Search For "omc"
Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 10 months 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.
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Oil companies' losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in
Updated : 11 months, 1 week 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.
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"LPG price increase will enable oil companies to offset their under-recove
Updated : 11 months, 1 week ago IST
In a post on X, Hardeep Puri said, "We have been providing affordable LPG cylinders to our customers before, and we will continue to do so. The international benchmark for LPG, Saudi CP, saw a 63 per cent price increase (from $385/MT in July 2023 to $629/MT in February 2025), while during
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Government taking steps to strengthen strategic petroleum reserves: MoS Su
Updated : 11 months, 4 weeks ago IST
Government and OMCs evaluate, from time to time, the possibility of augmentation of storage capacities based on technical and commercial feasibility
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OMCs face near-term pressure amid absence of budgetary support for under-r
Updated : 1 year, 1 month 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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Cabinet raises price of molasses-made ethanol for current season
Updated : 1 year, 1 month 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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Omnicom Expands Further in India by Opening Its Fourth State-of-the-Art Ce
Updated : 1 year, 1 month ago IST
New Delhi [India], January 27: Omnicom (NYSE: OMC) today announced it has expanded its Global Solutions Centers of Excellence with the opening of a campus in Hyderabad. This follows Omnicom opening campuses in Bengaluru, Chennai and Gurugram in April 2024. The continued investment in India u
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Agrochemical, PSU banks, OMCs, consumer durable, and retail to show strong
Updated : 1 year, 2 months ago IST
The Nifty 50 companies, excluding financial, telecom, cement, and commodity sectors, are expected to show subdued growth in their financial performance for the third quarter of FY25, according to a report by Antique Stock.
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Shree Interior Wudtech - Revolutionizing Modular Furniture for Homes and O
Updated : 1 year, 2 months ago IST
Navi Mumbai (Maharashtra) [India], December 25:Shree Interior Wudtech, led by the visionary founder and owner Sandeep Vishwakarma, has become a leading name in the modular furniture industry in India. With a strong presence in Mumbai, Pune, and Uttar Pradesh, the company is renowned for its
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Chubu Electric Japan Expands Investment in OMC Power to Boost Energy trans
Updated : 1 year, 4 months ago IST
Gurgaon (Haryana) [India], November 14: Chubu Electric Japan, a global leader in electrical engineering solutions, announced an increased investment in OMC Power, one of the foremost innovators in distributed renewable energy solutions. This investment underscores Chubu's commitment to advan
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Oil Marketing Companies increase dealer margins, introduce freight rationa
Updated : 1 year, 4 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, 4 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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