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Tag "oil marketing companies"

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over from Friday to the daily pricing mode for transport fuels in line with global rates as petroleum dealers have withdrawn their call for closure of vends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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