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India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri told Reuters on Tuesday. While global refining centers are downsizing as energy transition progresses at an unpredictable pace, India's rising daily crude utilization means it will rely on fossil fuels until at least 2040, Puri said at the sidelines of a refining conference in Bengaluru. "Our ...
India shaping up as refining hub, to rely on fossil fuels until 2040, oil minister says
Subdued refining margin drags 2Q performance * HPCL’s reported 2QFY25 financial performance was significantly below our expectations, mainly due to a weaker refining margin. LPG under-recoveries have largely remained in line with the 1QFY25 trend. Overall, refining GRM remains soft in Oct’24, and the oil demand outlook too remains muted. As a result, we trim our GRM assumptions for 2HFY25/FY26/FY27. Meanwhile, OMCs continue to generate strong marketing margins on MS/HSD cu...
Buy Hindustan Petroleum Corporation Ltd For Target Rs.455 By Motilal Oswal Financial Services Ltd
HP Green R&D Centre (HPGRDC), the research facility of oil major Hindustan Petroleum Corporation Ltd (HPCL), on Tuesday announced a landmark partnership with Engineers India Ltd (EIL) for the commercialisation of its indigenously developed Hydrogen Pressure Swing Adsorption (HP-PSA) technology. The strategic collaboration between the two public sector companies "marks a significant milestone in India's journey towards self-reliance in cutting-edge technology, aligning wi...
HPCL's Green arm ties up with EIL for marketing hydrogen technology
India's state-run Hindustan Petroleum Corp Ltd is looking at raising its annual crude import deal with Iraq to 100,000 barrels per day (bpd) in 2025, a growth of about 43% from this year, a company source said. HPCL has an annual deal to buy 70,000 bpd Iraqi oil in 2024, the source added. The company's crude oil imports would rise next year as it commissions some residue upgradation units at its 274,000 bpd Vizag refinery in Southern India. The refinery is being expanded to 300,...
India HPCL plans to buy 43% more Iraqi oil in 2025, company source says
Glenmark Pharmaceuticals Ltd Buy Glenmark Pharmaceuticals Ltd @ 1730-1732 Target 1750.00 Stop Loss 1721.80 Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 389-390 Target 394.50 Stop Loss 387.20 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Glenmark Pharmaceuticals Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
HRRL — White elephant or prized asset? * HPCL’s Rajasthan Refinery (HRRL) is set to start operations in FY26 and will add ~30% to HPCL’s refining capacity. At peak capacity utilization (likely in FY28), HRRL will contribute ~37% to HPCL’s FY26E EBITDA. HPCL will account for HRRL on a joint venture basis (74% stake). * HRRL’s start coincides with what we view as the golden age of refining, as global net refining capacity additions in 2024-30 are estimated to...
Buy Hindustan Petroleum Corporation Ltd For Target Rs. 460 By Motilal Oswal Financial Services Ltd
As the adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday. Addressing an event here organised by the Automotive Component Manufacturers Association of India (ACMA), the Minister also urged automobile companies to contribute to road safety initiatives, emphasising that road safety remains a significant concern f...
Cost of EVs to match petrol, diesel vehicles in about 2 years: Nitin Gadkari
Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 426.50-427.50 Target 432.00 Stop Loss 424.60 Tata Steel Ltd Buy Tata Steel Ltd @ 151.70-152.00 Target 150.00 Stop Loss 153.20 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Petroleum Corporation Ltd And Tata Steel Ltd By ICICI Direct
Power Finance Corporation Ltd Buy Power Finance Corporation Ltd @ 529-531 Target 537.00 Stop Loss 524.80 Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 401-403 Target 407.00 Stop Loss 399.20 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Power Finance Corporation Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Hindustan Petroleum Corporation Ltd * HINDPETRO witnessed a fresh breakout from the multi-month consolidation range with noticeable volumes. * Thereafter, it has been holding strong above the neckline of the breakout zone offering a fresh buying opportunity with favorable risk-reward. * The stock is also trading well above its short term moving averages suggesting momentum in place. * Traders can consider fresh longs in the mentioned range. Buy Hindustan Petroleum...
