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India's oil import bill to jump by 25% in FY'18

India's oil import bill is likely to jump by a quarter to USD 87.7 billion in the current fiscal year which ends this weekend as international oil prices have surged.

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Union Oil Minister Dharmendra Pradhan on Sunday said his Ministry is trying to bring petrol and diesel under the purview of the Goods and Services Tax (GST).
ONGC will pay Rs 473.97 per share for 77.8 crore shares of the government in Hindustan Petroleum Corp Ltd (HPCL), the company said in a stock exchange filing.
The total installed capacity has reached 3.30,861 mega watt (Mw) by the end of November, this year. Of this, contribution from the private sector was 44.5 percent.
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