Page 14 - Oil Marketing Companies

Fuel retail: Job half done

Transparent pricing regime should be the next step

Ethanol blending: UP govt distilleries to supply 53 million litres to OMCs

State-controlled cooperative federation to invest Rs 160 crore on ethanol roadmap

IHB to raise Rs 6,700 crore to complete Kandla-Gorakhpur LPG pipeline

The project, being executed at a capital cost of Rs 10,000 crore, will be funded with Rs 6,730 crore of debt and Rs 3,360 crore of equity

Saudi drone strikes: Oil price surges, but govt plays down supply concerns

No supply disruption, says Pradhan; OMCs see margin impact if situation persists

OMCs bounce back to sweet spot as crude oil prices slip, GRMs improve

Declining crude oil prices, improving GRMs, and firm marketing margins make them attractive after sharp correction

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

Air India owes Rs 5,000 crore in dues, didn't pay for 2 years: Oil firms

National carrier cancels one flight, reduces load on seven others after OMCs pare supplies at six airports

Fuel supply to Air India stopped at six airports due to non-payment

The airports where the fuel supply was stopped by the state-owned OMCs at around 4 pm are Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Mohali

Used cooking oil may fuel cars as OMCs look to procure biodiesel

Several food chains - including McDonald's, KFC, Burger King, and Haldiram - have started supplying to bio fuel firms

Govt plan of opening over 78,000 petrol pumps is uneconomical, says Crisil

In November last year, PSU oil marketing companies advertised to open 78,493 more petrol pumps in the country. This on top of 64,624 fuel retail outlets currently operating in the country

Tax dept, OMCs locked in dispute over excise duty, oil firms served notice

The matter will be taken up by the concerned adjudicating authority, according to officials in the know

Rising under-recoveries to hit OMC profit even as crude prices rise: Report

In fiscal 2019, profitability of OMCs was hit as their average gross refining margin (GRM) declined by a third to $5.3 per barrel from $7.9 in fiscal 2017-18

State-owned oil companies move poll panel to allot 31,800 new fuel outlets

Ahead of announcement of poll schedule on March 11, the companies had already initiated the process by issuing LoIs to successful bidders for 2,579 locations on February 21

Oil PSUs retune brands to millennial mode, step up digital media presence

IOC, HPCL, BPCL engage with causes and products that appeal to the young environmentally aware consumer

Easier ECB rules: OMCs look to raise $1.4 billion in first tranche

On October 3, the RBI allowed the OMCs to raise dollars directly from overseas markets without a need for hedging

OMCs recover after two-day sell-off; HPCL jumps 6%, IOCL, Gail gain 4% each

MK Surana, chairman and MD of HPCL, said there is no permanent shift in the government policy and the current move is only a short-term intervention to cool off consumer prices.

Fuel price cut: Combined market capitalisation of OMCs sees 10% wipeout

Sharp impact likely on their earnings, with duty cut absorption to hit marketing margin

OMCs, aviation stks drop as crude rises; IndiGo, Jet Airways hit 52-wk lows

Shares of Hindustan Petroleum (HPCL) was trading two and a half per cent lower at Rs 242 while those of Indian Oil was down 1 per cent at Rs 153.5.

OMCs, fuel dealers battle it out over sharing of personal data of staff

Consortium of Indian Petroleum Dealers (CIPD) said the oil companies have threatened to choke supply, if they are not ready to provide sensitive data of their employees

As India's power supply improves, OMCs see drop in telcos' diesel demand

Sharing of tower infrastructure by telecom service providers has further led to a reduction in the fuel required to operate mobile towers