Tuesday, Mar 09, 2021 | Last Update : 12:44 AM IST

oil marketing companies

Diesel price at record high in Delhi

Petrol prices on Sunday remained unchanged. Prices of petrol have remained static at Rs 80.43 per litre for almost four weeks

26 Jul 2020 3:23 PM

Oil marketing companies shares drop 13%, after hike in excise duty on petrol, diesel

Hindustan Petroleum Corporation Ltd shares tanked 13 percent, Bharat Petroleum plunged 9.99 percent and Indian Oil dropped 7.49 percent

07 May 2020 9:24 AM

Petrol and diesel sales shrink in April; demand expected to pick up this month

The demand is expected to further pick up as more areas were opened up on Monday

04 May 2020 4:11 PM

Saudi assures India of no oil supply shortage: Oil Min

A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven up oil prices.

16 Sep 2019 7:17 PM

Stoppage of fuel supplies due to shortage of funds: Air India Chairman and MD Lohani

‘It is because of overall shortage of funds, doesn't reflect on operational performance and recent efforts of airline,’ Ashwani Lohani said.

25 Aug 2019 3:57 PM

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Oil companies stop fuel supply to Air India at 6 airports due to non-payment of dues

However, an official said the flight operations of the airline are currently normal and unaffected.

22 Aug 2019 8:25 PM

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 Apr 2019 2:26 PM

City gas distribution rights to help oil marketing firms diversify: Fitch

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two areas.

27 Mar 2019 7:08 PM

Aviation, oil marketing cos rise on lower global crude oil prices

Shares of aviation and oil marketing companies surged up to 6 per cent on Wednesday.

21 Nov 2018 6:04 PM

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM

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Petrol, diesel prices cut for fourth consecutive day

Petrol price was cut by 25 paise a litre and diesel by 17 paise.

21 Oct 2018 1:15 PM

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.

12 Oct 2018 8:57 AM

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.

11 Oct 2018 5:05 PM

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.

10 Oct 2018 12:55 PM

OMCs will continue to bleed as govt rules out dividend relief

Reduction in dividend from oil marketing companies, cut in subsidies, lesser disinvestment revenue.

10 Oct 2018 10:58 AM

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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.

07 Oct 2018 11:45 AM

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.

05 Oct 2018 12:02 PM

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.

03 Oct 2018 7:44 PM

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.

01 Oct 2018 2:30 PM

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.

08 Jun 2018 12:17 PM

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