Page 9 - Omcs

OMCs gear up to meet LPG bottling demand

The Pradhan Mantri Ujjwala Yojana (PMUJ) and its resultantsurge in demand for household liquefied petroleum gas (LPG) has forced oilmarketing companies (OMCs) to sweat its existing LPG infrastructure in the lastfiscal. New LPG related infrastructure additions are likely to happen in thecurrent and in the next financial year, until then OMCs depend on increasednumber of shifts and technology upgrades.For the financial year 2016-2017, packed domestic LPGconsumption rose 10% to 17.18 million tonnes from 18.87 million tonnes. In thesame period, OMC's bottling capacity increased 7% to 16.26 million tonnes from15.17 million tonnes per annum, leaving a gap between the consumption andcapacity available. In its bid to plug this gap, OMCs have been looking atshifts and technology upgrades, until new capacities are commissioned. "IOC has added a capacity of 570 thousand meteric tonne per annum( TMTPA) at 9 Bottling plantsin the last financial year by augmentation of the Bottling infrastructure ..

Daily fuel price revisions to boost OMCs' bottomlines: Report

This resulted in lower under-recoveries, which in turn led to OMCs' borrowing to fall steeply

Daily pricing to improve OMCs' marketing margins

The Street considers the daily pricing of diesel and petrol a positive step for oil-marketing companies (OMCs) because it can boost their marketing margins. While the pilot project on daily pricing for diesel and petrol is said to start next month, it will gradually be expanded to cover the entire country. Analysts at Jefferies say that the move should raise confidence over the sustainability of deregulation and is a positive as far as the outlook for marketing margins is concerned. It is not surprising then that the stock prices of Bharat Petroleum Corporation and Indian Oil Corporation (IOC) hit fresh 52-week highs on Thursday while the Hindustan Petroleum Corporation scrip trades near its yearly highs.While the OMCs have been reviewing prices every fortnight, daily pricing decisions are more beneficial. It can help OMCs pass on any hikes (depending on crude oil prices or rupee movement) on a daily basis and customer acceptance will be better. Also it will help the distribution ...

IOC, BPCL, HPCL gain up to 3% ahead of board meeting on interim dividend

In January 2017, HPCL had declared an interim dividend of Rs 22.50 per share

OMCs gain on hike in fuel prices

IOC, BPCL and HPCL were up 1% to 2% on the BSE in intra-day trade.

OMCs eye over 50% of retail sales in cashless mode by March

BPCL has installed PoS machines at all its filling stations in Mumbai

OMCs gain on fuel price hike

IOC, HPCL and BPCL were up between 2% and 3% as compared to 0.30% decline in the Sensex at 10:34 am

What will drive OMCs' next re-rating?

Improvement in marketing margins and momentum in demand for petroleum products augur well

Political lubrication helps Guwahati

ONGC, Oil India pay disputed amount to Assam after state and Centre coordinate stands on Congress-era disputed legacy

Gas utilities, OMCs seen shining in June quarter

Lower gas prices to up volumes and margins of gas utilities as inventory gains drive OMCs in quarter

Oil firms claims subsidy of Rs 110,967 crore on LPG sales in past 3 financial years

The ratio of number of active consumers and number of households is 61.9%.