Tankers being filled with petrol and diesel at a 'Tank Lorry Filling Shed' at Indian Oil Corporation Limited marketing terminal near Pune. The Pune Unit of IOCL is the first to imp...
PTI Photo
Minister for Supply, Nepal, Deepak Bohara meeting the Minister of State for Petroleum and Natural Gas (Independent Charge), Dharmendra Pradhan, in New Delhi. Secretary, Ministry of...
PTI Photo
People watch a fire at a petrol storage tank of state-owned Indian Oil Corporation (IOC) near Surat, in Gujarat.
AP Photo
Firefighters stand near flames rising from a storage tank of Indian Oil Corporation depot in Hajira, near Surat, in Gujarat. No casualties have been reported.
AP Photo/Ajit Solanki
Flames billowing out after a major fire broke out at a storage tank of Indian Oil Corporation's terminal at Hajira.
PTI Photo
Passers-by look at a People for the Ethical Treatment of Animals (PETA) India activist dressed as an injured bull outside an outlet of Indian Oil Corporation Ltd. during a protest ...
AP Photo/Aijaz Rahi
Smoke billowing out of the IOC depot for the 7th consecutive day in Sitapur, Jaipur.
PTI Photo
A view of the IOC depot in Jaipur where the fire continues to burn after several days.
PTI Photo
A cloud of flames billows out of the Indian Oil Depot, on fire for the third consecutive day, in the Sitapura area of Jaipur.
PTI Photo
Fire fighters try to douse flames on the fifth day since a fire broke out in the Indian Oil Corporation on 30th October, in Jaipur. Fire continued to rage in two of the 11 IOC fuel...
PTI Photo
People run to escape smoke and flames rising from an oil depot, in Jaipur.
AP Photo/Mustafa Quraishi
Flames and smoke rise from an oil depot belonging to the Indian Oil Corporation in Jaipur.
AP Photo/Mustafa Quraishi
People watch flames rising from an oil depot in Jaipur. Army troops began efforts to put out the massive fire raging at the depot.
AP Photo/Mustafa Quraishi
Flames and black smoke are seen coming out of an oil depot, in Jaipur. At least six people have been killed and 150 Injured. Fire fighters and the Army worked to contain the blaze ...
According to US Energy Information Administration, India has the 2nd largest proven oil reserves in Asia-Pacific region but, so far the production is done only at 5 locations.
This is the third time that the public sector oil marketing company has cut fuel supply to the airline in the past eight days, which is struggling to keep afloat amid acute liquidity crisis.
This is the third straight monthly reduction in LPG rate. On December 1, subsidised LPG price was cut by Rs 6.52 per bottle and by Rs 5.91 on January 1.
As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee.
Meanwhile, fuel prices continued its northward march on Tuesday with petrol being sold at Rs 80.87 and diesel at Rs 72.97 per litre in the national capital.
Inability of Oil India Ltd to plug a gas leak after a blowout in a well in eastern Assam prompted authorities to relocate nearly 2,500 residents away from the site recently.