Stock of the day : Hindustan Petroleum Corporation Ltd For Target Rs. 435 - Religare Broking
Hindustan Unilever Ltd Buy Hindustan Unilever Ltd @ 2791-2793 Target 2830.00 Stop Loss 2774.00 Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 408-409 Target 414.70 Stop Loss 406.50 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Unilever Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
JNK India is currently trading at Rs. 730.00, up by 25.00 points or 3.55% from its previous closing of Rs. 705.00 on the BSE. The scrip opened at Rs. 722.95 and has touched a high and low of Rs. 735.00 and Rs. 706.15 respectively. So far 3323 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 895.40 on 24-Jun-2024 and a 52 week low of Rs. 550.00 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs. 7...
JNK India shines on bagging large order from HPCL
Hindustan Unilever Ltd Buy Hindustan Unilever Ltd @ 2734-2736 Target 2766.00 Stop Loss 2717.00 Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 389-397 Target 426.00 Stop Loss 376.00 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Unilever Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Hindustan Petroleum Corporation Limited (HPCL) on Monday reported a consolidated net profit of Rs 634 crore during the first quarter 2024-15 compared to 6,766 crore during 1Q FY24. The standalone net profit during this quarter was Rs 356 crore compared to 6,204 crore during 1QFY24. "The primary reasons for the lower net profit are suppressed marketing margins on select petroleum products and reduced refining margins," according to an HPCL statement. The average gross ...
HPCL net profit declines to Rs 634 crore in Q1 as refining margin dips
Hindustan Petroleum Corp Ltd * We are seeing a smart recovery in oil&gas pack and HINDPETRO is also participating in the move. * The stock traded in a broader range for over a month keeping the bias on positive side. * It has recorded a fresh breakout from the range with strong surge in volume. * We expect this recovery to strengthen further and hence one can go long in the mentioned range. Buy Hindustan Petroleum Corp Ltd CMP 373.75 Range 372-374&nb...
Stock of the day : Hindustan Petroleum Corp Ltd For Target Rs. 393 - Religare Broking
Refining margins disappoint on lower distillate yield, while marketing better than expectations Our View Hindustan Petroleum’s Q4FY24 performance showcases surprise weaker refining performance, GRMs drastically missing our estimates. With EBITDA at Rs48bn and PAT at Rs28.4bn, marketing cushioned overall performance. Reported EBITDA and PAT is lower than our estimates and consensus expectations. The reported GRM of USD6.95/bbl and Rs5.5/ltr of blended gross marketing margins, whil...
Buy Hindustan Petroleum Ltd. For Target Rs. 700 - Yes Securities
State Bank of India Ltd. Buy State Bank of India Ltd. @ 854-856 Target 880.00 Stop Loss 842.00 Hindustan Petroleum Corporation Ltd. Buy Hindustan Petroleum Corporation Ltd. @ 545-550 Target 568.00 Stop Loss 537.00 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
NTPC Ltd. Buy NTPC Ltd. @ 371.50-372.50 Target 376.00 Stop Loss 369.40 Hindustan Petroleum Corporation Ltd. Buy Hindustan Petroleum Corporation Ltd. @ 504-514 Target 558.00 Stop Loss 490.00 Upside 8% Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : NTPC Ltd And Hindustan Petroleum Ltd By ICICI Direct
NTPC Ltd. Buy NTPC Ltd. @363-364 Target 368.50 Stop Loss 360.70 Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @505-506 Target 512.80 Stop Loss 501.30 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : NTPC Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Canara Bank Ltd Buy Canara Bank Ltd @618-619 Target 625.00Stop Loss 614.80 Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @491.50-492.50 Target 497.80 Stop Loss 489.40 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Canara Bank Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
HPCL’s Q3FY24 SA EBITDA fell 75% QoQ to Rs21.3bn, due to shutdown at the Vizag Refinery (VR), refining inventory losses, lower spreads, and suppressed marketing margins. EBITDA saw a slight miss, with mktg weakness & higher opex largely offset by better reported GRM of USD8.5/bbl (Emkay: USD4.5/bbl). Core GRM was ~USD11/bbl. Blended mktg margin came in 20% below estimate, with some weakness in seen non-auto-fuels (albeit denied by Mgmt). Gross debt fell 3% QoQ to Rs500bn. Mgmt guide...
