Search For "oil marketing"
Oil marketing companies reduce prices of LPG commercial cylinders by Rs 30
Updated : 1 year, 11 months ago IST
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.
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India's downstream oil and gas profits to fall; upstream to remain strong:
Updated : 1 year, 11 months ago IST
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.
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Oil marketing companies reduce prices of commercial LPG cylinders by Rs 69
Updated : 2 years ago IST
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.
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Profit of oil companies will decrease in FY25 as refining margin drops
Updated : 2 years ago IST
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
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India again slashes windfall tax on petroleum crude
Updated : 2 years ago IST
India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to regulate private refiners who wanted to sell fuel overseas instead of locally, to gain from firm refining margins.
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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.
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India slashes windfall tax on petroleum crude
Updated : 2 years, 1 month 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.
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In respite for people amid LS polls, prices of commercial LPG cylinders sl
Updated : 2 years, 1 month 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.
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Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders
Updated : 2 years, 2 months ago IST
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free trade LPG) cylinders.
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PSU oil companies announce Rs 6.87/litre incentive for ethanol production
Updated : 2 years, 5 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
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India's economic growth sparks optimism as corporates anticipate profit su
Updated : 2 years, 5 months ago IST
Despite challenges stemming from sluggish overseas markets, India's resilient GDP growth, projected at 6.5 per cent in the financial year ending March 2025 (FY25), positions the nation among the world's fastest-growing sovereigns.
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Oil marketing companies raise prices of commercial LPG gas cylinders
Updated : 2 years, 7 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.
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