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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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