Buy HPCL Ltd For Target Rs.500 - Emkay Global
Hindustan Petroleum Corp Ltd Buy Hindustan Petroleum Corp Ltd CMP 487.45 Range 486-488 SL 472; Target 515 Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330
Stock of the day : Hindustan Petroleum Corp Ltd For Target Rs. 515 - Religare Broking
Medium-term prospects bright despite the near-term blip HPCL missed our EBITDA estimate for 3QFY24 due to a lower-than-expected marketing margin of INR2.7/lit (est. of INR3.4/lit) led by suppressed margins on diesel. Refinery throughput was in line at 5.3mmt (up 11% YoY). The company expects to clock a refining throughput of 22mmtpa in FY24 (vs. 19mmtpa in FY23) led by the commissioning of expanded capacity at Vizag refinery. Singapore GRM has also rebounded to USD7.2/bbl in 4QFY24&rsqu...
Buy Hindustan Petroleum Ltd For Rs.530 By Motilal Oswal Financial Service
Performance below expectations on weaker marketing margins Our View Hindustan Petroleum’s quarterly performance showcases surprise weaker marketing performance, while GRMs and inventory gains was inline to our estimates. With EBITDA at Rs21.6bn and PAT at Rs5.3bn, the company demonstrated the challenges it faced in marketing of HSD and other key products where gross margins were impacted. Reported EBITDA and PAT is lower than our estimates but closer to the consensus expectations....
Buy Hindustan Petroleum Ltd For Target Rs. 574 By Yes Securities
Rosneft and Indian Oil Corp have yet to renew an oil supply deal that expired in March as they have been unable to agree on price and volumes, forcing India's top refiner to turn to spot markets, three sources with knowledge of the matter said on Monday. IOC and Rosneft renewed the annual oil deal for a second time a year ago. It was originally signed during Russian President Vladimir Putin's visit to India in December 2021, months ahead of Moscow's military action in Ukraine. ...
India`s top refiner set to tap spot oil as Russian term deal lapses
Tata Motors is currently trading at Rs. 980.85, up by 2.05 points or 0.21% from its previous closing of Rs. 978.80 on the BSE. The scrip opened at Rs. 983.40 and has touched a high and low of Rs. 987.00 and Rs. 980.00 respectively. So far 96953 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 401.10 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs...
Tata Motors inches up as its arm signs MoU with HPCL
The electric mobility unit of Tata Motors Ltd and Hindustan Petroleum Corp on Wednesday signed a memorandum of understanding to set up EV charging stations across India. The collaboration will leverage HPCL’s network of 21,500 fuel outlets across India to set up public charging stations at locations frequented by 1.2 lakh Tata Motors electric cars on the road, according to a joint statement issued by the two companies. Tata Motors and HPCL are also exploring a new payment system &...
HPCL, Tata Motors ink pact to set up EV charging stations
Hindustan Petroleum Corporation Limited Buy Hindustan Petroleum Corporation Ltd @ 467-469 Target 473.50 Stop Loss 464.70 Coal India Limited Buy Axis Bank Ltd @ 427-428 Target 432.00 Stop Loss 424.80 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Petroleum Corporation Ltd And Coal India Ltd By ICICI Direct
Likhitha Infrastructure is currently trading at Rs. 252.35, up by 8.25 points or 3.38% from its previous closing of Rs. 244.10 on the BSE. The scrip opened at Rs. 249.65 and has touched a high and low of Rs. 265.00 and Rs. 249.65 respectively. So far 39486 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 342.65 on 29-Sep-2023 and a 52 week low of Rs. 224.20 on 20-Mar-2023. Last one week high and low of the scrip ...
Likhitha Infrastructure surges on receiving order worth Rs 106.12 crore
Hindustan Petroleum Corp plans to start operating its new 180,000 barrels per day Barmer refinery in India's desert state of Rajasthan by end-December using mostly Middle East oil, its head of refineries S Bharatan said. The state-run company expects the refinery to reach full capacity in about a year's time, Bharatan told Reuters in an interview. "The new refinery can process 100% heavy grades so we will buy Middle Eastern heavy oil and will also bid to buy Mangala oil as ...
