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News
Oil Marketing Companies
Oil Marketing Companies News
Oil Marketing Companies
27 Oct 2024
OMCs' Operating Profit To Drop By 30% In FY25 Amid Diesel Spread Softening
The report notes that stable retail fuel prices amid volatile oil prices will help support overall returns for the industry.
Fuel Prices
24 Oct 2024
Unchanged Retail Fuel Prices Amid Oil Volatility To Support Returns For Indust
OMCs are projected to see operating profit drop to $12-14 per barrel in fiscal 2025 from $20 per barrel last fiscal.
petrol price
12 Oct 2022
Petrol-Diesel Price today, October 12: Check today's petrol & diesel rate
Petrol- Diesel prices vary because of regional taxes. Petrol- Diesel price updates every morning at 6 AM. The flip-flop trend in the price of crude oil.
petrol price
04 Oct 2022
Petrol-Diesel Price today, October 4, 2022: Check today's petrol & diesel rate
Oil Marketing Companies(OMCs) like Indian Oil, Bharat Petroleum, and Hindustan Petroleum update petrol and diesel price in different cities every morning based on foreign exchange rates and international benchmark prices. However, the price of petrol and diesel has remained unchanged for a long time.
petrol price
01 Oct 2022
Petrol-Diesel Price today, October 1, 2022: Check today's petrol & diesel rate
The downward trend in the price of crude oil continues. Petrol- Diesel price updates every morning at 6 AM. Petrol- Diesel prices vary because of regional taxes.
petrol price
29 Sep 2022
Check today's, Sptember 29, 2022, petrol- diesel price in your city
The downward trend in the price of crude oil continues. Petrol- Diesel price updates every morning at 6 AM. Prices of petrol-diesel vary from state to state because of regional taxes.
petrol price
28 Sep 2022
Check today's, Sptember 28, 2022, petrol- diesel price in your city
The downward trend in the price of crude oil continues. Brent crude's rate is 84.06 dollars per barrel on Monday. Petrol- Diesel price updates every morning at 6 AM.
petrol price
08 Aug 2022
Check today's petrol and diesel rates in your city
No changes in prices of petrol and diesel. Excise duty on fuel was cut on May 21, 2022. OMCs revise fuel prices daily in line with international crude prices.
ethanol
04 Sep 2019
Government approves price revision for procurement of ethanol from December
The price of ethanol from C heavy molasses route be increased from Rs 43.46 per litre to Rs 43.75 per litre.
Oil Marketing Companies
04 Feb 2019
Government releases 6.23 crore LPG connections under PMUY
Pradhan Mantri Ujjwala Yojana (PMUY) was launched by the government May 2016.
Air India
08 Oct 2018
Oil marketing companies suspend supply of ATF to Air India: Sources
It is learnt that supply of ATF has been suspended for Air India's domestic flights.
OMC forex borrowings
04 Oct 2018
FinMin allows OMCs to borrow $10 billion with 5 yrs maturity in phased manner
OMCs will not be required to hedge their exposure.
Petrol price hike
17 May 2018
Petrol, diesel prices may be hiked by Rs 4 per litre
The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.
petrol price
12 Apr 2018
Oil companies say no directive from govt to defer price hike
This time around Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have reportedly been asked to absorb up to Re 1 a litre hike.
petrol price
11 Apr 2018
Government asks OMCs to absorb fuel price hike; shares slump: Report
Government has reportedly asked the OMCs to absorb Re 1 per litre price hike of petrol and diesel.
LPG price hike
28 Dec 2017
Govt takes back LPG price hike order after 'contrary' signal
The quantum of hike was doubled through an order dated May 30, 2017.
Hindustan Petroleum
18 Dec 2017
HPCL asks Airtel to transfer LPG subsidies to bank accounts
The move comes after LPG subsidies of millions of customers have been credited to the Airtel Payments Bank accounts without their permission.
Petrol pump dealers strike
11 Oct 2017
Petrol pump dealers withdraw all-India strike call
Petrol pump dealers on Wednesday called off their proposed strike on October 13, according to industry body United Petroleum Front (UPF).
Oil Marketing Companies
09 Sep 2017
OMCs to install new device to check refill of fuel/gas:Ram Vilas Paswan
The deadline for installation of new security devices will be decided next week.
Oil Marketing Companies
01 Aug 2017
Be ready to pay more for petrol, diesel
As the oil marketing companies have come up with a decision to hike the dealer commisison they shell out to fuel pump owners, customers must get ready to pay more for petrol and diesel.
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