Oil Marketing Company

An impending rise in fuel prices has led customers, both bulk and retail, buy oil in advance, translating into a surge in sales this month, and putting the entire supply chain under pressure, RIL says

Cairn India to pay $0.1 million if it fails to meet oil exploration commitment

For Cairn, the penalty for violating the terms of the bid would be a maximum of $0.1 million or Rs 71 lakh for each of the 14 blocks.

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.

Plans to expand Visakhapatnam, Mumbai refineries: HPCL

The company is looking at expanding its Visakhapatnam Refinery from 8.33 million tonnes (mt) to 15 mt with a cost of Rs 20,900 crore, said Chairman and Managing Director MK Surana of HPCL.

BPCL acquires 21% stake in FINO PayTech for Rs 251 crore

BPCL has entered into an agreement for acquiring 21 percent stake on fully diluted basis in the share capital of FINO PayTech for a consideration of Rs 251 crore in an all cash deal, BPCL said in a BSE filing.

Hope to clock GRMs of $5-6/ bbl in Q4: BPCL

P Balasubramanian, director-finance at BPCL, says the December quarter was a good one, especially on the refining side

Why you shouldn't blind-buy OMC stocks anymore

The deregulation play coupled with the falling crude trade is now showing some signs of being overextended and investors should now become stock-selective when dealing with oil marketing company (OMC) stocks.

Petrol price hiked by Rs 0.64/litre; diesel cut by Rs 1.35

Oil marketing companies today said they would hike the price of petrol by Rs 0.64 per litre and cut diesel prices by Rs 1.35 per litre, effective midnight June 16.

BPCL keen on Bina Refinery IPO next fiscal

The second largest oil marketing company Bharat Petroleum Corporation Ltd (BPCL) is hopeful of taking its 6-million tonne Bina Refinery public next fiscal, its Chairman and Managing Director R K Singh has said.

Why will ONGC's issue not happen by first week of April?

AK Hazarika, the new Chairman of ONGC, spoke to CNBC-TV18 about the controversy surrounding the company's FPO route. "The decision on the FPO lies with the government. However, we do expect it to take place in the first quarter of FY12," he said.