Reliance Industries quarterly consolidated revenue at Rs 2.58 lakh crore for Q2
Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
Upstream oil exploration and production companies ONGC and Oil India Ltd will benefit from the announcement as they have to pay the windfall tax on their crude oil output.
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, said sources.
Hiring for roles in artificial intelligence (AI) and Oil & Gas sectors has witnessed a growth of over 20 per cent in the month of February 2024, a new report showed on Monday.
It has boosted the oil and gas sector futures in the commodities markets strongly, experts opined.
Noting that India is the world’s third largest consumer of crude oil and yet import-dependent for more than 80 percent of its needs, Naidu underlined the importance of increasing production, not only to save foreign exchange but also to ensure energy security.
Record coal and gas prices, as well as rolling black-outs are prompting the power sector and energy-intensive industries to turn to oil, which has pushed up global oil demand
The centre's decision will soften the prices of edible oils in the domestic market, thereby bringing great relief to consumers across the country,.
According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."
In Mumbai, the petrol price increased by over 30 paisa per litre to reach close to Rs 109 per litre while diesel rates increased and stood near Rs 100 a litre at over Rs 99.15 a litre.
