Page 2 - Omc

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

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

Waive late submission fee of nearly Rs 225 crore: Oil companies to RBI

OilMin writes to Department of Financial Services to end impasse

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

Telangana HC quashes Obulapuram mining Co. case against IAS officer

In a major relief to senior IAS officer of the Andhra Pradesh cadre, Y. Srilakshmi, the Telangana High Court on Tuesday quashed charges against her in the Obulapuram mining case filed by the CBI

Govt's ethanol blending programme faces supply and pricing problem

The government's ambitious aim to double the blending target could face challenges from two of the three sources: Grain-based and biomass-based

Analysts expect fuel prices to go up if global prices rise further

Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday

New pricing model aiming to prune jet fuel cost by 15% likely in two months

OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines

Japan's Chubu Electric to buy 20% stake in India's OMC Power for $39 mn

Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Will petrol, diesel price hike set OMC stocks on fire? What charts suggest

Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate

India on course to blend minimum 10% ethanol in 2021-22: Trade sources

Blending crossed 8.93% on Feb 16; trade sources say to achieve the 10% mark, 4.37 bn litres of ethanol are required of which 4.20 bn litres have already been offered via tenders and finalised by OMC

Oil marketing companies favouring grain-based ethanol: Sugar mills

Move to curb ethanol's over-dependence on sugarcane, say OMCs

Fuel price relief continues as OMCs keep rates unchanged on Tuesday

Prices also remained static on Monday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre in the first week of November.

Rising crude prices could put OMC margins under pressure, hurt stock rally

While analysts expect excise duty cuts or price hikes to offset pressure on marketing margins, there is some uncertainty currently; Oil producers seen gaining

OMCs pause petrol, diesel price hike after a consistent rise in past week

Oil marketing companies held back the increase in the prices of petrol and diesel, much to the relief of consumers who have faced consistent increase in auto fuel prices in the past week

Despite profitability overhang, OMC stocks remain attractive bets

Analysts expect marketing margin concerns, most of which are already priced in, to recede after elections, and say valuations are now attractive

OMCs unlikely to be impacted by US withdrawal of sanction waiver

Analysts say firms can source oil from other countries, but investors need to be conscious about rising crude prices

Fuel price slide leads to confusion over margin maths of oil marketing cos

On Wednesday, prices of petrol touched a 15-month of Rs 68.65 a litre in Delhi, while diesel was seen at Rs 62.66 a litre

Ahead of Lok Sabha polls, govt allows OMCs to open over 55k new fuel pumps

For the first time, the OMCs have invited bids from private players online to ensure transparency and the bidding process would be conducted by an independent agency

OMC stocks unlikely to move into a long-term bull market

Share prices for the 3 PSU stocks plummeted through the April-October period. There is now a rebound. In the past 30 days, BPCL is up 18%, HPCL is up 15% and IOC is up 6.5%