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  • HPCL: Inventory losses ruin Q4FY20 Jun 18, 2020 11:47 AM IST

    HPCL: Inventory losses ruin Q4FY20

  • Quick Take | Govt may delay payment of subsidy on petroleum products, OMCs could take a hit Jan 11, 2019 02:31 PM IST

    Quick Take | Govt may delay payment of subsidy on petroleum products, OMCs could take a hit

    With several planned expenses still in the pipeline, the government is now looking for measures to prevent a fiscal breach.

  • Inventory loss to eat into profits of downstream oil companies Jan 10, 2019 03:29 PM IST

    Inventory loss to eat into profits of downstream oil companies

  • Fitch said govt move on fuel prices to impact profitability of OMCs Oct 05, 2018 04:04 PM IST

    Fitch said govt move on fuel prices to impact profitability of OMCs

    While cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.

  • 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

  • OMCs call dealers' strike call bluff; say they've not a single unmet demand; fee hiked thrice since Nov last Oct 11, 2017 08:40 AM IST

    OMCs call dealers' strike call bluff; say they've not a single unmet demand; fee hiked thrice since Nov last

    The United Petroleum Front (UPF) had last Friday called for a one-day nationwide strike on October 13 to press for various demands including better margins, doing away with steep monetary penalties for not meeting the new marketing discipline guidelines and bringing petroleum items under GST.

  • Oil cos to use higher cash flows to expand asset base: S&P Mar 21, 2017 03:19 PM IST

    Oil cos to use higher cash flows to expand asset base: S&P

    They are expected to step up investments in upgrading refineries to meet cleaner fuel standards, improve yields and create flexible refinery configurations in product pipeline and gas infrastructure capacities, it said.

  • Indian markets saw sharp dip in oil demand in February and March: HPCL Mar 14, 2017 09:48 AM IST

    Indian markets saw sharp dip in oil demand in February and March: HPCL

  • Oil mkt over-supplied, prices may not rise significantly: HPCL Feb 16, 2017 12:28 PM IST

    Oil mkt over-supplied, prices may not rise significantly: HPCL

    The decision of the OPEC countries to cut output in an effort to reduce global glut has created ripples in the oil market. But, HPCL's Chief, MK Surana believes prices will not rise substantially.

  • See metals and OMCs to be stocks of this year: Ashwani Gujral Jan 23, 2017 04:31 PM IST

    See metals and OMCs to be stocks of this year: Ashwani Gujral

    In today's trade the metal stocks shone on the back of institutional buying and Ashwani Gujral says that metals and oil marketing companies (OMCs) can be the stocks for this year.

  • 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.

  • In consultation with all stake holders on MDR issue: Pradhan Jan 09, 2017 03:23 PM IST

    In consultation with all stake holders on MDR issue: Pradhan

    il Ministry is meeting with OMCs, the Finance Ministry, dealers, bankers to resolve MDR issue, said Dharmendra Pradhan, Oil Minister.

  • See around 20% earnings growth for our portfolio: Motilal Oswal Jan 04, 2017 09:18 PM IST

    See around 20% earnings growth for our portfolio: Motilal Oswal

    In an interview with CNBC-TV18 Gautam Sinha Roy said the impact of demonetisation will be felt more in rural facing, consumption inclined towards rural demand and real estate-linked sectors including building materials.

  • OMC pays Rs 500 cr interim dividend to Odisha government Nov 02, 2016 07:32 AM IST

    OMC pays Rs 500 cr interim dividend to Odisha government

    Steel and Mines Minister Prafulla Mallick handed over the cheque of Rs 500 crore to Chief Minister Naveen Patnaik.

  • Niche areas of IT will be a trend to watch for: Ramesh Damani Oct 18, 2016 10:51 AM IST

    Niche areas of IT will be a trend to watch for: Ramesh Damani

    Ramesh Damani, Member, BSE said that Sensex carries a great importance for the Indian economy. “The story of Sensex is ingrained in our memory,” he said, adding that the BSE is the cathedral to capitalism. Sensex will be compounding at a rate of 15-16 percent as it has been doing so far.

  • Sensex, Nifty may be subdued amid caution; OMCs in focus Oct 17, 2016 07:38 AM IST

    Sensex, Nifty may be subdued amid caution; OMCs in focus

    Oil marketing companies may be in focus on steep hike in fuel prices. Petrol price is raised by Rs 1.34 a litre, fifth increase in two months. Diesel, too, is hiked by Rs 2.37 a litre on back of spike in global rates.

  • IOC Q1 net jumps 390% to Rs 8269 cr; GRMs at $9.98/bbl Aug 29, 2016 02:17 PM IST

    IOC Q1 net jumps 390% to Rs 8269 cr; GRMs at $9.98/bbl

    Gross refining margins in Q1 was at USD 9.98 per barrel from USD 10.77 per barrel in corresponding quarter last fiscal.

  • Fino for more stake sale; to launch payments bank in 6 mths Jul 31, 2016 01:30 PM IST

    Fino for more stake sale; to launch payments bank in 6 mths

    When asked about the new shareholders, Gupta hinted that it may be some new, non-financial player again, saying a payments bank is the start of differentiated banking and the stakeholders will also be from varied businesses.

  • Optimistic on logistics; like Aurobindo & DRL: Mayuresh Joshi Jul 21, 2016 10:24 AM IST

    Optimistic on logistics; like Aurobindo & DRL: Mayuresh Joshi

    In an interview to CNBC-TV18 Mayuresh Joshi of Angel Broking shared his reading and outlook on the market as well as on various stocks and sectors.

  • Southern Online sees 12-14% margins from new orders Jul 07, 2016 02:34 PM IST

    Southern Online sees 12-14% margins from new orders

    Southern Online Bio Technologies has won orders worth Rs 30 crore from oil marketing companies - IOCL, HPCL and BPCL - and the director finance, K Radha Krishna believes that there is a scope of supply extension till March 2017, which can get additional orders of Rs 60 crore.

  • Kerosene hiked 25 paise; it's a plus for OMCs: Ex-ONGC chief Jul 04, 2016 10:19 AM IST

    Kerosene hiked 25 paise; it's a plus for OMCs: Ex-ONGC chief

    The hike was long due and will be positive for upstream and oil marketing companies (OMCs) like Oil and Natural Gas Corporation, says RS Sharma, Former CMD, ONGC.

  • OMCs rally, BPCL at record high; Analysts bet on GRM recovery May 27, 2016 11:43 AM IST

    OMCs rally, BPCL at record high; Analysts bet on GRM recovery

    Entire oil marketing companies (OMCs) pack is buzzing on buyers' radar today with IOC and HPCL rising 7 and 8 percent respectively.

  • OMCs ask Oil Min if diesel, petrol prices can be hiked Apr 29, 2016 05:20 PM IST

    OMCs ask Oil Min if diesel, petrol prices can be hiked

    The OMCs are asking the government to increase price of petrol by 90 paise and diesel by Rs 2.

  • PSU OMCs gain after increase in petrol, diesel prices Mar 17, 2016 11:32 AM IST

    PSU OMCs gain after increase in petrol, diesel prices

    On BSE, BPCL went up by 5.91 percent to Rs 864.60, HPCL gained 2.40 percent to Rs 751.95 and IOC climbed 3.89 percent to Rs 403.60.

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