Iran retaliates to Indian oil cut plans

Iran, India's third biggest oil supplier, used to give a 90-day credit period to refiners.

IOC may take Odisha govt to court on Paradip refinery tax sops

Odisha govt on February 22 wrote to single-biggest investor saying it is withdrawing promised 11-year deferment on payment of sales tax.

Govt asked all LPG producers including ONGC, GAIL India Ltd and RIL as well as parallel marketeers to comply with the order.

RIL said it wants to put in its own LPG, possibly produced at its Jamangar refineries in Gujarat in the pipeline for transportation.

OVL is preparing a master plan for development of the gas field, while also working on a pricing formula.

India is expected to ship out similar volumes in September compared with August, when it exported 2.85 million tonnes, according to traders.

India received about 576,000 barrels per day (bpd) of Iranian oil in August, up about 10 per cent from July.

India's overall gasoline imports hit a peak in May at 160,000 tonnes, highest since June 2015.

.Private gems and jewellery major Rajesh Exports has made its debut at 423rd position.

A litre of petrol in Delhi now costs Rs 65.60 while diesel is priced at Rs 53.93 a litre.