The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned Oil India, consultancy firm Engineers India Ltd (EIL) and Government of Assam for Rs 9,875.96 crore

Five litre of petrol was awarded to a cricketer who was judged as 'Man of the Match' in the final bout of a cricket tournament. The photo of the 'Man of the Match' being awarded 5 litre of petrol in Bhopal has gone viral on social media

The Ministry of Finance is considering cutting excise duties on petrol and diesel to cushion the impact of record-high domestic prices, three government officials close to the discussions said. As the coronavirus pandemic hit economic activity, Prime Minister Narendra Modi's government  raised taxes twice on petrol and diesel in the last 12 months to boost sagging tax revenues instead of passing on the benefits of low oil prices last year to consumers. Watch the video for more.Also Read: ATF price up by steep 6.5%; petrol, diesel unchanged

This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1

Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019, according to data from the Controller General of Accounts (CGA)

Aviation turbine fuel (ATF) price was raised by Rs 1,512.38 per kilolitre, or 2.96 per cent, to Rs 52,491.16 per kl in the national capital, according to a price notification of state-owned fuel retailers

IndiGo is in preliminary discussions with Pratt & Whitney and CFM International for jet engine order that would power about 150 new Airbus SE A320neo jets

ATF price was last hiked by 1.5 per cent or Rs 635.47 per kl, on July 16. This was the fifth straight increase since June. Petrol and diesel prices were kept unchanged on Saturday

To facilitate the deal, Reliance had earlier this year decided to spin off the O2C business into a separate subsidiary, and Ambani on Wednesday said that process would continue and is likely to be completed by early 2021

ATF charges were increased by a record 56.6 per cent or Rs 12,126.75 per kl on June 1, while prices went up by Rs 5,494.5 per kl or 16.3 per cent on June 16

Airlines have taken to the skies after two months. But their pain is far from over

IOC said though there was no closure of any of its refineries due to drop in demand of petroleum products, their operations were curtailed to the level of 39 per cent in April

With the start of domestic flights, DGCA had capped fares according to seven bands for next three months to keep flight tickets affordable. Now with ATF prices going up, airlines will be faced with difficult option of flying with limited planes or incur extra costs

Uncertainities about sustained demand, high costs of operation, competition in a turbulent sector weigh heavy on airlines' minds as they devise a reboot plan in a post-lockdown world

Check out live updates on Finance Minister Nirmala Sitharaman's speech on economic package; on the third day of announcements, the FM is likely to come out with stimulus for ailing travel, tourism and aviation sectors

ATF, which is used as a fuel in aeroplanes, now costs less than one-third of the price of petrol used in cars and two-wheelers. A litre of petrol in Delhi comes for Rs 69.59 while jet fuel is priced at Rs 22.54 per litre

Airport operators have been advised to ensure adequate check-in and security counters to avoid congestion and also sufficient staff at these places to guide passengers to avoid bunching

Ratings agency Moody's estimated global capacity would fall by 25 percent to 35 percent this year

State-owned oil firms cut aviation turbine fuel (ATF) price by Rs 6,687.75 per kilolitre (kl) or 11.76 per cent, to Rs 50,171.26 per kl - the lowest since September 2017

The country's aviation sector hit a rough patch as the combined operating profits of scheduled Indian carriers in 2018/19 worsened for the first time since 2015/16