Page 3 - Omcs

Cabinet approves higher ethanol procurement price by OMCs for blending

The government has been implementing EBP, where OMCs sell petrol blended with ethanol up to 10 per cent

Govt okays Rs 22,000 crore one-time grant for OMCs to battle losses

This will help them tide over continuing losses in providing domestic liquified petroleum gas

Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India

Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday

Standstill period in retail auto fuel prices may impact performance of OMCs

From 2011, the Centre instead brought the costs upfront as explicit petroleum subsidies shown in the Budget

India stares at fuel shortage with spike in under-recovery at OMCs

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources.

OMCs might require to further raise fuel prices: Fitch Ratings

Fitch cited that robust core refining margins as well as windfall inventory gains should allow OMCs to mitigate potential marketing losses in the near term

Street realigning to the new scenario for oil marketing companies

Many more price hikes though required to return to positive margins; moderate valuations offer some comfort

Govt works out math of keeping Russia supplies open as oil prices spike

Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi

Russian invasion of Ukraine and Budget 2022

While Russia's invasion of Ukraine doesn't quite throw Budget 2022 out the window yet, it does mean the fiscal maths will need a significant re-look.

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

Crude trumps $90: ONGC may see 15% upside; OMCs indicate a mixed trend

The two major OMCs were exhibiting a mixed trend on the charts, with HPCL reflecting positivity, while BPCL struggling to hold ground.

Delhi HC Division Bench upholds OMCs' penal guidelines for oil retailers

Minimum wage mandate most contentious for retailers

Reform fuel pricing

Govt must follow a transparent mechanism

Choose a fuel co-branded card that offers wide coverage, great rewards

Since these cards have high interest charges, avoid using them when you wish to revolve credit

OMCs continue to hold fuel price revision for sixth straight day

In the national capital, petrol was sold for Rs 101.19 per litre on Saturday.

Petrol price cut by 15 paise in national capital after 3-day hiatus

Oil marketing companies reduced petrol prices in the key metro cities after keeping them unchanged for three consecutive days.

OMCs slash fuel prices by 15 paise per litre after a week's break

Fuel consumers have finally been given some relief with oil marketing companies on Wednesday reducing the pump price of petrol and diesel after keeping it static for the past seven days

Oil marketing firms keep petrol, diesel retail prices unchanged for a week

Even with crude bouncing back over $73 a barrel, the Oil marketing companies have spared consumers any further hike in petrol and diesel prices

Fuel paradox: 6 more pvt players on cards, but price reins still with govt

Setting of retail prices, frequency with which they change and government increasing taxes when global prices are low all put a question mark on so-called market-linked pricing mechanism

Petrol, diesel price rise paused, retail rates unchanged across metros

After a longer break, the oil marketing companies have kept the retail prices of petrol and diesel unchanged for the second consecutive day on Thursday.