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Hindustan Petroleum Corp

Govt-owned oil refiners struggle to get adequate crude supplies from Russia

Oil executives from three of the nation's government-owned processors said they haven't been able to obtain enough Russian crude for January loading in the so-called spot market

Govt-owned oil refiners struggle to get adequate crude supplies from Russia
Updated On : 23 Dec 2024 | 8:07 PM IST

Indian oil giants, Brazil's Petrobras in talks for long-term crude supply

Indian Oil, Hindustan Petroleum, and Bharat Petroleum are negotiating with Brazilian energy major Petrobras to secure long-term crude oil supply contracts to diversify its energy sources

Indian oil giants, Brazil's Petrobras in talks for long-term crude supply
Updated On : 05 Jul 2024 | 11:54 AM IST

Indian refiners may need a rethink amid shrinking Russian crude discounts

Even after reduction, discounts on Russian crude oil may be contributing $1.5 to $2.5 a barrel to refiners' gross refining margins

Indian refiners may need a rethink amid shrinking Russian crude discounts
Updated On : 22 Apr 2024 | 1:26 PM IST

ISPRL signs deal with Hindustan Petroleum to lease 300,000 MT space

State-run ISPRL has been selling from the caverns to local refiners after a change in the government rules in 2021

ISPRL signs deal with Hindustan Petroleum to lease 300,000 MT space
Updated On : 07 Feb 2024 | 9:48 PM IST

IOC, BPCL, HPCL: OMCs shares on fire post Interim Budget; check key levels

IOC is likely to trade on a bullish note as long as the stock sustains above Rs 165, suggests the daily chart.

IOC, BPCL, HPCL: OMCs shares on fire post Interim Budget; check key levels
Updated On : 05 Feb 2024 | 11:28 AM IST

HPCL, BPCL, IOCL: OMCs rally up to 23% in Nov; will they sustain the gains?

Drop in crude oil prices and a bumper profit in Q2 has fuelled the rally so far in oil marketing companies.

HPCL, BPCL, IOCL: OMCs rally up to 23% in Nov; will they sustain the gains?
Updated On : 15 Nov 2023 | 12:02 PM IST

Hindustan Petroleum to stop buying diesel from other companies next year

Hindustan Petroleum Corporation Ltd (HPCL) will stop buying diesel from companies like Reliance Industries Ltd and Nayara Energy once it completes expansion of its Visakhapatnam refinery in Andhra Pradesh and builds a new one in Rajasthan next financial year, company officials said. HPCL owns almost a quarter of petrol pumps in the country but does not have commensurate oil refining capacity to produce petrol and diesel. So to make up for this, it buys products from refiners such as Mangalore Refinery and Petrochemicals Ltd (MRPL), Reliance Industries' Jamanagar units in Gujarat and Nayara's Vadinar refinery. At an investor call post announcing second quarter earnings, HPCL chairman Pushp Kumar Joshi says the firm's focus on capital spending in the last five years in "strengthening quality and capacity" of assets has "started yielding results now". The company has already expanded its Mumbai refinery capacity to 9.5 million tonnes per annum from 7.5 million tonnes and would complete

Hindustan Petroleum to stop buying diesel from other companies next year
Updated On : 08 Nov 2023 | 10:27 PM IST

Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOCL 4%

In Q2, HPCL logged a consolidated net of Rs 5,827 crore, compared to a loss of Rs 2,476 crore in year ago quarter. Revenue, however, dipped 9.7 per cent YoY to Rs 1.02 lakh crore.

Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOCL 4%
Updated On : 07 Nov 2023 | 12:55 PM IST

HPCL aims to cut diesel purchase from other cos following output boost

Vizag refinery will operate at 13.5 mtpa capacity in the current fiscal year and at full capacity of 15 mtpa in the next fiscal, Bharathan said

HPCL aims to cut diesel purchase from other cos following output boost
Updated On : 09 Oct 2023 | 1:50 PM IST

HPCL recieves bids to lease part of Chhara LNG terminal on west coast

HPCL aims to commission the terminal, with a planned capacity of 5 million metric tons per year (tpy) in the December quarter, K Sreenivasa Rao told reporters at an event

HPCL recieves bids to lease part of Chhara LNG terminal on west coast
Updated On : 10 Jul 2023 | 2:59 PM IST

HPCL to open vehicle service centres in India with Saudi Arabia's Petromin

HPCL's co-branded service centres will be located at its select retail outlets in metros and other major cities across India

HPCL to open vehicle service centres in India with Saudi Arabia's Petromin
Updated On : 19 Jun 2023 | 3:05 PM IST

Mehul Kothari is bullish on Hind Petroleum, SAIL; check why

According to the technical analyst from Anand Rathi, Hind Petro can surge to Rs 278; while SAIL can advance to Rs 97.

Mehul Kothari is bullish on Hind Petroleum, SAIL; check why
Updated On : 12 Jan 2023 | 7:58 AM IST

Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2

The company blamed depressed marketing margins on motor fuels and LPG as the main reason for its profitability being impacted over the latest quarter

Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2
Updated On : 03 Nov 2022 | 10:27 PM IST

One in every 10 petrol pumps in India now offering CNG, EV charging

India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities

One in every 10 petrol pumps in India now offering CNG, EV charging
Updated On : 26 Oct 2022 | 12:55 PM IST

Hindustan Petroleum, Honda join hands to boost electric mobility

HPCL and Honda Power Pack Energy India Pvt Ltd, a subsidiary of Honda Motor Co Ltd (Honda), launched their first 'e:swap' station at HPCL's petrol pump in Bengaluru on August 6, the firm said.

Hindustan Petroleum, Honda join hands to boost electric mobility
Updated On : 10 Aug 2022 | 12:32 AM IST

Windfall tax: Relief for product exports, not for upstream crude, says Citi

Petrol and diesel prices are down by $40-50 per barrel from month-ago levels

Windfall tax: Relief for product exports, not for upstream crude, says Citi
Updated On : 19 Jul 2022 | 1:24 PM IST

ONGC sells Russia's Sokol oil to Hindustan Petroleum, Bharat Petroleum: Rpt

Indian companies are snapping up Russian oil as it is available at a deep discount after some companies and countries shunned purchases from Moscow due to sanctions against Russia

ONGC sells Russia's Sokol oil to Hindustan Petroleum, Bharat Petroleum: Rpt
Updated On : 29 Mar 2022 | 8:05 AM IST

Indian shares fall as oil prices climb; banks, consumer companies weigh

State-controlled fuel retailers in India, which is the world's third-biggest consumer and importer of oil, will raise petrol and diesel pump prices for the first time since November

Indian shares fall as oil prices climb; banks, consumer companies weigh
Updated On : 22 Mar 2022 | 10:55 AM IST

India to raise petrol, diesel prices after 4-month hiatus, say dealers

India's three state-run fuel retailers - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - dominate fuel retailing in India, and tend to move their prices together

India to raise petrol, diesel prices after 4-month hiatus, say dealers
Updated On : 22 Mar 2022 | 7:03 AM IST

India's Feb first-half gas fuel sales pick up as Covid curbs are eased

Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy

India's Feb first-half gas fuel sales pick up as Covid curbs are eased
Updated On : 16 Feb 2022 | 1:18 PM IST