oil companies

Profit of oil companies will decrease in FY25 as refining margin drops

Wed, May 22, 2024

The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners moderated to an average of USD 10 - 12/bbl. According to a report by CareEdge ratings, the GRM of oil companies will reduce further to USD 6-8 in FY25.

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ONGC, IOC, other oil PSUs to invest Rs 1.2 lakh crore in FY25

Sun, Feb 04, 2024

The investment proposed in 2024-25 is 5 per cent higher than Rs 1.12 lakh crore spent by the state-owned oil firms in the current fiscal year that ends on March 31, according to Budget 2024-25 documents.

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Oil companies to turn profitable on fuel marketing in FY24: Fitch

Thu, Aug 03, 2023

The rating agency expects India's petroleum product demand to grow by a mid-single digit percentage in the medium term, supported by the forecast that the GDP will grow by 6-7 per cent in the next few years, the government's increasing spending on infrastructure and a pick-up in industrial activity.

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How Is The Outlook For Oil And Gas Related Companies? Watch Details Here

Tue, May 23, 2023

Who will benefit from the growth in the Oil-Gas sector? How is the outlook for oil and gas related companies? How is the orders and growth guidance of the companies? Know from Varun Dubey in this video.

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Petroleum Minister Hardeep Puri on talks of price cut: 'Oil marketing companies still losing money on diesel' - Details!

Wed, Nov 02, 2022

The softening of international oil prices had raised the expectation of a cut in petrol and diesel prices.

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Aapki Khabar Aapka Fayda: When Will Petrol-Diesel Prices Become Cheaper? Watch This Special Report

Tue, Nov 01, 2022

Indian oil companies did not change the prices of crude oil for the last 5 months. On May 22, the government had reduced excise duty by Rs 6-8, but even after that there was no change in the prices. Crude prices increased due to geopolitical reasons. Crude prices crossed $139/barrel in March. After this, crude became cheaper due to fears of global recession. At present, the price of crude came around $ 94 per barrel. Oil companies were buying crude oil from Russia at a huge discount, but the consumers did not get the benefit. Watch this special report of Aapki Khabar Aapka Fayda.

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Moody's Report On OMCs, Big Loss This Year Due To Not Increasing The Price, Watch Detail Report Here

Tue, Oct 18, 2022

Oil marketing companies suffered huge losses this year due to non-increasing prices. How much loss to which OMC? Know full details from Varun Dubey.

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Government May Pay ₹20,000 Cr To OMCs, Watch This Video For Details

Mon, Sep 12, 2022

The government is planning to compensate for the losses incurred by the oil companies. Government may reimburse ₹20,000 Cr to OMCs. Watch this video for more details.

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Commodities Live: Government Asks Companies To Cut Edible Oil Price By Up To Rs 10/L

Thu, Aug 04, 2022

The Food Secretary called a meeting with the edible oil companies on Thursday to review the edible oils. The government has intensified its efforts to reduce the price of oils. The government can ask companies to reduce the price by up to Rs 10.

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Will The Edible Oil Price Be Cheaper? How Much Price Will Decrease? Watch This Video For Details

Wed, Aug 03, 2022

Will edible oil be cheaper? Will the prices of edible oils come down further? Tomorrow there will be a meeting of the Food Secretary to discuss the prices of edible oil. Know full news from Ambarish Pandey.

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Impact Of The Fall In Crude Oil, Which Companies To Benefit & Which To Suffer Loss, Varun Details

Wed, Jul 13, 2022

Impact of fall in crude oil. Which companies will benefit? Which companies to suffer losses? Know full details from Varun Dubey.

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Inflation shock: LPG becomes costlier by Rs 50, know what is the new rate

Wed, Jul 06, 2022

On July 6, the price of domestic LPG cylinders has been increased by the oil companies. Companies have increased the price of cylinders by Rs 50

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Oil India | MRPL | Why Oil Companies Stock Are In Focus? Watch This Video For Details

Mon, Jun 06, 2022

Oil companies in focus! Singapore GRM jumps more than 10 times in one year. Why the strong rally in oil companies? Know full news from Varun Dubey.

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Consortium of Indian Petroleum Dealers demand stimulus package from oil companies

Sun, Apr 12, 2020

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.

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PSU oil companies should share feasibility study for new outlets

Mon, Nov 26, 2018

As a part of transparency in the appointment of new dealerships, the three public sector oil companies should give out feasibility/viability report to potential dealers, specify the return on investment (RO).

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Oil marketing companies rope in common service centres for booking, re-filling LPG cylinders

Sun, Nov 04, 2018

As per agreement, the village level entrepreneurs (VLEs), who run CSCs franchisee in rural areas, will get Rs 20 for booking a new connection, Rs 2 for re-filling, Rs 10 for delivery at their CSC premise and Rs 19.5 per cylinder if the VLE delivers cylinder to the doorstep of customers, Oil Minister Dharmendra Pradhan said.

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ONGC acquires 10% stake in UAE's oil offshore concession

Sat, Feb 10, 2018

The concession will be for 40 years from 2018 to 2057. Sixty per cent of the participating interest will be retained by ADNOC and remaining 30 per cent will be awarded to other international oil companies.

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Getting environment clearance in Assam challenging: Oil cos

Sun, Feb 04, 2018

Director General of Hydrocarbons Atanu Chakraborty said  state government's help is needed in creating the correct awareness among the people

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India sees scope for more integration among state energy companies

Tue, Jan 23, 2018

ONGC`s purchase of a majority stake in HPCL is expected to close by the end of this month and Pradhan said there was a possibility to combine HPCL with ONGC`s petrochemical projects and its refining arm Mangalore Refinery and Petrochemicals Ltd.

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Availability of BS-VI compliant vehicles difficult till 2020: Experts

Thu, Nov 16, 2017

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Is merging state-owned oil companies a good idea?

Tue, Feb 07, 2017

According to the Fitch report, there are 18 state-controlled oil companies in India, with at least six that can be considered key players.

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Oil firms'' merger will create multiple entities -- also problems

Sun, Feb 05, 2017

"It will not be one company. It will not be wise to put all eggs in one basket. There will be multiple companies...but all these will be integrated," Pradhan told reporters here following the budget presentation earlier last week. 

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BSE Oil index reaches highest level since 2008

Thu, Oct 06, 2016

BSE Sensex has increased nearly 8% year-to-date with BSE Oil Index jumping nearly 2% on Thursday. 

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