and Natural Gas Regulatory Board (PNGRB) and the state venture Gujarat... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036700   IOC may renew Iran crude oil deal in FY13 NEW DELHI - State-run Indian Oil Corp Ltd, the country's largest oil refining and marketing company, may renew an annual deal with Iran to buy 1.... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036701   Diesel prices likely to be aligned to market In a move that may prove beneficial, diesel prices are likely to be aligned to market, reports CNBC-TV18 quoting sources. It is learnt that this ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036702   IOC Q3 profit up 52% at Rs 2,488.44 cr New Delhi: State-owned Indian Oil Corp Monday reported 52 percent rise in net profit during three months ended December 31 as one-time outlay to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036703   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here