Search For "oil companies"
LPG losses of oil companies narrows 35% QoQ in Q1FY26: Report
Updated : 6 months, 2 weeks ago IST
The LPG under-recovery for Oil Marketing Companies (OMCs) witnessed a sharp decline in the first quarter of FY26, narrowing by nearly 35 per cent quarter-on-quarter, according to a report by Care Edge Ratings.
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Hardeep Singh Puri hails Centre's Rs 30000 crore compensation to oil compa
Updated : 7 months, 1 week ago IST
Despite a 63% hike in Saudi CP, the Modi government has kept LPG prices stable, insulating mothers and sisters from the price rise. Oil Marketing Companies (OMCs) have suffered heavy losses to make LPG available to kitchens at nearly half the cost at which it is sold in neighbouring count
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Cabinet approves Rs 30,000 crore as compensation to oil companies for LPG
Updated : 7 months, 1 week ago IST
The Union Cabinet chaired by Prime Minister Narendra Modi has approved compensation amounting to Rs 30,000 crore to the three Public Sector Oil Marketing Companies (IOCL, BPCL and HPCL) for the under- recoveries incurred on sale of domestic LPG.
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Trump says India reportedly halting Russian oil would be 'a good step' as
Updated : 7 months, 1 week ago IST
United States President Donald Trump on Friday (local time) suggested that India may cease purchasing Russian oil, calling it "a good step" if confirmed, while India has defended its sovereign right to conduct energy policy based on national interest. Earlier on Friday, the Ministry of Ex
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Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 10 months ago IST
LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by CareEdge Ratings.
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Oil companies' losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in
Updated : 11 months, 1 week ago IST
Oil marketing companies (OMCs) are likely to see a big drop in losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking.
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"LPG price increase will enable oil companies to offset their under-recove
Updated : 11 months, 1 week ago IST
In a post on X, Hardeep Puri said, "We have been providing affordable LPG cylinders to our customers before, and we will continue to do so. The international benchmark for LPG, Saudi CP, saw a 63 per cent price increase (from $385/MT in July 2023 to $629/MT in February 2025), while during
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Government increases excise duty on petrol, diesel by Rs 2 per litre
Updated : 11 months, 1 week ago IST
Although it has not been announced yet, the excise duty hike is expected to be absorbed by the oil companies rather than being passed on to consumers.
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Commercial LPG cylinders price reduced by Rs 7 on Saturday
Updated : 1 year, 1 month ago IST
Oil marketing companies have reduced the prices of commercial LPG gas cylinders on Saturday.
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Nitin Gadkari to discuss with oil companies to make ethanol rates reasonab
Updated : 1 year, 1 month ago IST
Nitin Gadkari, Union minister for roadways, Thursday said he would hold a meeting with oil marketing companies after the Delhi elections, where they would discuss ways and means to make retail ethanol prices reasonable.
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Policy overhaul, windfall tax removal to draw in global oil companies in I
Updated : 1 year, 3 months ago IST
India's move to broaden the scope of its exploration policy beyond petroleum and natural gas while lately abolishing a windfall tax on domestically produced crude oil will likely draw in private and foreign entities to the upstream energy sector, according to S&P Global Commodity Insight
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Govt scraps windfall tax on ATF, crude products, petrol and diesel; relief
Updated : 1 year, 3 months ago IST
The government on Monday withdraws the windfall tax levied on Aviation Turbine Fuel (ATF), crude products, petrol and diesel through a notification introduced in the Lok Sabha.
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