Search For "omcs"
Oil Marketing Companies to ration LPG supplies amid West Asia conflict; Do
Updated : 2 months, 1 week ago IST
Due to the current West Asia geopolitical situation and blockade on LPG imports, available supplies are being carefully rationed to ensure wider coverage, with domestic households being the top priority. The three major state-run oil marketing companies (OMCs) have initiated a judicial distr
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UBS flags margin risks for Indian OMCs as crude volatility intensifies ami
Updated : 2 months, 1 week ago IST
A research note from UBS has flagged rising risks for India's state-owned oil marketing companies as crude oil market volatility intensifies due to geopolitical tensions in West Asia.
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India's LPG prices still lower than neighbours despite price hike
Updated : 2 months, 1 week ago IST
Despite the Rs 60 increase in the Domestic 14.2 kg Liquefied Petroleum Gas (LPG) cylinder, LPG prices in India remain lower than in several neighbouring countries, people familiar with the matter told ANI. On Saturday, 14.2 kg cylinder prices were increased by Rs 60, costing about Rs 913 in
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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.
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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.
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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.
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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
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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.
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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.
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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.
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"LPG price increase will enable oil companies to offset their under-recove
Updated : 1 year, 1 month 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 : 1 year, 2 months 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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