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  • Petrol, diesel prices may rise as international oil rates surge Sep 17, 2021 07:55 PM IST

    Petrol, diesel prices may rise as international oil rates surge

    Current prices of petrol and diesel in the international market are higher by around $4-6 per barrel as compared to average prices during August.

  • Current govt is paying for UPA's petrol price cut: FM Nirmala Sitharaman Aug 16, 2021 05:18 PM IST

    Current govt is paying for UPA's petrol price cut: FM Nirmala Sitharaman

    Sitharaman said that as of 31 March, 2021, there were Rs 1.31 lakh crore in outstanding principles and Rs 37,340 crore in interest yet to be repaid on the oil bonds dating back to the UPA-era.

  • OMCs continue to hold petrol, diesel prices as global crude rates ease Aug 15, 2021 04:05 PM IST

    OMCs continue to hold petrol, diesel prices as global crude rates ease

    On Sunday, petrol price in the national capital continued to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre.

  • Explained | How India’s ethanol-blending plan impacts industry Jun 30, 2021 04:41 PM IST

    Explained | How India’s ethanol-blending plan impacts industry

    Blending petrol with more of home-grown ethanol can reduce India’s oil import bill by $4 billion a year, and is great news for sugar mills as it is produced from a byproduct. It also helps farmers.

  • After 500 deaths, LPG distributors ring alarm bells of a possible supply disruption during COVID May 24, 2021 04:30 PM IST

    After 500 deaths, LPG distributors ring alarm bells of a possible supply disruption during COVID

    Delivery boys visit 65-75 lakh houses, accessing more than three crore people daily, which makes them vulnerable to infection; Federation asks for immediate vaccination

  • LPG price up by Rs 25, fuel prices rise again Feb 04, 2021 09:41 AM IST

    LPG price up by Rs 25, fuel prices rise again

    After the current hike, the price of cooking gas in Delhi was seen at Rs 719 per cylinder (14.2 kg), in Kolkata at Rs 745.50, Mumbai at Rs 719, and Rs 735 in Chennai.

  • Government apprised of rising oil prices but excise duty cut financially imprudent now Dec 18, 2020 06:08 PM IST

    Government apprised of rising oil prices but excise duty cut financially imprudent now

    After letting oil prices go unchanged for 59 days, oil marketing companies hiked petrol and diesel prices by over Rs 2 and by nearly Rs 3.50 respectively since November 19

  • Doorstep delivery of diesel may be the next big thing with oil companies roping in startups Jul 22, 2020 09:08 PM IST

    Doorstep delivery of diesel may be the next big thing with oil companies roping in startups

    The Ministry of Petroleum and Natural Gas started mulling over the idea of legalisation of home delivery of HSD in 2017, after which it introduced the Petroleum Explosives Safety Organisation (PESO) to draft guidelines in this regard

  • State oil cos offering cashback, discounts at petrol pumps to fight competition Jan 24, 2020 11:13 AM IST

    State oil cos offering cashback, discounts at petrol pumps to fight competition

    Indian Oil Corporation and Hindustan Petroleum Corporation are offering discounts on digital transactions at petrol pumps

  • BPCL privatisation could result in reassessment of govt-oil cos linkages: Ind-Ra Nov 05, 2019 08:00 PM IST

    BPCL privatisation could result in reassessment of govt-oil cos linkages: Ind-Ra

    Traditionally, oil marketing companies (OMCs) have been used by the government to push its inclusive agenda, the latest being the dole out of free cooking gas (LPG) cylinders to poor women's households.

  • OMCs to set up 2,500 new petrol pumps in West Bengal Nov 25, 2018 08:35 PM IST

    OMCs to set up 2,500 new petrol pumps in West Bengal

    The process to seek application for the new pumps in the state by Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum kicked off on Sunday.

  • Fact check | Are interest payments on UPA-era oil bonds responsible for high fuel prices? Sep 26, 2018 07:24 AM IST

    Fact check | Are interest payments on UPA-era oil bonds responsible for high fuel prices?

    It can be argued that despite enjoying windfall gains from the drop in global oil prices, the NDA government opted to shore up revenue by raising taxes, instead of passing the benefit to customers.

  • Inventory gains sugar coat a weak Q1 performance in downstream oil companies Sep 11, 2018 05:36 PM IST

    Inventory gains sugar coat a weak Q1 performance in downstream oil companies

    Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel

  • Caution advised! IOC, BPCL & HPCL are cheap for a reason Jun 07, 2018 01:15 PM IST

    Caution advised! IOC, BPCL & HPCL are cheap for a reason

    Policy uncertainty in light of high crude prices, inflationary environment and populism in an election year make us cautious on this space

  • Be prepared! Petrol, diesel pumps may remain closed on Sundays from May Apr 11, 2017 09:19 AM IST

    Be prepared! Petrol, diesel pumps may remain closed on Sundays from May

    The Consortium of Indian Petroleum Dealers has threatened to close fuel pumps on Sundays if their demand for an increase in dealer’s commission is not fulfilled by the central government.

  • Indian state-run companies mull daily fuel price change: Report Apr 07, 2017 10:46 AM IST

    Indian state-run companies mull daily fuel price change: Report

    State-owned and India's biggest oil marketing company Indian Oil Corp Ltd and its two smaller peers Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily.

  • Buy, sell, hold: 12 stocks & 2 sectors on analysts' radar as market at record high Apr 06, 2017 09:04 AM IST

    Buy, sell, hold: 12 stocks & 2 sectors on analysts' radar as market at record high

    ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.

  • Budget 2017: Cess on oil  production, customs duty on LNG may be cut Jan 30, 2017 06:07 PM IST

    Budget 2017: Cess on oil production, customs duty on LNG may be cut

    Although policy changes may be kept to a minimum in Finance Minister Arun Jaitley's Budget speech for the oil and gas sector, changes in the cess rates for oil production may prove to be a positive for the sector, suggest reports.

  • OMCs ask govt for compensation for cashless discount burden Jan 20, 2017 08:31 AM IST

    OMCs ask govt for compensation for cashless discount burden

    State-owned oil firms, that are bearing the discount cost of 0.75 percent for cashless payments announced by the government in the wake of demonetisation, may urge the government to compensate for their losses.

  • 'Banks, OMCs to bear card payment charges at petrol pumps' Jan 13, 2017 07:50 AM IST

    'Banks, OMCs to bear card payment charges at petrol pumps'

    "The decision is very clear. Consumers will not be burdened with Merchant Discount Rate (MDR). Retail outlets (petrol pumps) will also be kept out of its purview. Now it is between banks and OMCs how they share it," he said.

  • Draft policies on coal-based urea, ethanol in 3 weeks: Gadkari Jul 06, 2016 10:10 AM IST

    Draft policies on coal-based urea, ethanol in 3 weeks: Gadkari

    Ministries of Chemical and Fertilizer and New and Renewable Energy will come out with the draft policies for manufacturing of coal-based urea and second generation ethanol in three weeks, Union Minister Nitin Gadkari said.

  • Credit Suisse bets on BPCL, OMCs earnings growth to sustain Jun 17, 2016 01:37 PM IST

    Credit Suisse bets on BPCL, OMCs earnings growth to sustain

    Credit Suisse expects recovery in refining margins from recent weakness, sustained strong India oil demand growth, organic EBITDA growth due to refinery expansions at BPCL/IOCL and solid marketing margin performance to keep OMC returns supported.

  • Jayalalithaa seeks withdrawal of hike in fuel price Jun 16, 2016 03:32 PM IST

    Jayalalithaa seeks withdrawal of hike in fuel price

    Noting that the Centre in "different installments" since 2014 had increased the excise duty on petrol and diesel by Rs 11.77 and Rs 13.57, respectively, she said the benefit of dip in crude prices was not properly passed on to customers.

  • GRMs of oil marketing cos may recover on strong demand: Report May 24, 2016 07:14 PM IST

    GRMs of oil marketing cos may recover on strong demand: Report

    Gross refining margins (GRMs) of public-sector oil marketing companies may recover on account of strong demand and higher marketing margins, says a report

  • IGL sets up record 72 CNG stations in four months May 02, 2016 01:44 PM IST

    IGL sets up record 72 CNG stations in four months

    The CNG filling facilities have been set up at the retail outlets of oil marketing companies (OMC) like Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) since January 2016, the company said in a statement.

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