HPCL to start Rajasthan refinery by end-December using mostly Mideast oil
India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday. India, one of the world's biggest emitters of greenhouse gases, is seeking to boost the use of cleaner fuel to cut its carbon emissions and has set a 2070 goal for net zero carbon emissions. Prime Minister Narendra Modi is targeting raising the sha...
India sees $4.95 billion investment for natural gas network in Kashmir, northeast
Servotech Power Systems Ltd., a leading manufacturer of EV chargers in India, has bagged a significant order for nearly 1500 DC fast EV chargers from Hindustan Petroleum Corporation Limited (HPCL) and other EV charger OEMs. The order is valued at 102 crores and involves two charger variants of 60 kW and 120 kW. The order secured by HPCL involves Servotech manufacturing, supplying and installing DC EV chargers nationwide, prioritizing deployment at HPCLs retail outlets. Additionally, Servot...
Servotech Power Systems Wins Order for 1500 DC fast EV Chargers from HPCL and other OEMs
Ahasolar Technologies is currently trading at Rs. 465.00, up by 11.15 points or 2.46% from its previous closing of Rs. 453.85 on the BSE. The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 476.50 and Rs. 465.00 respectively. So far 8000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 476.50 on 20-Feb-2024 and a 52 week low of Rs. 203.00 on 21-Jul-2023. Last one week high and low of the scrip s...
Ahasolar Technologies shines on getting work order form Hindustan Petroleum Corporation
Weaker marketing dents earnings PAT at INR 5.3bn, down 90% QoQ Hindustan Petroleum Corporation’s (HPCL IN) Q3FY24 adjusted PAT was at INR 5.3bn versus our estimates of INR 23.7bn, versus adjusted PAT of INR 1.7bn in Q3FY23 and PAT of INR 51.2bn in Q2FY24. Negative surprise was from higher expenses amid refinery stabilization and shutdown as also weaker marketing margin due to market...
Reduce Hindustan Petroleum Ltd For Target Rs. 450 - Elara Capital
Gujarat Gas is currently trading at Rs. 585.20, up by 4.05 points or 0.70% from its previous closing of Rs. 581.15 on the BSE. The scrip opened at Rs. 589.65 and has touched a high and low of Rs. 589.65 and Rs. 576.60 respectively. So far 19820 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 589.65 on 01-Feb-2024 and a 52 week low of Rs. 397.20 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs....
Gujarat Gas gains on inking MoU with Hindustan Petroleum Corporation
Marketing division holds the edge Hindustan Petroleum’s refining and marketing divisions make healthy contributions to its EBITDA. We expect the FY26 contribution of refining at 42%, marketing 51%, and pipeline 7%. This is a marketing-skewed stock and not as balanced as BPCL. Brighter Marketing Outlook: Over the past few months, HPCL retail fuel margins have recovered from weaker numbers with a fall in crude and product prices which were not passed on as the RSP remains unchanged,...
Buy Hindustan Petroleum Corporation Ltd For Target Rs.574 - Yes Securities Ltd
Hindustan Petroleum Corporation Ltd Buy HPCL(HINPET) Ltd @431-432; Target 436.00; Stop Loss 429.40 Wipro (WIPRO) Buy Wipro Ltd @450-452; Target 456.00; Stop Loss 448.30 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Petroleum Corporation Ltd And Wipro Ltd By ICICI Direct
India plans to halve the amount of equity investment to $1.8 billion for 2023/24 to help fund three state oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit. Asia's third largest economy, facing an over 40% shortfall in collecting revenues from stake sales in state-run companies, is prioritising spending to try to limit its fiscal deficit to 5.9% of GDP for this fiscal year to the end of M...
Exclusive-India set to halve oil refiners` FY24 energy transition equity support
Tiger Logistics (India) is currently trading at Rs. 716.50, up by 5.20 points or 0.73% from its previous closing of Rs. 711.30 on the BSE. The scrip opened at Rs. 715.60 and has touched a high and low of Rs. 734.00 and Rs. 715.00 respectively. So far 37660 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.50 on 28-Dec-2023 and a 52 week low of Rs. 335.00 on 28-Mar-2023. Last one week high and low of the scrip...
