Page 7 - Oil Marketing Companies

Major OMCs step off LPG price-hike pedal; absorb Rs 100 per cylinder

"At present prices, OMCs are absorbing Rs 100 per domestic cylinder," said an executive

Petrol, diesel prices rise to new record highs as rates hiked again

Petrol and diesel prices soared to new record highs across the country on Saturday after rates were hiked again by 25 paise and 30 paise a litre, respectively. The price of petrol in Delhi rose to its highest ever level of Rs 102.14 a litre and to Rs 108.19 in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates too touched a record high of Rs 90.47 in Delhi and Rs 98.16 a litre in Mumbai. Prices differ from state to state depending on the incidence of local taxes. The price hike follows international oil prices soaring to near three-year high as global output disruptions forced energy companies to draw more crude oil out of their stockpiles. The basket of crude oil India imports has averaged USD 78 per barrel in last few days. The fourth increase in its rates this week has sent petrol prices above Rs 100 in most major cities of the country. Similarly, the seventh increase in prices in nine days has shot up diesel rates above Rs 100 mark in sever

Diesel at record high, petrol nears all-time high as rates hiked again

Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively

Sharp rise in natural gas prices, power outages worsen inflation worries

Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday

Diesel price increased marginally, petrol rate remains steady

Auto fuel prices in the country have maintained stability amid volatility in global oil prices

No room to cut excise duty on petrol and diesel, says FM Sitharaman

On inflation, FM said she expected the retail price inflation rate to remain in the range mandated by the Monetary Policy Committee

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

Oil marketing companies continued to keep the petrol and diesel prices unchanged for nearly a month now on the backdrop of easing crude oil prices.

Petrol, diesel prices unchanged for three weeks: Check details here

Despite the price of crude oil tempering, petrol and diesel are sold at record high levels across the country

BPCL, HPCL: Is it time to look at OMC stocks amid crude oil drop?

A breakout above Rs 2,160 may result in a sharp upside towards Rs 2,250 and Rs 2300 levels in Reliance Industries' stock

New fuel retail outlets may rely on public sector OMCs to build networks

These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility

Consumers may get respite from frequent fuel price hike this month

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday

Petrol, diesel prices remain unchanged on Monday across metros

Fuel retailers spared consumers of further increase in prices by keeping retail rates of petrol and diesel unchanged on Monday

Oil marketing companies again resort to alternate day fuel price revision

On Thursday, OMCs kept retail price of petrol and diesel unchanged.

Fuel prices rise again across the country; petrol at Rs 102/ltr in Mumbai

The common man continues to face the heat from rising fuel prices as oil marketing companies once again decided to pass on the rise in global oil rates to consumers on Friday

OMCs keep petrol & diesel rates unchanged across four metro cities

The oil marketing companies (OMC) kept petrol and diesel prices unchanged on Tuesday across the four metro cities

Petrol, diesel price remain unchanged as OMCs goes for a longer pause

Fuel price rise in the country went for a longer pause as OMCs kept the pump rate of petrol and diesel unchanged for the second consecutive day on Thursday

OMCs pay 73% higher excise duty even as crude oil prices decline

The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20

Oil marketing firms: Gross refining margin, demand remain under pressure

Q4 numbers were boosted by inventory gains

Are OMCs shifting to alternate day fuel price revision mechanism?

Oil marketing companies seem to be moving towards a revised fuel price revision mechanism, shifting to the practice of changing petrol and fuel rates every alternate day

OMCs go on pause mode, petrol, diesel prices remain unchanged on Saturday

Petrol and diesel prices in the country remained unchanged on Saturday as oil marketing companies (OMCs) decided to pause the daily revision process and closely study global oil price movement