Search For "oil marketing companies"
Oil PSUs LPG losses stands at Rs 53,700 cr, likely to get Govt subsidy of
Updated : 6 months ago IST
Oil Marketing Companies (OMCs) continue to face heavy financial pressure from LPG under-recoveries, even as the government prepares to release subsidies over the coming months, highlighted a report by Nuvama Research.
Read More
Despite US sanctions on Russian crude, margins of Indian oil companies to
Updated : 6 months ago IST
The margins of India's oil marketing companies (OMCs) are unlikely to come under significant pressure despite the United States imposing sanctions on two of Russia's largest crude oil producers, Rosneft and Lukoil, according to a report by Fitch Ratings.
Read More
Commercial LPG cylinder prices hiked by Rs 15.50, no change in domestic ra
Updated : 7 months, 3 weeks ago IST
Oil marketing companies have revised the prices of commercial LPG cylinders with effect from Wednesday October 1st.
Read More
LPG losses of oil companies narrows 35% QoQ in Q1FY26: Report
Updated : 8 months, 4 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.
Read More
Hardeep Singh Puri hails Centre's Rs 30000 crore compensation to oil compa
Updated : 9 months, 2 weeks 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
Read More
Cabinet approves Rs 30,000 crore as compensation to oil companies for LPG
Updated : 9 months, 2 weeks 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.
Read More
Commercial LPG cylinder price cut by Rs 33.50; new rates effective from Au
Updated : 9 months, 2 weeks 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.
Read More
Commercial 19-kg LPG cylinder price slashed by ₹58.50, no change in
Updated : 10 months, 3 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.
Read More
Any escalation in Middle-East crisis or sharp rise in crude prices will im
Updated : 11 months, 1 week 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.
Read More
Commercial LPG cylinder price cut by Rs 24; new rates effective from June
Updated : 11 months, 3 weeks ago IST
The retail price of a 19 kg commercial LPG cylinder in the national capital will now be Rs 1,723.50.
Read More
Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 1 year 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.
Read More
Oil companies' losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in
Updated : 1 year, 1 month 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.
Read More