Omc

Sentiment positive for OMCs amid lower oil prices, marketing margins

The volatile geo-political situation should lead to some caution for investors. But given the weakness in global and China demand, these trends could persist

Any correction in oil marketing companies could be a buying opportunity

The gross refining margins or GRMs and gross marketing margins for OMCs are critical

After lacklustre Q4 results, headwinds persist for Indian Oil stock

The core GRM per barrel in Q4FY24 was actually around $10.6 and the core GRM for FY25-26 could bottom out at $9

Interim Budget 2024-25: OilMin bats for retaining energy transition fund

Rs 30,000 cr was announced in last year's Budget but never disbursed

OMCs float tender to supply 8.25 billion litres of ethanol in FY24

The bid document was floated a few days back, and the validity of the bids was till July 31, 2024

OMC inks pact with Hindalco to supply raw minerals to alumina refinery

State-owned Odisha Mining Corporation (OMC) on Thursday signed a pact with Hindalco Industries for providing long-term raw material linkage for its refinery project at Kansariguda in Rayagada district. The agreement was signed in presence of Chief Minister Naveen Patnaik. OMC MD Balwant Singh his Hindalco counterpart Satish Pai signed the agreement for their respective organisations. The pact will speed up the work for a two-million ton alumina refinery in Rayagada. Terming the development as a significant milestone in the journey of Odisha's industrial growth, Patnaik said the state is poised to become an industrial hub of the East. "Let's co-create a future where business and socio-economic growth go hand in hand, making Odisha a shining example for the world," he said. Patnaik appealed to people of Rayagada to provide support to the refinery project, so that work can start soon and make visible changes in the lives of local people. In June, the state government came up with a n

Commercial LPG cylinder price cut by Rs 100, domestic stays same

A 19 kg LPG cylinder will cost Rs 1,680 in Delhi, Rs 1640.50 in Mumbai, and Rs 1,805.50 in Kolkata

OMC profits could reach Rs 1 trillion this financial year: CRISIL Ratings

This would be a significant rebound compared to the Rs 60,000 crore recorded between financial years 2017 and 2022 and the previous financial year low of Rs 33,000 crore

Waive late submission fee of nearly Rs 225 crore: Oil companies to RBI

OilMin writes to Department of Financial Services to end impasse

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

Telangana HC quashes Obulapuram mining Co. case against IAS officer

In a major relief to senior IAS officer of the Andhra Pradesh cadre, Y. Srilakshmi, the Telangana High Court on Tuesday quashed charges against her in the Obulapuram mining case filed by the CBI

Govt's ethanol blending programme faces supply and pricing problem

The government's ambitious aim to double the blending target could face challenges from two of the three sources: Grain-based and biomass-based

Analysts expect fuel prices to go up if global prices rise further

Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday

New pricing model aiming to prune jet fuel cost by 15% likely in two months

OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines

Japan's Chubu Electric to buy 20% stake in India's OMC Power for $39 mn

Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Will petrol, diesel price hike set OMC stocks on fire? What charts suggest

Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate

India on course to blend minimum 10% ethanol in 2021-22: Trade sources

Blending crossed 8.93% on Feb 16; trade sources say to achieve the 10% mark, 4.37 bn litres of ethanol are required of which 4.20 bn litres have already been offered via tenders and finalised by OMC

Oil marketing companies favouring grain-based ethanol: Sugar mills

Move to curb ethanol's over-dependence on sugarcane, say OMCs

Fuel price relief continues as OMCs keep rates unchanged on Tuesday

Prices also remained static on Monday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre in the first week of November.

Rising crude prices could put OMC margins under pressure, hurt stock rally

While analysts expect excise duty cuts or price hikes to offset pressure on marketing margins, there is some uncertainty currently; Oil producers seen gaining