Tiger Logistics moves up on bagging tender from Hindustan Petroleum Corporation
The Central government on Thursday directed sugar mills to not use sugarcane juice for producing ethanol in 2023-2024 as it is worried that the country’s sugar output may fall which would lead to a spike in prices. Ethanol is supplied to oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum for blending with petrol. The government notification states that sugar mills can continue to produce ethanol from B-Heavy molasses, which is a by-product in suga...
Government bars sugar mills from using sugarcane for ethanol production
Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said. The resumption in trade between the OPEC producer and what was the second largest destination for its oil comes after Washington in October temporarily lifted sanctions banning Venezuelan oil exports, prompting a fl...
India resumes imports of Venezuelan oil, Reliance seeks direct deal
India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy. The government is weighing options for HPCL, including directly ...
Exclusive-India plans to ask ONGC to consider rights issue to fund HPCL -sources
Stronger-than-expected marketing margin drives earnings beat HPCL’s standalone 2QFY24 EBITDA was significantly higher at INR 82.2bn vs. JMFe/consensus of INR 61.4bn/ INR 57bn despite reported GRM being slightly lower at USD 13.3/bbl (vs. JMFe of USD 14.7/bbl); hence, the beat is driven by significantly higher marketing margin as was witnessed in the case of IOCL and BPCL as well. Our calculations suggest HPCL’s marketing segment EBITDA was significantly higher at INR 49bn in 2Q...
Buy Hindustan Petroleum Corporation Ltd For Target Rs.280 - JM Financial Services
Hindustan Petroleum Corporation Limited (HPCL) continued its upward journey and was up 8 per cent in trade on Wednesday on the back of strong results. HPCL was up more than 6 per cent on Tuesday while Indian Oil was up more than 5 per cent. HPCL was up 8.3 per cent at Rs 302 on BSE. BPCL was up more than 3 per cent. Hindustan Petroleum Corporation (HPCL) reported better than expected Q2 results with EBITDA of Rs 82.2bn and PAT of Rs 51.2bn. Refining margins and gross marketi...
HPCL jumps in trade after better than expected Q2 results
Hindustan Petroleum Corporation is currently trading at Rs. 273.15, up by 11.10 points or 4.24% from its previous closing of Rs. 262.05 on the BSE. The scrip opened at Rs. 262.25 and has touched a high and low of Rs. 273.50 and Rs. 260.20 respectively. So far 349459 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.85 on 26-Jul-2023 and a 52 week low of Rs. 204.20 on 07-Nov-2022. Last one week high and low of...
Hindustan Petroleum Corporation shines on turning black in Q2
India's Hindustan Petroleum Corp Ltd (HPCL) on Monday reported a higher-than-expected quarterly profit, as a ballooning marketing margin helped offset rising crude oil prices. The state-owned refiner reported a net profit of 51.18 billion rupees ($614.95 million) for the second quarter, compared with a loss of 21.72 billion rupees a year ago. Analysts on average had expected a profit of 24.44 billion rupees, according to LSEG data. Global crude oil prices rose about 30% in ...
India`s HPCL posts quarterly profit above estimates on strong marketing margins
Global technology leader in battery-swapping ecosystems, Gogoro on Monday announced it had signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) to rollout battery-swapping stations to thousands of retail gas outlets across India in coming years. As India is in the early stages of a massive electric transformation of its urban two-wheel transportation system, the company said building out the swapping infrastructure is crucial. "There is nowhere...
Gogoro to rollout battery-swapping stations to HPCL gas outlets in India
The Oil marketing Companies on Wednesday increased the prices of commercial LPG cylinders by Rs 101.5 which are effective from November 1 itself. As per the revised rates, a 19 kg LPG cylinder will now be Rs 1,833 from Rs 1,731 earlier in Delhi. This is the second time in a month that the prices of commercial LPG cylinders have been increased. On 1 October, the price was increased by Rs 209 per cylinder. After the revision, a 19-kg commercial LPG cylinder will now cost Rs 1,833 inste...
Prices of commercial LPG cylinders surge by over Rs 100, second hike in a month
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