Search For "oil marketing companies"
Oil marketing companies reduce prices of commercial LPG cylinders by Rs 41
Updated : 1 year, 1 month ago IST
Oil marketing companies have announced a reduction in the prices of 19 kg commercial LPG gas cylinders by Rs 41, effective from Tuesday.
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OMCs face near-term pressure amid absence of budgetary support for under-r
Updated : 1 year, 3 months ago IST
"In the near term, OMCs will remain under pressure mainly due to (1) the absence of budget support for LPG under-recovery; (2) weak Singapore Benchmark GRM at USD 2.4/bbl Q4TD vs. spot of USD 9.6/bbl; and (3) integrated margins on auto fuel at Rs8/lt vs. long term avg. of Rs11.5/lt." says th
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Commercial LPG cylinders price reduced by Rs 7 on Saturday
Updated : 1 year, 3 months ago IST
Oil marketing companies have reduced the prices of commercial LPG gas cylinders on Saturday.
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Lower Brent prices to support margins for Indian fuel refiners: Fitch
Updated : 1 year, 3 months ago IST
Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
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Nitin Gadkari to discuss with oil companies to make ethanol rates reasonab
Updated : 1 year, 3 months 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, 3 months 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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Commercial LPG cylinder prices hiked by Rs 16.5, domestic remained unchang
Updated : 1 year, 5 months ago IST
Oil marketing companies have raised the prices of commercial LPG gas cylinders with immediate effect.
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Commercial LPG cylinder prices hiked by Rs 62, domestic rates unchanged
Updated : 1 year, 6 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, 6 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, 6 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, 7 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, 7 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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