Search For "refiners"
Duty reduction on crude edible oils beneficial for both refiners, consumer
Updated : 11 months ago IST
On May 30, 2025, the government announced a reduction in the Basic Customs Duty (BCD) on key imported crude edible oils -- Crude Palm Oil (CPO), Crude Soybean Oil, and Crude Sunflower Oil -- lowering it from 20 per cent to 10 per cent.
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Lower Brent prices to support margins for Indian fuel refiners: Fitch
Updated : 1 year, 3 months ago IST
Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
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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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For sunflower oil refiners, volume to dip by 8-10 pc but operating margin
Updated : 2 years ago IST
Indian refined sunflower oil volumes are projected to witness a decline of 8-10 per cent in FY25 amid decline in demand of sunflower oil.
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South Korea extends fuel tax cuts, refiners eye export markets amid domest
Updated : 2 years, 3 months ago IST
According to S&P Global Commodity Insights, however, industry insiders suggest that this move may not significantly stimulate domestic automotive fuel sales amid a subdued economic environment.
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South Korean refiners optimistic about refining margins, secure ample Saud
Updated : 2 years, 3 months ago IST
According to S&P Global Commodity Insights, despite Saudi Arabia's commitment to production cuts in the first quarter, feedstock managers ensured a steady flow of Saudi barrels, reflecting confidence in the market's resilience.
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Indian refiners prioritize petrochemicals expansion with focus on sustaina
Updated : 2 years, 3 months ago IST
According to S&P Global Commodity Insights (GCI), entities including BPCL, ONGC, HPCL, Reliance Industries, and Nayara Energy have committed substantial investments in petrochemical ventures, signaling a conscious effort to diversify their portfolios beyond traditional refining activitie
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Asian refiners craft contingency plans amid Red Sea crisis: S&P GCI
Updated : 2 years, 4 months ago IST
While immediate impacts on near-term oil supplies appear limited, the situation has refiners contemplating alternative routes to ensure uninterrupted feedstock supply, potentially leading to increased insurance costs and squeezed refining margins, according to S&P Global Commodity Insigh
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German rail strikes disrupt oil product supply; inventories cushion price
Updated : 2 years, 4 months ago IST
According to S&P Global Commodity Insights, the strikes have complicated the delivery of oil products, leading to deferred deliveries, weak demand, and logistical challenges for refiners.
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Malabar Gold & Diamonds Procures 100 per cent Traceable 'RandPure' Gol
Updated : 2 years, 5 months ago IST
Mumbai (Maharashtra) [India], December 19: Malabar Gold & Diamonds, a leading jewellery retailer, partners with Rand Refinery, one of the world's foremost gold and silver refiners, to source 100% traceable 'RandPure' gold. Malabar Gold & Diamonds, MD - International Operations, Shaml
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Digant Sharma, CMD of Francture Brands has done Sole-tie-up with renowned
Updated : 3 years, 3 months ago IST
New Delhi [India], February 20 (ANI/SRV): Francture Brands Pvt Ltd has recently done a sole tie-up for India together with its international business partners having more than 30 years of experience in oil trading. Francture Brands Pvt Ltd and its subsidiaries like Adaro Coal Energy Pvt Ltd
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