Page 2 - Omcs

Why have HPCL, BPCL, IOC dipped despite fuel price hike? Analysts explain

Public sector OMCs, including Indian Oil, BPCL, and HPCL, have been incurring losses of about ₹20 per litre on petrol and nearly ₹100 per litre on diesel due to elevated global crude prices

Hindustan Petroleum falls 4% on Q4 results; brokerages see up to 74% upside

Hindustan Petroleum reported a consolidated net profit of ₹6,065.26 crore, up 77 per cent from ₹3,415 crore in the year-ago period

OMCs bleed ₹30,000 crore a month: How long can India hold down fuel prices?

India is shielding consumers from rising global oil prices, but OMC losses are surging. How long can fuel prices stay frozen before fiscal pressure forces tough decisions?

Oil & Gas stocks tumble as crude regains $105; MGL, IGL, BPCL drop up to 4%

Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each

OMCs may face LPG under-recovery of around ₹80,000 crore in FY27: Icra

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

Centre proposes E100 testing framework to accelerate flex fuel vehicles

The Centre has proposed draft norms to include E100 in emission testing, aiming to accelerate flex fuel vehicle adoption and boost ethanol demand amid energy supply concerns

Odisha unveils India's first platinum group metals extraction plant

Trial run of PGM facility in Bhubaneswar marks key step towards domestic extraction of critical minerals, reducing import dependence and boosting strategic capabilities

Panic booking of LPG cylinders recedes as deliveries exceed bookings

LPG bookings have declined sharply from peak levels as state-run OMCs ramp up deliveries, supported by higher production and measures to manage supply disruptions

Oil below $100/barrel: OMCs rise up to 6%; upstream oil stocks fall 3%

Crude oil prices fell for a second day ‌on Wednesday on expectations that peace talks between the US and Iran may resume

Oil PSUs ramped up Russian oil purchases 148% in March amid supply shock

India's state-run refiners sharply increased Russian crude purchases in March amid supply disruptions, aided by a US waiver, even as overall crude imports declined

Higher under-recoveries keep Street cautious on OMCs amid crude surge

Rising crude prices and higher under-recoveries are weighing on OMCs, with revised windfall taxes offering limited relief as retail price hikes appear increasingly likely

ATF, LPG price hikes to pressure OMC margins; IOCL, BPCL hit: Nomura

Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)

ATF, commercial LPG and premium fuel prices soar amid oil squeeze

Jet fuel prices were partially raised to cushion domestic travellers despite global surge, while commercial LPG prices were hiked and domestic rates kept unchanged

₹1.5 trn hit to exchequer as govt cuts petrol, diesel excise: Deven Choksey

Deven Choksey believes the excise cut may bring some respite to OMCs amid high energy prices, while create a ₹1.5 trillion dent to the exchequer per year.

IOC, BPCL, HPCL shares react as govt trims excise duty on petrol, diesel

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

Crude falls below $100/bbl; OMCs rise up to 3%, upstream stocks mixed

Brent crude oil prices cooled off on reports that the US is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion

Oil turmoil: OMCs raise industrial diesel rate; ATF hike likely from April

According to a Nomura note dated March 22, industrial diesel prices were increased to ₹109.59 per litre from ₹87.57 per litre on March 20, marking a jump of about 25 per cent

BPCL, HPCL, IOC: OMC shares tank up to 6% after crude oil rises over 3%

Oil prices rose after Iran attacked several energy facilities across West Asia following a strike on ​its South Pars gas field, a major escalation in Tehran's war with the US and Israel

Petrol dealers may face cash crunch as OMCs seek advance payments

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged

How to trade RIL, ONGC, OMCs stocks as crude oil prices soar 78% in 9 days?

Kunal Kamble, technical analyst at Bonanza helps decode a trading strategy in oil & gas related stocks as Crude Oil prices surge to a multi-year high around $119 per barrel on Monday.