oil marketing companies
Petrol, diesel prices cut for fourth consecutive day
Petrol price was cut by 25 paise a litre and diesel by 17 paise.
Govt may not burden OMCs further with fuel subsidy
The market capitalisation of six large oil companies has falled by Rs 1.2 lakh crore.
Govt will not ask oil companies to further subsidise fuel prices: official
While OMCs will continue to enjoy marketing freedom, upstream oil producers like ONGC would not be asked to share fuel subsidy burden.
Fuel excise duty cut credit negative: Moody’s
Excise duty cuts on auto fuel reduce govt revenue and increase fiscal deficit by 0.1 pc to 3.4 pc of GDP in FY19.
OMCs will continue to bleed as govt rules out dividend relief
Reduction in dividend from oil marketing companies, cut in subsidies, lesser disinvestment revenue.
Govt seeks to reassure markets on deregulation of fuel prices
Shares in the companies fell more than 20 per cent to multi-year lows on Friday before recovering marginally.
Stocks of oil marketing companies plunge to 52 week lows on fuel price cut
Govt's decision to curtail marketing margins on auto fuels by Rs1/litre brings to fore the earnings uncertainty for oil PSUs.
RBI allows oil marketing firms to raise USD 10 billion from overseas
OMCs will now be able to raise external commercial borrowing for working capital purposes.
5,000 bio-gas plants at Rs 1.75 lakh cr investment in offing: Pradhan
Pradhan announced that state-owned fuel marketing companies will purchase all the bio-gas from these plants.
Reduce oil duties to check fuel price rise, says Assocham
Over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre.