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    • Air travel to get costlier as OMCs plan jet fuel price hike in April: Report

      This could deal a double blow to airlines, which are already grappling with rising fuel costs and airspace disruptions caused by the ongoing conflict involving the US, Israel, and Iran in West Asia

    • Premium fuel gets costlier: Check regular petrol prices in Delhi, Mumbai, Bengaluru

      Here’s the full list of regular petrol and diesel prices in India's top cities on March 20

    • Oil firms weigh refinery price freeze; move may hit MRPL, CPCL

      With no immediate end to the conflict in sight, OMCs are exploring ways to limit losses on fuel sales, two sources aware of the matter said

    • New routes, more Russian barrels on cards as petroleum ministry, refiners draw up contingency plan

      The ministry of petroleum and natural gas held multiple meetings with the refiners over the weekend, taking stock of the West Asia situation and charting contingency plans including alternative regions and routes for supply of crude oil

    • OMCs likely to end FY26 on a strong note, LPG compensation to boost Q4 earnings

      HPCL will get Rs 1,980 crore, BPCL Rs 1,900 crore and IOCL Rs 3,620 core as LPG compensation in Q4, say analysts

    • OMC shares rise as Finance Ministry mulls Rs 32,000-35,000 crore fund to compensate for LPG under-recovery

      The Finance Ministry is finalizing the contours of the deal, and a Cabinet approval for the compensation could be sought soon, it is learnt.

    • Trump's executive order and tariff threat sent crude lower, OMC shares higher

      Trump's declaration of a national energy emergency, in an effort to boost oil and gas production triggered a sharp fall in crude oil prices, with Brent falling below $80 per barrel and West Texas Intermediate near $77.

    • Ethanol sourcing from sugar mills to be less this season, Centre also mulls lower-than-expected price hike: CNBC Awaaz

      Leading sugar mills are staring at a dual setback, as Centre is prioritising ethanol procurement from cooperative mills over private companies, and is considering a less-than-expected price hike.

    • With healthy marketing margins, OMCs can cut auto fuel prices by Rs 2-3/litre: ICRA

      The agency's estimates show that OMC's margins are much higher than what they are internationally in September 2024. Meanwhile, retail prices have remained unchanged since March 2024.

    • OMCs to decide on fuel price cut if crude stays low for long: Petroleum Secy

      Oil Ministry has been in talks with the Finance Ministry regarding the windfall tax, and the Department of Revenue will take a final decision in this regard. Both ministries will continue to engage in this matter, Petroleum Secy has said.

    • HPCL, BPCL shares hit 52-week high as Brent crude prices cool down

      Brent crude prices have dropped nearly 7 percent in five sessions, driven by weak demand from China and expectations of increased OPEC+ production in October to offset Libya's output decline.

    • OMCs bet billions on petchem amid rising risk, market shifts

      These investments come amid weak global demand for traditional fuels. While the petrochemical sector offers growth potential, state-run companies have underperformed in this area, adding a layer of risk.

    • Oil stocks feel the pinch after government raises windfall tax on crude; ONGC, Oil India, Indian Oil fall up to 2.5%

      The latest hike in windfall tax marks the fifth such increase since February. The move by the Indian government comes as global oil prices continue to rise amid concerns over potential disruptions in supply due to escalating geopolitical tensions.

    • Diverting maize for ethanol production will increase poultry feed prices, crimp margins

      The poultry industry anticipates that 10-20 percent of maize could be used for ethanol production, which would increase the demand-supply gap further, causing a spike in maize prices.

    • OMCs' improved marketing margins may see downward revision of fuel prices: ICRA

      According to ICRA estimates, OMCs’ net realisation was higher by Rs 11/litre for petrol and Rs 6/litre for diesel vis-à-vis international product prices in January 2024

    • New Year cheers: Commercial LPG cylinder prices slashed; check latest rates in Delhi, Mumbai, other cities

      As per the IOCL website, the cost of commercial LPG—used in establishments like hotels and restaurants—will now be Rs 1,755.50 per 19-kg cylinder in the national capital Delhi, down by Rs 1.50 from the previous price of Rs 1,757.

    • Can oil marketing stocks run up further?

      Oil marketing companies could soon face a double whammy with rising oil prices and falling finished goods prices 

    • Oil marketing companies’ margin slump to hit Q2 net profit; strong show expected from RIL

      Strong refining margins and inventory gains, however, could partly offset the slump in marketing margins of downstream oil companies, say analysts. About RIL, they said the company has showcased noteworthy resilience and growth during Q2FY24

    • State-run refiners post combined profit of Rs 32,147 crore as marketing margins improve

      In the first quarter of the previous financial year, they posted losses due to record-high crude oil prices amid geopolitical tensions

    • OMCs face Rs 5,000 crore in under-recovery in Q4FY23: Nomura

    • Record high oil-demand: Which stock will gain, which will lose, according to Nomura

    • No plans of more financial support to OMCs, says Union petroleum minister

    • Cabinet approves Rs 22,000 crore grant for state-run OMCs to compensate LPG losses

    • BPCL divestment is not on the table right now: Hardeep Singh Puri

    • Benefits of ATF price reduction due to new pricing mechanism will be passed on to customers: Airline officials

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