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Interaction of Minister of Petroleum & Natural Gas with Senior Officials of Oil Marketing Companies

Interaction of Minister of Petroleum & Natural Gas with Senior Officials of Oil Marketing Companies

🕔11:57, 19.Dec 2018

Minister of Petroleum & Natural Gas, Dharmendra Pradhan has interacted with the Chairman/CMDs and Senior Management of Oil Marketing Companies (OMCs) through video conference on the Cabinet decision of the Government to expand the scope of eligible beneficiaries of Pradhan

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MoU signed between OMCs and CSC-SPV for collaboration in LPG Services

MoU signed between OMCs and CSC-SPV for collaboration in LPG Services

🕔18:52, 3.Nov 2018

New Delhi, Nov 03 An MoU for collaboration in LPG services was signed here today between Oil Marketing Companies (IOCL, HPCL & BPCL) and CSC (Common Service Centre) e-Governance Services India Limited in presence of Ravi Shankar Prasad, Minister of Law

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Petrol, diesel prices down for second consecutive day

Petrol, diesel prices down for second consecutive day

🕔06:40, 20.Oct 2018

Mumbai, Oct 20  In a Dussehra relief for consumers, state-run oil marketing companies (OMCs) cut the prices of key domestic transportation fuels — petrol and diesel — for the second consecutive day on Friday. The prices of petrol and diesel

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Indian companies to buy Iranian oil in November: Minister

Indian companies to buy Iranian oil in November: Minister

🕔16:10, 16.Oct 2018

New Delhi, Oct 16  State-run oil marketing companies (OMCs) have placed orders for importing crude oil from Iran next month when US sanctions on Tehran are due to take effect, Petroleum Minister Dharmendra Pradhan said on Tuesday. Reiterating India’s stand,

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Fuel prices continue to rise, Modi to meet oil company heads

Fuel prices continue to rise, Modi to meet oil company heads

🕔07:05, 15.Oct 2018

New Delhi, Oct 14 (IANS) Fuel prices continued to rise across the four major metros on Sunday even as Prime Minister Narendra Modi prepares to meet oil company chiefs here on Monday to take stock of the global energy scenario. In

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Dividend from OMCs not down: Official

Dividend from OMCs not down: Official

🕔18:18, 9.Oct 2018

New Delhi, Oct 9  Economic Affairs Secretary Subhash Chandra Garg on Tuesday dismissed media reports which suggested that dividends from oil marketing companies (OMC) as well as revenue from disinvestment had gone down. “… published an item attributed to unnamed

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Indian oil firms can stagger $10-bn overseas borrowing: Finance Ministry

Indian oil firms can stagger $10-bn overseas borrowing: Finance Ministry

🕔15:27, 4.Oct 2018

New Delhi, Oct 4  The Finance Ministry on Thursday said that the $10 billion foreign currency loans that state-run oil-marketing companies (OMCs) can raise for their working capital needs will have to be staggered over a period of one year

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RBI eases overseas borrowing norms for dollar-hungry OMCs

RBI eases overseas borrowing norms for dollar-hungry OMCs

🕔10:37, 4.Oct 2018

Mumbai, Oct 4  The Reserve Bank India (RBI) on Wednesday relaxed overseas borrowing norms for state-run Oil Marketing Companies (OMCs) as rupee continues to slide to new lows for more than a month now. The RBI relaxed the norm that

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Cabinet hikes ethanol prices by Rs 3 per litre

Cabinet hikes ethanol prices by Rs 3 per litre

🕔07:50, 28.Jun 2018

New Delhi, June 28  The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a mechanism for procurement of ethanol by Oil Marketing Companies (OMCs) and hiked ex-mill price for ethanol derived out of ‘C’ heavy molasses by Rs 3

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IOC geared to supply Euro-VI fuel in Delhi

IOC geared to supply Euro-VI fuel in Delhi

🕔19:44, 31.Mar 2018

New Delhi, March 31 State-run oil marketing companies (OMCs) are fully geared to supply Euro-VI grade petrol and diesel in Delhi from April 1 as per the latest measure to tackle air pollution in the national capital, the Indian Oil Corp

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OMCs ready to pay higher offtake for biofuel : Pradhan

OMCs ready to pay higher offtake for biofuel : Pradhan

🕔22:08, 14.Mar 2018

New Delhi, March 14 (IANS) The government is prepared to pay a higher offtake price to producers of biofuel than it does for fossil fuels in a bid to boost the use of clean energy, Petroleum Minister Dharmendra Pradhan said on

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Sales boost OMCs’ stock outlook, margins more important : Jefferies

Sales boost OMCs’ stock outlook, margins more important : Jefferies

🕔20:30, 12.Dec 2017

New Delhi, Dec 12 (IANS) Higher sales remain a tailwind for Indian state-run oil marketing companies (OMCs), US investment banker Jefferies’ Indian arm said on Tuesday, reaffirming its ‘Buy’ rating on Indian Oil Corp (IOC) stock, which analysts preferred over Bharat

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Pradhan urges OMCs to speed up gas roll-out in northeast

Pradhan urges OMCs to speed up gas roll-out in northeast

🕔13:08, 10.Dec 2017

New Delhi, Dec 9 (IANS) Petroleum Minister Dharmendra Pradhan has urged oil marketing companies (OMCs) to speed up roll-out of city gas distribution to provide CNG/PNG (compressed natural gas/piped natural gas) connections and early completion of ongoing infrastructure projects in the

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OMCs hike petrol pump dealers’ commissions

OMCs hike petrol pump dealers’ commissions

🕔14:29, 4.Aug 2017

New Delhi, Aug 4  State-run oil marketing companies (OMCs) have hiked commissions paid to fuel pump dealers by up to 43 per cent for petrol and by up to 59 per cent for diesel, effective from the start of this

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Daily pan-India fuel pricing from Friday, dealers won’t strike

Daily pan-India fuel pricing from Friday, dealers won’t strike

🕔00:36, 15.Jun 2017

New Delhi, June 14 (IANS) The hurdles have been cleared for India to switch over from Friday to the daily pricing mode for transport fuels in line with global rates as petroleum dealers have withdrawn their call for closure of vends

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Want 40 lakh new LPG connections in Odisha: Minister Pradhan

Want 40 lakh new LPG connections in Odisha: Minister Pradhan

🕔12:25, 31.Dec 2015

Bhubaneswar, Dec 31  Union Petroleum Minister Dharmendra Pradhan has directed oil marketing companies (OMCs) to add 40 lakh new cooking gas connections in Odisha by 2019.The petroleum minister reviewed the availability and coverage of liquefied petroleum gas (LPG) in Odisha,

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OMCs sanctioned Rs.11,000 crore government subsidy

OMCs sanctioned Rs.11,000 crore government subsidy

🕔16:49, 11.Aug 2014

New Delhi, Aug 11 The government will pay state-run oil marketers Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) Rs.11,000 crore in subsidy for the first quarter of this fiscal to recover losses incurred on selling fuel below

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OMCs to spread cooking gas network to rural areas: Pradhan

OMCs to spread cooking gas network to rural areas: Pradhan

🕔11:00, 6.Jun 2014

New Delhi, June 6  State-run oil marketing companies will work to spread the cooking gas (LPG) network in rural areas to ensure greater access, Petroleum Minister Dharmendra Pradhan said Thursday. Speaking here on World Environment Day, the petroleum minister said

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