Search For "omcs"
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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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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Agrochemical, PSU banks, OMCs, consumer durable, and retail to show strong
Updated : 1 year, 4 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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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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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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Oil marketing companies making profit of Rs 15/lt on Petrol, Rs 12/lt on D
Updated : 1 year, 7 months ago IST
With crude prices going down, oil marketing companies (OMCs) are making huge profits by selling petrol and diesel.
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India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Cri
Updated : 1 year, 7 months ago IST
India's oil marketing companies (OMCs) are expected to increase the country's crude oil refining capacity by 35-40 million tonnes (MT) by the end of fiscal 2030, the Crisil Ratings said.
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MoPNG initiates transition from steel to new age fiber-based LPG cylinders
Updated : 1 year, 9 months ago IST
As of July 1, there are 32.68 crore active domestic LPG consumers being served by public sector Oil Marketing Companies (OMCs). To ensure a steady supply of refills and to accommodate new LPG connections, OMCs have over 50 crore cylinders in circulation, most of which are steel cylinders.
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TruAlt Bioenergy Secures Major Order Worth Over Rs 390 Crore for 1G Bioeth
Updated : 1 year, 10 months ago IST
Bangalore (Karnataka) [India], July 16: TruAlt Bioenergy, one of India's largest biofuel and bioenergy companies has secured a significant order worth over Rs 390 crore from leading Oil Marketing Companies (OMCs) including Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation
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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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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.
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