As of July 1, there are 32.68 crore active domestic LPG consumers being served by public sector Oil Marketing Companies (OMCs). To ensure a steady supply of refills and to accommodate new LPG connections, OMCs have over 50 crore cylinders in circulation, most of which are steel cylinders.
Bangalore (Karnataka) [India], July 16: TruAlt Bioenergy, one of India's largest biofuel and bioenergy companies has secured a significant order worth over Rs 390 crore from leading Oil Marketing Companies (OMCs) including Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation
According to a notification from the Finance Division, petrol prices surged by PKR 9.99 per litre, reaching PKR 275.6/ltr, while HSD saw a rise of PKR 6.18/ltr, settling at PKR 283.63/ltr for the upcoming fortnight.
Standard Operating Procedure of Pradhan Mantri Ujjwala Yojana (PMUY) also clearly mentions biometric authentication as a prerequisite to apply for a new connection. Significant numbers of Biometric Aadhaar Authentications (more than 35 lakh PMUY beneficiaries) were successfully conducted
Union Minister Hardeep Singh Puri says that the oil marketing companies are undertaking eKYC (Electronic Know Your Customer) Aadhar authentication for LPG customers to check bogus customers against whose name commercial cylinders are often booked by many gas distributors.
New Delhi/ Mumbai (Maharashtra) [India], July 2: Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company, proudly announces its partnership with the Indian Olympic Association (IOA) as the official Principal Partner for four years, starting from Paris Olym
The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Delhi is now Rs 1646.
Fitch projects a 3 per cent-4 per cent increase in India's petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs.
The International Energy Agency (IEA) has released its latest medium-term oil market outlook, which examines how India's involvement in the global oil market may change between now and 2030. The report examines energy transition patterns that may affect oil demand in various industries, and
Effective today, the rate of 19 kg commercial LPG cylinders has been slashed by Rs 69.50 in Delhi, with the retail sales price now standing at Rs 1676.
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