Search For "oil market"
LPG losses of oil companies narrows 35% QoQ in Q1FY26: Report
Updated : 6 months, 3 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's decision to raise tariffs on India unjustified and ignores market
Updated : 7 months, 1 week ago IST
US President Donald Trump's claim that India is buying massive amounts of Russian oil and selling it on the open market for big profits "is factually incorrect and misleading," think tank GTRI has said, noting that a key reason New Delhi stepped up Russian oil purchases was to help stabil
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Crude oil prices may surge to USD 80 per barrel amid fresh US-Russia tensi
Updated : 7 months, 1 week ago IST
Brent crude oil prices are expected to rise to USD 80 per barrel in the coming months as tensions between the United States and Russia threaten to disrupt the global oil supply chain, highlighted oil market experts in conversation with ANI.
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Commercial LPG cylinder price cut by Rs 33.50; new rates effective from Au
Updated : 7 months, 1 week ago IST
Oil marketing companies have reduced the price of a 19 kg commercial LPG gas cylinder by Rs 33.50, with the revised rates coming into effect from Thursday.
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EU Envoy to India clarifies sanctions on Russia, says no disruption to glo
Updated : 7 months, 4 weeks ago IST
The European Union's recent sanctions on Russian oil, energy, banking and defence industries are aimed at degrading Moscow's "war economy" while preserving global oil market stability, said Ambassador of the Delegation of the European Union to India Herve Delphin on Saturday.
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Commercial 19-kg LPG cylinder price slashed by ₹58.50, no change in
Updated : 8 months, 2 weeks ago IST
While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. However, there was no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households.
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S&P Global warns geopolitical tensions may hit global oil demand
Updated : 8 months, 2 weeks ago IST
The latest report by S&P Global highlights that geopolitical tensions and shifting trade policies could potentially have a negative impact on the global oil demand.
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Crude prices to ease amid de-escalation of geo-political issues, supply su
Updated : 8 months, 3 weeks ago IST
Global crude oil prices are likely to see downside, weighed down by the de-escalation of the Israel-Iran conflict, soft demand and increasing supply, revealed a latest research report by ICICI Bank.
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"Comfortably placed to meet our fuel supply needs": Hardeep Puri on India'
Updated : 9 months ago IST
He emphasised India's strategic preparedness in managing fuel security and ensuring stable supplies. "Under the visionary leadership of PM @narendramodi Ji, we have diversified our import basket substantially and are comfortably placed to meet our fuel supply needs," the minister added.
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Any escalation in Middle-East crisis or sharp rise in crude prices will im
Updated : 9 months ago IST
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
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