Search For "oil marketing companies"
Oil marketing companies' FY24 combined profit rose over 25 times YoY
Updated : 2 years ago IST
According to the Ministry of Petroleum and Natural Gas, the combined profit of OMCs for FY 2023-24 stood at Rs 86,000 crore, over 25 times higher than the extraordinarily difficult previous fiscal year.
Read More
India slashes windfall tax on petroleum crude
Updated : 2 years ago IST
The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum has been slashed from Rs 9,600 per tonne to Rs 8,400 per tonne.
Read More
In respite for people amid LS polls, prices of commercial LPG cylinders sl
Updated : 2 years ago IST
Bringing a measure of respite to the people, especially the middle and lower-income sections, amid the polling for the 18th Lok Sabha, oil marketing companies have slashed the prices of commercial LPG gas cylinders by Rs 19 per unit with immediate effect.
Read More
Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders
Updated : 2 years, 1 month ago IST
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free trade LPG) cylinders.
Read More
PSU oil companies announce Rs 6.87/litre incentive for ethanol production
Updated : 2 years, 4 months ago IST
Oil marketing companies in the public sector have announced an incentive of Rs 6.87 per litre for the production of ethanol from C-heavy molasses
Read More
Oil marketing companies raise prices of commercial LPG gas cylinders
Updated : 2 years, 6 months ago IST
Effective from November 1, the retail price of the 19 Kg commercial LPG gas cylinder in Delhi will see a hike of Rs 101, bringing the new rate to Rs 1833 per cylinder, according to official sources.
Read More
Commercial LPG prices hiked by Rs 209
Updated : 2 years, 7 months ago IST
In a major setback to LPG consumers, Public sector Oil Marketing Companies (OMCs) have hiked the price of 19 KG commercial LPG gas cylinders by Rs 209, according to the sources.
Read More
Pakistan government fears oil crisis as depots run dry
Updated : 2 years, 8 months ago IST
The Pakistan government fears an oil crisis as retail outlets of some oil marketing companies (OMCs) were reportedly found dry at a few locations in the country, The Express Tribune newspaper reported.
Read More
After domestic LPG price reduction, commercial LPG prices cut by Rs 158
Updated : 2 years, 8 months ago IST
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have made price revisions for commercial LPG and slashed the price of 19 KG commercial LPG gas cylinders by Rs 158.
Read More
E20 fuel currently sold at over 1,900 pumps: Govt in Rajya Sabha
Updated : 2 years, 9 months ago IST
Public sector oil marketing companies (OMCs) started selling E20 petrol in February 2023 and it is currently being sold at more than 1,900 retail outlets across the country, Union Minister of State for Petroleum and Natural Gas, Rameswar Teli, in a written reply in the Rajya Sabha on Monday.
Read More
Commercial LPG gas cylinder price hiked by Rs 7
Updated : 2 years, 10 months ago IST
Public sector Oil Marketing Companies(OMCs) have increased the prices of commercial LPG gas cylinders by Rs 7 a cylinder. After the increase, the retail sales price of a 19kg commercial LPG cylinder in Delhi has increased from Rs 1,773 to Rs 1,780. However, there is no change made in the pri
Read More
India's 2023-24 fuel demand to grow by mid-single-digit: Fitch
Updated : 2 years, 10 months ago IST
Fitch Ratings expects India's petroleum product demand in during 2023-24 to grow by a mid-single-digit percentage after a 10 per cent rise the past year.
Read More