Page 5 - Oil Marketing Companies

Commercial LPG cylinder price cut by Rs 100, domestic stays same

A 19 kg LPG cylinder will cost Rs 1,680 in Delhi, Rs 1640.50 in Mumbai, and Rs 1,805.50 in Kolkata

Operating profits of OMCs may reach Rs 1 trillion in FY24: CRISIL

Profits may rebound by 3-times from FY23's Rs. 33,000 crore as softer crude improves credit metrics

OMC profits could reach Rs 1 trillion this financial year: CRISIL Ratings

This would be a significant rebound compared to the Rs 60,000 crore recorded between financial years 2017 and 2022 and the previous financial year low of Rs 33,000 crore

OMCs increase price of commercial LPG gas cylinders by Rs 7 to Rs 1,780

After the increase, the retail sales price of a 19kg commercial LPG cylinder in Delhi has increased from Rs 1,773 to Rs 1,780. However, there is no change made in the prices of domestic LPG cylinders

Commercial LPG cylinder prices hiked by Rs 7, check new prices here

The price of a commercial 19 kg LPG cylinder hiked by Rs 7. The revised prices are 1780 in Delhi, Rs 1902 in Kolkata, Rs 1740 in Mumbai, Rs 1952 in Chennai

Top headlines: HDFC-HDFC Bank merger, OMCs and discounts on Russian crude

Business Standard brings you the top headlines at this hour

Reasonably priced OMC stocks to gain as marketing margins may revive

Benign crude oil prices to improve margins; political considerations in the backdrop of forthcoming state and general elections are downside risks

Analysts cautious on OMCs; fuel price cut, uneven oil demand key overhangs

According to ICICI Securities, OMCs will have to adjust retail prices by Rs 0.53/litre to maintain margins at current levels, if international prices change by $1/barrel

Govt wants petrol & diesel prices slashed; OMCs cite Covid losses

Executives of state-owned firms disagree with view, say they are yet to make up for losses

Oil marketing companies likely to cut petrol-diesel prices: Report

According to the report, an oil production cut by one of the members of the OPEC will not impact the market due to emerging alternative markets

OMCs extend gains on improved operational performance; IOC hits 52-wk high

In the past six months, IOCL (up 28%), HPCL (up 22%) and BPCL (up 19%) have outperformed the benchmark S&P BSE Sensex index

Refinery rejig: Why is India steadily raising petrochemicals capacity

Estimates for the sector are bullish for a decade but it is not an easy business to run, say experts

Half a dozen stalled refinery expansion plans come under PMO radar

With national fuel demand rising quickly, core team of officials to look into issues holding up planned refinery projects

Centre to infuse equity in 3 OMCs after they announce capex plans: Report

OMCs, however, are concerned that equity infusion might impact their share price, market valuation and market perception

Top headlines: Commercial LPG cylinder price cut, WEF on India's job market

Business Standard brings you top news at this hour

Commercial LPG cylinder prices slashed by Rs 171.50; to cost Rs 1856.50

From today a 19kg commercial LPG cylinder will be priced at Rs 1856.50 from today

OMC marketing earnings expected to rise in fourth quarter, say analysts

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

OMCs get Rs 800 crore to set up over 7,000 fast-charging stations

The installation is expected to be completed by March 2024

OMCs in focus as crude oil hits 1-year low; BPCL, HPCL surge up to 5%

With this decline in crude prices analysts expect marketing margins of HPCL, BPCL and IOCL to improve further.

Budget: Energy transition gets fund boost, green growth key economic driver

The Centre has entrusted the oil ministry, which naturally has the highest fossil-fuel footprint, to steer the energy transition of the country