New Delhi, June 1 Oil marketing companies have hiked the prices of non-subsidised cooking gas and aviation turbine fuel with effect from Monday. The price of the 14.2 kilogram cylinder of non-subsidised LPG gas in Delhi has been raised by
New Delhi, May 5 State-owned oil marketing companies (OMCs) including Indian Oil, BPCL, and HPCL may see significant erosion in the earnings during the January-March quarter of FY20 even though low crude and product prices jacked up their margins on
Chennai, April 12 The Consortium of Indian Petroleum Dealers (CIPD) on Saturday demanded a financial stimulus package from the oil marketing companies (OMCs) as their members are incurring losses due to the Covid-19 induced lockdown. In a letter to the
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
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
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
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,
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
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
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
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
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
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
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
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
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
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
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
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,
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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