Dec 18, 2020 06:08 PM IST
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
- Nov 09, 2020 10:06 AM IST
Better visibility for recovery in the marketing segment lends strength to HPCL
- Jun 18, 2020 11:47 AM IST
- Jan 11, 2019 02:31 PM IST
With several planned expenses still in the pipeline, the government is now looking for measures to prevent a fiscal breach.
- Jan 10, 2019 03:29 PM IST
- Oct 05, 2018 04:04 PM IST
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.
- Sep 11, 2018 05:36 PM IST
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
- Oct 11, 2017 08:40 AM IST
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.
- Mar 21, 2017 03:19 PM IST
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.
- Mar 14, 2017 09:48 AM IST
- Feb 16, 2017 12:28 PM IST
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.
- Jan 23, 2017 04:31 PM IST
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.
- Jan 20, 2017 08:31 AM IST
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.
- Jan 13, 2017 07:50 AM IST
"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.
- Jan 09, 2017 03:23 PM IST
il Ministry is meeting with OMCs, the Finance Ministry, dealers, bankers to resolve MDR issue, said Dharmendra Pradhan, Oil Minister.
- Jan 04, 2017 09:18 PM IST
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.
- Nov 02, 2016 07:32 AM IST
Steel and Mines Minister Prafulla Mallick handed over the cheque of Rs 500 crore to Chief Minister Naveen Patnaik.
- Oct 18, 2016 10:51 AM IST
Ramesh Damani, Member, BSE said that Sensex carries a great importance for the Indian economy. â€œThe story of Sensex is ingrained in our memory,â€ 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.
- Oct 17, 2016 07:38 AM IST
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.
- Aug 29, 2016 02:17 PM IST
Gross refining margins in Q1 was at USD 9.98 per barrel from USD 10.77 per barrel in corresponding quarter last fiscal.
- Jul 21, 2016 10:24 AM IST
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.
- Jul 07, 2016 02:34 PM IST
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.
- Jul 04, 2016 10:19 AM IST
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.
- May 27, 2016 11:43 AM IST
Entire oil marketing companies (OMCs) pack is buzzing on buyers' radar today with IOC and HPCL rising 7 and 8 percent respectively.
- Apr 29, 2016 05:20 PM IST
The OMCs are asking the government to increase price of petrol by 90 paise and diesel by Rs 2.