Search For "oil companies"
Oil marketing companies making profit of Rs 15/lt on Petrol, Rs 12/lt on D
Updated : 1 year, 5 months ago IST
With crude prices going down, oil marketing companies (OMCs) are making huge profits by selling petrol and diesel.
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Minister Hardeep Puri lauds role of oil companies in times of natural disa
Updated : 1 year, 6 months ago IST
On the 65th establishment day of the Indian Oil Corporations (IOC) foundation day, Union minister of Petroleum and Natural GAS lauded the role of IOC. Puri said IOC not only kept a check on domestic prices of petrol and diesel amid global fuel price hike but also ensures supply of Aviation T
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Moody's affirms stable outlook for BPCL, IOCL
Updated : 1 year, 8 months ago IST
Moody's Ratings on Thursday affirmed a stable outlook for state-owned oil companies Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Limited (BPCL).
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Profit of oil companies will decrease in FY25 as refining margin drops
Updated : 1 year, 9 months ago IST
The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners moderated to an average of USD 10 - 12/bbl. According to a report by CareEdge ratings, the GRM of oil companies will reduce further to USD 6-8 in FY25
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Indian Rupee to remain steady in near-term: Report
Updated : 1 year, 10 months ago IST
Even in May, it continued to trade in a tight range of 83.43-83.52 per US dollar amidst a lack of FPI inflows and dollar demand from oil companies, according to a report by the Bank of Baroda.
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Higher marketing margins led to over 4.8 times hike in FY24 net profit of
Updated : 1 year, 10 months ago IST
Sources told ANI, "Three oil companies IOC, BPCL and HPCL has met a combined net profit of Rs 1.35 lac crores in FY 2023-24."
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Free safety check for all LPG connections by Govt oil companies
Updated : 1 year, 10 months ago IST
According to a release by the All India LPG distribution federation, a delivery personnel or mechanic will visit the homes of gas consumers within a stipulated timeframe to perform safety checks and educate consumers on safety protocols.
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Free safety checking of LPG domestic gas connections being done across cou
Updated : 1 year, 10 months ago IST
In a joint campaign by government oil companies and their distributors, basic safety checks are being done by visiting the homes of gas consumers within a time-bound period across the country.
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Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders
Updated : 1 year, 11 months ago IST
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free trade LPG) cylinders.
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Fuel price surge: Oil companies spike commercial LPG rates, impacting metr
Updated : 2 years ago IST
According to the latest updates, the retail sales price of a 19 kg commercial LPG cylinder in Delhi will stand at Rs 1795 from March 1 onwards. This adjustment reflects the evolving landscape of fuel pricing and its implications for consumers.
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"No control on looting by Modi government": Congress Chief slams centre ov
Updated : 2 years, 2 months ago IST
In a post on X, the Congress chief claimed that oil companies in the country are earning Rs 8 to Rs 10 profit from the public on every litre of petrol and Rs 3 to Rs 4 profit on diesel.
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Priyanka Gandhi slams Centre over rising fuel prices, inflation
Updated : 2 years, 2 months ago IST
Congress leader Priyanka Gandhi Vadra on Saturday slammed the Centre over the rising fuel prices and inflation in the country. "Crude oil has become cheaper by 29% in the international market in 19 months. Oil companies have earned Rs 1.32 lakh crore profit in six months. The burden of their
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