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Oil companies pause after hiking petrol, diesel prices for 21 days straight
On June 27, price of petrol was increased by Rs 0.25 per litre while that of diesel by Rs 0.21 per litre. Rates differ from state to state, depending on value-added tax (VAT)
IOC, BPCL restart project-work after relaxation of Covid-19 lockdown norms
IOC said it has resumed work on 64 select projects with a combined allocation of about Rs 21,375 crore
Silver lining for OMCs: Low crude oil prices signal structural gains
HPCL may benefit more from improvement in marketing margins
Gross refining margins for state-run oil firms tumble in September quarter
Analysts said there had been a slowdown in refining demand in certain global markets, and India's diesel demand was slowing down
OMCs in a sweet spot with declining crude prices, better refining margins
Firm marketing margins add to their fortunes, making them attractive post a sharp 30% correction from early-June highs
State-run oil firms to deliver petrol at doorstep, expand diesel service
The companies plan to have at least 500 doorstep fuel delivery vehicles by the end of this financial year (FY20)
OMCs may find it difficult to pass on price hike in upcoming quarter
In the next quarter, the country will also start gearing up for various Assembly elections could put the government as well as the OMCs under pressure
