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Oil Marketing Companies News
Oil Marketing Companies
Oil marketing companies continue to hold petrol, diesel prices
Sun, Nov 15, 2020
Retail prices of the two fuels have been unchanged despite recent increase in crude oil prices.
Oil marketing companies hold fuel prices, diesel price same for 9th day
Sun, Aug 09, 2020
Petrol prices have not changed for over 40 days now in the country.
Exclusive: There will be no issue with supply of diesel, petrol or LPG, HPCL CMD says
Thu, Apr 02, 2020
Consumption of LPG has incresed since the announcement of the 21-day nationwide lockdown, S.K. Surana CMD at HPCL told Zee Business Managing Editor Anil Singhvi in an exclusive interview; lockdown has affected consumption of petroleum products like diesel and petrol and it was only natural since the movement of vehicles have been restricted, he said
Indian Oil’s CapEx for FY20 is Rs 25,000 crore: Sanjiv Singh, Chairman
Thu, Aug 29, 2019
Indian Oil has a CapEx of around Rs 25,000 crore for this year and we are confident that the targets will be met by the end of the year, says Sanjiv Singh, Chairman, Indian Oil, in a candid chat with Zee Business.
Ahead of general elections 2019, Modi govt allows OMCs to open over 55,000 new fuel stations
Mon, Nov 26, 2018
The move will boost employment generation by thousands and an investment of thousands of crores of rupees.
Good news! Motilal Oswal says India Inc earnings set to zoom
Mon, Oct 08, 2018
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, feels India Inc’s earnings estimates are quite positive and the corporates will build upon the positive trend in the second quarter of the current fiscal.
Petrol, diesel price hikes: IOC, BPCL, HPCL shares tank on these reports
Tue, May 22, 2018
IOC dipped 5 per cent to Rs 160.85 since May 13, the day the company hiked fuel prices first time after a 19-day hiatus since April 24. BPCL and HPCL dropped 2.59 per cent and 4.6 per cent to Rs 389 and Rs 303.45, respectively during the same period.
Oil on fire: IOC, HPCL, BPCL share prices hit fresh 52-week lows as Brent crude tops $74
Thu, Apr 19, 2018
IOC, BPCL and HPCL share prices are showing weakness on the technical charts. Ruchit Jain, Equity Technical Analyst, Angel Broking expects time-wise and price-wise correction on these stocks.
Here is why oil marketing companies plunged in today's trade
Wed, Apr 11, 2018
HPCL, BPCL and IOC share prices slumped up to 8 per cent on Wednesday on reports that govt will ask them to absorb price hike on account of rising global crude prices.
Will Budget FY19's excise duty cut reduce petrol, diesel prices?
Fri, Feb 02, 2018
With this reduction, the FM said the government will bear the revenue loss of Rs 13,000 crore in the remaining part of FY18.
Govt takes back LPG price hike order
Thu, Dec 28, 2017
Govt had earlier ordered public sector oil marketing companies to raise LPG prices by Rs 4 per cylinder every month
Cut in excise duty will have no impact on refiners’ profitability
Fri, Oct 06, 2017
Since the time excise duty has been reduced, petrol and diesel prices have come down by more than Rs 2 per litre. Moody's believes this decline will boost demand for fuel in India.
India may use only LEDs for lighting by 2019: Goyal
Thu, Aug 17, 2017
"India will probably become the first country in the world to use 100 per cent LEDs for its lighting needs by 2019," Goyal, the Minister for Power, Coal, New and Renewable Energy and Mines Goyal said.
Did you notice your petrol, diesel prices have come down by Rs 5 and Rs 3 per litre in one month
Mon, Jul 17, 2017
There has been daily revision in petrol and diesel prices from June 16, 2017. IOC provides daily updates on fuel prices for four metro cities.
Oil firms set up system for smooth daily fuel price change
Mon, Jun 12, 2017
The Federation of All India Petroleum Traders (FAIPT) has, in a statement, said there will be "no purchase no sale" of petrol and diesel on June 16 to protest the decision.
Pilot project a success, now petrol and diesel prices set to change every day
Wed, Jun 07, 2017
The government's move to change petrol and diesel prices on a daily basis - currently being tested in five cities.
4.500 Maharashtra petrol pumps to remain shut on Sundays
Fri, May 12, 2017
The move will hit 225 petrol pumps in Mumbai alone, Federation of All Maharashtra Petrol Dealers Association (FAMPEDA) President Uday Lodh said.
Govt aims to ramp up LPG coverge 95% by FY19
Mon, May 08, 2017
As on March 2017, the total number of LPG connections stood at 19.87 crore, an addition of 3.25 crore new connections over the previous year.
Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
Asked Finance Ministry to halve ad valorem cess, says Dharmendra Pradhan
Mon, Jun 06, 2016
Talking about the various updates in the oil sector, he said that the government is fully prepared with the new revenue sharing model. He said, “The government will launch roadshows across the country to auction 59 oil blocks. Companies from India and overseas will get a chance to work in India,” he said.