Omc

During FY25, HPCL's capex was at Rs 14,500 crore, with FY26 capex guided at Rs 13,000–14,000 crore with an eye on completing ongoing projects.

Govt plans LPG loss compensation for OMCs via excise duty hike proceeds

Compensation plan for OMCs for under-recoveries in LPG is in its final stages; to be funded via excise duty hike kitty

IOC, BPCL, HPCL shares rally 5% as crude price tanks on cooling Middle East tensions; Oil India sinks 3%

Crude prices sank over seven percent overnight as U.S. President Donald Trump announced a likely ceasefire between Israel and Iran.

OMCs' earnings may hold firm even as Israel-Iran conflict lifts crude prices: Brokerages

OMCs such as HPCL and BPCL saw heavy selling pressure during the previous session amid escalating tensions in the Middle East.

Indian Oil to set up new POL terminal at Andaman & Nicobar amid rising fuel demand

The oil marketing company (OMC) is currently in the process of acquiring land for the proposed POL terminal, and expects the operationalisation in the next five years.

Govt to soon clear compensation for OMCs’ LPG losses

A meeting of the Expenditure Finance Committee was held on March 21 to discuss the compensation framework for OMCs, which have suffered significant financial strain due to high international LPG prices.

OMCs decline as Budget omits LPG under-recovery compensation

The under-recovery burden for OMCs stands at Rs 14,330 crore for IOCL, Rs 7,600 crore for HPCL, and Rs 7,230 crore for BPCL

OMC stocks plunge 5% on bearish Goldman Sachs note; Indian Oil has highest downside risk after Q2 results

Oil marketing stocks IOC, BPCL, and HPCL fell up to 5% as Goldman Sachs issued a bearish outlook following weak Q2 results, driven by underwhelming refining and marketing performance.

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.

Jefferies backs rally in oil marketing stocks despite margin declines

With a Goldilocks outlook and the expectation of OMC multiples returning to past peaks, BPCL offers the greatest margin of safety. It upgraded BPCL to Buy and increased its target price to Rs 890 a share.

Exclusive: Retail fuel price cut possible if crude supply stays stable, says Hardeep Puri

In 2022, OMCs froze the retail fuel prices despite soaring crude oil to keep inflation in check, which dented their bottom line. However, oil prices moderated from record high in September 2023, helping OMCs return to profitability

No talks of fuel price cuts with OMCs: Oil Minister Puri

The minister added that oil marketing companies (OMCs) are posting profits currently but had incurred huge losses earlier.

HSBC turns bullish on Indian oil refiners, raises forecasts

OMC companies exceeded expectations in their September quarter earnings due to a significant boost in refining margins, lower-than-expected auto fuel losses, and substantial inventory gains.

Oil marketers rally in stock market after Q2 profits beat Street estimates

State-run oil marketing companies (OMCs) returned to profitability, with a consolidated net profit of Rs 27,295 crore in Q2

Govt cuts LPG price by Rs 200/cylinder in major relief for consumers ahead of festive season

Subsidy for 10.35 crore Ujjwala scheme beneficiaries now stands at Rs 400 per LPG cylinder, says Union Minister Anurag Thakur.

LIVE: Why sugar sector applauds OMC's decision to hike ethanol prices | Commodities

OMCs hike ethanol prices. Food ministry estimates sugar diversion to ethanol to increase by 1.5 million tonne. In 2022, it stood at 4 million tonne; and in 2023 it is estimated to increase, to 5.5 million tonne. Why is the sugar sector happy with OMC's decision to hike ethanol prices? Watch this edition of Commodities with Manisha Gupta to know more.

Reliance, OMCs to see earnings upgrade on robust refining, marketing margins

Indian refiners are poised to gain even more advantages from their advantageous crude oil sourcing, allowing them to maintain realized margins significantly higher than the benchmark margins

MC Interview: Promising outlook for Indian markets, focus on quality stocks, says Sharekhan's Gaurav Dua

The outlook for the Indian markets in the medium to long term is highly promising, primarily due to the ongoing multi-year economic growth cycle and the anticipated robust growth in corporate profits over the coming years.

OMCs consider paying in Yuan for Russian crude

Most payments are currently made in dirhams and dollars, and the risk that the use of these currencies for trade with Russia will be stopped is making the refiners look for alternatives, officials from the two companies said, asking not to be identified due to the sensitivity of the matter.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories to help you stay at the top of your game.

Oil Update: What should investors do after the OPEC shocker?

Portfolio construction should be focused on business models that can survive high cost of capital; avoid pockets where the margin of safety is limited

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

State-run oil marketers seek Rs 50,000-crore damages on retail sale losses: Sources

Oil marketing companies expect the compensation on the grounds of price freeze in retail prices of petrol and diesel despite a steep rise in crude prices overseas

Petrol, diesel prices likely to be cut from November 1: Report

According to the report, OMCs may reduce oil prices by 40 paise daily for the next five days

MC Explains | OPEC cuts oil demand forecast, cites slowing economy. What does it mean for India?

The group said deteriorating macroeconomic conditions and high inflation levels have weighed on oil demand.