OMCs face near-term pressure

"In the near term, OMCs will remain under pressure mainly due to (1) the absence of budget support for LPG...

Cabinet raises price for molasses-made ethanol for for 2024-25

The government has approved the revision of ethanol procurement price for Public Sector Oil Marketing Companies...

Agrochemical, PSU banks, OMCs, to show strong profit growth

The Nifty 50 companies, excluding financial, telecom, cement, and commodity sectors, are expected to show subdued...

Oil Marketing Companies increase dealer margins

In a significant decision coinciding with the festival of Dhanteras, the Oil Marketing Companies (OMCs) on Tuesday...

OMCs’ operating profit to drop by 30% in FY25: Crisil

Oil marketing companies (OMCs) will see operating profit drop to USD 12-14 per barrel in fiscal 2025 from USD 20 per...

IOC withdraws proposed Rs 22,000 cr rights issue

The decision was made during the company's Board meeting held on Monday, September 30th, following the government's...

Oil cos making profit of Rs 15/lt on Petrol, Rs 12/lt on Diesel

With crude prices going down, oil marketing companies (OMCs) are making huge profits by selling petrol and diesel.

India to boost crude oil refining capacity by 35-40 MT by Fiscal

India's oil marketing companies (OMCs) are expected to increase the country's crude oil refining capacity by 35-40...

MoPNG announces fiber-based LPG cylinders

As of July 1, there are 32.68 crore active domestic LPG consumers being served by public sector Oil Marketing...

TruAlt Bioenergy Secures Major Order Worth Over Rs 390 Crore

Bangalore (Karnataka) [India], July 16: TruAlt Bioenergy, one of India's largest biofuel and bioenergy companies has...

OMCs' FY24 combined profit rose over 25-times year-on-year

According to the Ministry of Petroleum and Natural Gas, the combined profit of OMCs for FY 2023-24 stood at Rs...

Prices of commercial LPG cylinders slashed by Rs 19

Bringing a measure of respite to the people, especially the middle and lower-income sections, amid the polling...