Page 12 - Oil Marketing Companies
ATF price follows global trend; up 56.5% to Rs 33,575 for June first half
14.2-kg LPG cylinder costlier by Rs 11.5; while ATF prices are revised once in 15 days, LPG prices change on a monthly basis
 "ATF price follows global trend; up 56.5% to Rs 33,575 for June first half")
Opportunity in crisis: 5 sectors that may gain from coronavirus pandemic
As India moves to open up the country, investors look at sectors that have been resilient. Puneet Wadhwa charts sectors that are expected to do well in the next few months
 "Opportunity in crisis: 5 sectors that may gain from coronavirus pandemic")
OMCs tank as govt raises excise duty on petrol, diesel; HPCL, BPCL dip 10%
The price hike will be absorbed by oil marketing companies against the fall in crude prices.
 "OMCs tank as govt raises excise duty on petrol, diesel; HPCL, BPCL dip 10%")
Market Ahead, May 6: Top Factors That Could Guide Markets Today
Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers
 "Market Ahead, May 6: Top Factors That Could Guide Markets Today")
Soft crude oil prices to lower working capital requirement of OMCs
According to CARE Ratings, the impact of a fall in crude oil price owing to the coronavirus (Covid-19) pandemic on the domestic downstream sector would not be as severe as it is on the upstream sector
 "Soft crude oil prices to lower working capital requirement of OMCs")
Speed up delivery of free cylinders to PMUY beneficiaries: Pradhan
Under the Pradhan Mantri Garib Kalyan package, over 80 million PMUY beneficiaries are eligible to get three free cylinders over the next three months
 "Speed up delivery of free cylinders to PMUY beneficiaries: Pradhan")
Oil firms float finished fuel products on Arabian Sea as demand slumps
They're running out of storage space on land and their refineries are running only at 50% of capacity; US Oil futures touch an unprecedented negative pricing
 "Oil firms float finished fuel products on Arabian Sea as demand slumps")
OMCs on stronger wicket, oil producers stare at losses as crude plunges
Refiners like Reliance Industries may also see inventory losses adding pressure on already weak refining margins
 "OMCs on stronger wicket, oil producers stare at losses as crude plunges")
Bharat Petroleum divestment process begins amid coronavirus lockdown
Assam gives NOC for sale of 61.65% stake in Numaligarh Refinery, a BPCL subsidiary
 "Bharat Petroleum divestment process begins amid coronavirus lockdown")
Petrol, diesel demand slumps 66%; ATF down 90% as lockdown hurts business
The country's petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and ATF demand fell
 "Petrol, diesel demand slumps 66%; ATF down 90% as lockdown hurts business")
Covid-19 lockdown: Fuel demand likely to slip 40% in April, says report
India is the world's third-largest energy consumer but the Covid-19 lockdown has shut businesses, suspended flights, stopped trains and brought almost the entire vehicular movement to a halt
 "Covid-19 lockdown: Fuel demand likely to slip 40% in April, says report")
Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs
An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.
 "Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs")
Silver lining for OMCs: Low crude oil prices signal structural gains
HPCL may benefit more from improvement in marketing margins
 "Silver lining for OMCs: Low crude oil prices signal structural gains")
Using flexibility in fuel pricing
The government control on pricing continues via tax tweaks
Low petrol prices, phased rise in LPG rate to bring down subsidy
Analysts say the subsidy burden on both LPG and kerosene is likely to be around Rs 35,000 crore
 "Low petrol prices, phased rise in LPG rate to bring down subsidy")
End of exclusivity period will ensure fair play in gas pipeline business
The PNGRB is now taking careful steps to draft regulations on how to end the exclusivity and the subsequent issues of tariff and sharing of the existing infrastructure
 "End of exclusivity period will ensure fair play in gas pipeline business")
Oil firms float fresh tender to procure 2.53 billion litres of ethanol
The new tender was floated because the first one for procurement of 5.11 billion litres of ethanol, issued in August last year, was vastly under-bid
 "Oil firms float fresh tender to procure 2.53 billion litres of ethanol")
10-year bond yields at decade-plus low; rupee falls as oil prices crash
The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.
 "10-year bond yields at decade-plus low; rupee falls as oil prices crash")
Oil price crash: Domestic petrol, diesel prices may fall in the near future
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
 "Oil price crash: Domestic petrol, diesel prices may fall in the near future")
Oil price crash could help India's economy but will hurt country's OMCs
If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields
 "Oil price crash could help India's economy but will hurt country's OMCs")