Page 9 - Oil Marketing Companies

No immediate consumer relief expected in petrol, diesel prices

Oil companies cautious over crude oil price fluctuations

Indian Oil reports Rs 6,235 crore consolidated net profit in June quarter

Earnings from petroleum products lower than same months of last year

Indian Oil reports second quarter net profit at Rs 6,360 crore

Sequentially, net profit was higher than Rs 5,941.37 crore earned in the April-June quarter

IOC commences doorstep diesel delivery in small quantities

The company said that the service is meant for customers seeking diesel in quantities as low as 20 litres

Fuel rates hiked for 4th consecutive day; petrol crosses Rs 113 in Mumbai

In Mumbai, petrol and diesel prices per litre stand at Rs 113.12 and Rs 104.00 respectively

BPCL privatisation likely to face a bump on rising fuel prices in India

A major chunk of the auto fuel price in the country consists of state and central taxes

Petroleum firms hike price of domestic LPG cylinders by Rs 15

Now, the price of a non-subsidized 14.2 kg domestic cylinder in Delhi will be Rs 899.50, while the new rate of 5kg domestic cylinder stands at Rs 502

Major OMCs step off LPG price-hike pedal; absorb Rs 100 per cylinder

"At present prices, OMCs are absorbing Rs 100 per domestic cylinder," said an executive

Petrol, diesel prices rise to new record highs as rates hiked again

Petrol and diesel prices soared to new record highs across the country on Saturday after rates were hiked again by 25 paise and 30 paise a litre, respectively. The price of petrol in Delhi rose to its highest ever level of Rs 102.14 a litre and to Rs 108.19 in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates too touched a record high of Rs 90.47 in Delhi and Rs 98.16 a litre in Mumbai. Prices differ from state to state depending on the incidence of local taxes. The price hike follows international oil prices soaring to near three-year high as global output disruptions forced energy companies to draw more crude oil out of their stockpiles. The basket of crude oil India imports has averaged USD 78 per barrel in last few days. The fourth increase in its rates this week has sent petrol prices above Rs 100 in most major cities of the country. Similarly, the seventh increase in prices in nine days has shot up diesel rates above Rs 100 mark in sever

Diesel at record high, petrol nears all-time high as rates hiked again

Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively

Sharp rise in natural gas prices, power outages worsen inflation worries

Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday

Diesel price increased marginally, petrol rate remains steady

Auto fuel prices in the country have maintained stability amid volatility in global oil prices

No room to cut excise duty on petrol and diesel, says FM Sitharaman

On inflation, FM said she expected the retail price inflation rate to remain in the range mandated by the Monetary Policy Committee

OMCs continue to hold petrol, diesel prices as global crude rates ease

Oil marketing companies continued to keep the petrol and diesel prices unchanged for nearly a month now on the backdrop of easing crude oil prices.

Petrol, diesel prices unchanged for three weeks: Check details here

Despite the price of crude oil tempering, petrol and diesel are sold at record high levels across the country

BPCL, HPCL: Is it time to look at OMC stocks amid crude oil drop?

A breakout above Rs 2,160 may result in a sharp upside towards Rs 2,250 and Rs 2300 levels in Reliance Industries' stock

New fuel retail outlets may rely on public sector OMCs to build networks

These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility

Consumers may get respite from frequent fuel price hike this month

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday

Petrol, diesel prices remain unchanged on Monday across metros

Fuel retailers spared consumers of further increase in prices by keeping retail rates of petrol and diesel unchanged on Monday

Oil marketing companies again resort to alternate day fuel price revision

On Thursday, OMCs kept retail price of petrol and diesel unchanged.