Despite no Budget FY26 provisions, OMCs may be partially compensated for LPG under-recovery
Panel to submit report on taking blending beyond 20%
A sharp rise in LNG prices threatens to unravel India's projected 12% growth in demand for the fuel this financial year
The FY26 budget has allocated Rs 12,100 crore for LPG subsidiary, far lower than the anticipated value
The Nifty 50 index is down about 10 per cent from its September 2024 highs of 26,277. The last four months have seen month-on-month losses largely due to sustained selling by the FPIs
Despite legal setbacks, the Amit Shah-led ministry has moved rapidly forward and is expected to soon unveil a new set of regulations to further grow the cooperative sector
A fall in oil prices is beneficial to OMCs as their costs for acquiring crude oil for refining drop
Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies
Oil-marketing companies may expand from 200 locations to source used cooking oil
Analysts expect OMCs to trade lower in the near-term given the retail price cut and elevated brent crude prices of $85/bbl
The S&P BSE Oil & Gas index has been an outperformer, surging nearly 20 per cent in CY24 as compared to the S&P BSE Sensex that has lost around 1 per cent during this period, shows data
In sugarcane it is either through sugarcane juice or syrup, then B-heavy molasses and C-heavy molasses, while in grains it is mostly damaged foodgrains or maize
After the hike, the procurement price of ethanol produced from C-heavy molasses would be Rs 56.28 per litre as against Rs 49.41 per litre in 2022-23 procurement season
Most commodity traders are betting energy prices will remain high
Petrol prices unchanged for record 18 months now, OMCs continuing facing under recoveries
Move to better map and service demand for green hydrogen beyond captive use for oil refineries
Analysts say the already weakening marketing margins will be a concern ahead as the fate of OMCs remains tied to uncertain crude prices and the inability to raise prices amid the coming elections
Starting 30 August, domestic LPG in India is selling Rs 200 cheaper per cylinder (14.2 kg), announced as a festive season gift from the government on Tuesday
Macro conditions could improve and valuations are already low
New price applicable for the remaining 3 months of 2022-23 supply year