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A technician opens a pressure gas valve inside ONGC group gathering station on the outskirts of Ahmedabad

ONGC Q4 net profit leaps above estimate
By Prashant Mehra and Devidutta Tripathy MUMBAI/NEW DELHI (Reuters) - State-run Oil & Natural Gas Corp's net profit more than doubled in the fourth quarter, as the company benefited from higher crude oil prices and foreign exchange fluctuations. ONGC, India's third-biggest company by market value, reported net profit of 56.44 billion rupees for its fiscal fourth quarter ended March 31, up from

Oil drops on Spanish debt downgrade
Investor jitters about Europe snuffed out a rally in the price of oil on Tuesday.

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Fuel for thought

Predictably, Indian Oil’s conference to declare its annual and fourth quarter results on Monday was all but hijacked by the burning topic of the petrol price rise. Most of the questions the

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Investments in petro schemes fall in 11th Plan

The progress of various schemes of the ministry of chemicals and fertilisers for petrochemicals, including its flagship Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs),

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Fuel shortage in Chennai will end tonight: Jaya
Tamil Nadu Chief Minister J Jayalalithaa on Tuesday said that the shortage of petrol and diesel in Chennai will come to an end by tonight.

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Mihir S Sharma: Rust of the world

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