Search For "oil market"
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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Cabinet raises price of molasses-made ethanol for current season
Updated : 1 year, 1 month ago IST
The government has approved the revision of ethanol procurement price for Public Sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25 starting from November 1, 2024, to October 31, 2025, under the Ethanol Blended Petrol (EBP) Programme.
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Despite OPEC+ supply cut, global oil market will be in surplus during 2025
Updated : 1 year, 2 months ago IST
This surplus, though modest, is expected to exert downward pressure on oil prices, with Brent crude likely to average around USD 71 per barrel next year.
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Commercial LPG cylinder prices hiked by Rs 16.5, domestic remained unchang
Updated : 1 year, 3 months ago IST
Oil marketing companies have raised the prices of commercial LPG gas cylinders with immediate effect.
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Union Minister Hardeep Puri holds key talks with OPEC chief, eyes balanced
Updated : 1 year, 4 months ago IST
Union Minister Hardeep Singh Puri met with HE Haitham Al-Ghais, Secretary General of Organization of the Petroleum Exporting Countries (OPEC) on Moday at the ADIPEC conference in Abu Dhabi to discuss India's partnership with OPEC.
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Commercial LPG cylinder prices hiked by Rs 62, domestic rates unchanged
Updated : 1 year, 4 months ago IST
The rate of the widely used 19 kg commercial LPG cylinder has been increased by Rs 62, bringing the price in Delhi to Rs 1,802. Earlier the cost of commercial cylinder in the national capital was Rs 1,740.
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Oil Marketing Companies increase dealer margins, introduce freight rationa
Updated : 1 year, 4 months ago IST
In a significant decision coinciding with the festival of Dhanteras, the Oil Marketing Companies (OMCs) on Tuesday announced an increase the Dealer Commission payable to petrol pump dealers.
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OMCs' operating profit to drop by 30% in FY25 amid diesel spread softening
Updated : 1 year, 4 months ago IST
Oil marketing companies (OMCs) will see operating profit drop to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal, said report.
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Commercial LPG cylinder prices hiked by Rs 48.50
Updated : 1 year, 5 months ago IST
The oil marketing companies on Tuesday announced a hike in the prices of commercial LPG gas cylinders, effective from today (October 1st), according to the sources.
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IOC withdraws proposed Rs 22,000 cr rights issue amid lack of government p
Updated : 1 year, 5 months ago IST
The decision was made during the company's Board meeting held on Monday, September 30th, following the government's decision not to allocate funds for capital support to oil marketing companies (OMCs) in the Union Budget for 2024-25.
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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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India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Cri
Updated : 1 year, 5 months ago IST
India's oil marketing companies (OMCs) are expected to increase the country's crude oil refining capacity by 35-40 million tonnes (MT) by the end of fiscal 2030, the Crisil Ratings said.
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