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Oil Marketing Companies

Air travel to get costlier? Airlines hit hard as ATF prices soar from December 1

Air travel to get costlier? Airlines hit hard as ATF prices soar from December 1

Sun, Dec 01, 2024

ATF price hike alert: State-owned oil marketing companies (OMCs) have announced a rise in Aviation Turbine Fuel (ATF) prices on December 1, 2024. This sharp rise in jet fuel costs is likely to impact airfares, making air travel more expensive.

Downgrade on OMCs: CLSA Joins Avendus in Losing Confidence | What's Behind the Waning Trust in CLSA?

Downgrade on OMCs: CLSA Joins Avendus in Losing Confidence | What's Behind the Waning Trust in CLSA?

Thu, Feb 22, 2024

Another downgrade on OMCs: After Avendus now CLSA | Why did CLSA lose confidence? Concern about marketing margin due to rise in Crude Oil again?

IOCL, HPCL: OMCs decline after sources suggest govt may cut petrol and diesel prices ahead of elections

IOCL, HPCL: OMCs decline after sources suggest govt may cut petrol and diesel prices ahead of elections

Fri, Dec 29, 2023

At around 9:54 a.m., shares of HPCL were down over 3 per cent, BPCL slipped over 2 per cent and IOCL declined over 1 per cent.

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State-run OMC stocks remain under pressure after Centre’s move to cut LPG rates

State-run OMC stocks remain under pressure after Centre’s move to cut LPG rates

Thu, Aug 31, 2023

After market hours on Tuesday, the government announced the reduction in the retail prices of cooking gas cylinders in a bid to mitigate the impact of rising inflation on households.

IOCL, BPCL touch 52-week highs after crude oil plunges; what should you do?

IOCL, BPCL touch 52-week highs after crude oil plunges; what should you do?

Tue, Jun 13, 2023

BPCL, IOCL, HPCL share price: Oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum were in focus on Tuesday, after crude oil prices staged a sharp fall after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a US Fed meeting later this week.

IOCL, HPCL and BPCL stocks rise as crude oil prices fall nearly 9% in two days

IOCL, HPCL and BPCL stocks rise as crude oil prices fall nearly 9% in two days

Thu, May 04, 2023

Shares of oil marketing companies--IOCL, HPCL, and BPCL, rose in May 4’s trade supported by a fall in crude oil prices. In the past two days, crude oil prices in the international market have declined nearly 9%.

ATF Price Cut: Jet fuel prices cut by THIS MUCH from Dec 1 --Check Details Here

ATF Price Cut: Jet fuel prices cut by THIS MUCH from Dec 1 --Check Details Here

Thu, Dec 01, 2022

There is a piece of relief for airlines as Oil Marketing Companies have slashed the ATF prices. Indian Oil Corporation released revised rates on December 1.

ATF Price cut: Air travel to become cheaper? Jet fuel prices cut by THIS MUCH

ATF Price cut: Air travel to become cheaper? Jet fuel prices cut by THIS MUCH

Thu, Dec 01, 2022

ATF Price cut: The new rates will be applicable from today, 1 December (Thursday).

Oil & Gas Q2 Review: Weak margins and higher input costs sink July-September quarter earnings – what should investors do?

Oil & Gas Q2 Review: Weak margins and higher input costs sink July-September quarter earnings – what should investors do?

Wed, Nov 23, 2022

Oil & Gas Q2 Review, Upstream Companies, City Gas Distributors, Oil Marketing Companies, Gas Utilities: Similarly, Upstream companies such as ONGC and Oil India reported healthy earnings in Q2, with limited gains despite the windfall tax impact on oil realisation.

Ethanol Price Hike: Ethanol used for blending in petrol becomes more expensive – check new rates here

Ethanol Price Hike: Ethanol used for blending in petrol becomes more expensive – check new rates here

Wed, Nov 02, 2022

The government has been implementing Ethanol Blended Petrol (EBP) Programme wherein OMCs sell petrol blended with ethanol up to 10 per cent.

Modi Government approves one time grant of Rs 22000 cr to state-run OMCs; IOC, BPCL, HPCL to benefit

Modi Government approves one time grant of Rs 22000 cr to state-run OMCs; IOC, BPCL, HPCL to benefit

Wed, Oct 12, 2022

Narendra Modi Government has approved a onetime grant of Rs 22000 cr to public sector oil marketing companies (OMCs), Anurag Thakur, Minister of Information and Broadcasting said in a media briefing on Wednesday

Big news for public sector Oil Marketing Companies: Cabinet approval of Rs 22,000 crore likely | Exclusive

Big news for public sector Oil Marketing Companies: Cabinet approval of Rs 22,000 crore likely | Exclusive

Wed, Oct 12, 2022

Big news for public sector Oil Marketing Companies: The allocation will be a big bonanza for the oil marketing companies like Indian Oil Corporation Ltd. (IOCL), Hindustan Petroleum Corporation Ltd. (HPCL) and Bharat Petroleum Corporation Ltd. (BPCL).

LPG Price Hike: Domestic LPG cylinder price hiked by Rs 50; Check new rates in Delhi, Mumbai, Kolkata, Chennai

LPG Price Hike: Domestic LPG cylinder price hiked by Rs 50; Check new rates in Delhi, Mumbai, Kolkata, Chennai

Wed, Jul 06, 2022

LPG Price Hike: OMCs on Tuesday increased the price of domestic LPG cylinders in the country. On the morning of July 6, companies have increased the price of cylinders by Rs 50 and now the price of gas cylinders in Delhi has been increased to Rs 1053.

Oil market companies - BPCL and IOCL clarify no shortage of fuel and assure adequate supply available

Oil market companies - BPCL and IOCL clarify no shortage of fuel and assure adequate supply available

Wed, Jun 15, 2022

BPCL tweeted, “We assure everyone that there is adequate product availability at all our Fuel Stations, across our network. Therefore, there is no need to panic.”

Oil marketing companies' stocks slip up to 5% intraday on higher crude oil price, dollar index – BPCL, HPCL each hit 52-week lows

Oil marketing companies' stocks slip up to 5% intraday on higher crude oil price, dollar index – BPCL, HPCL each hit 52-week lows

Tue, Jun 14, 2022

The decline is mainly on the two factors, higher crude oil prices and the dollar index hitting a 4-week high of 105 levels on Monday.

Diesel, petrol prices: OMCs keep fuel prices steady on Tuesday

Diesel, petrol prices: OMCs keep fuel prices steady on Tuesday

Tue, Dec 14, 2021

Oil marketing companies have kept prices of diesel and petrol unchanged across major Indian cities on Tuesday.

Oil marketing companies continue to hold petrol, diesel prices

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

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

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

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

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

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

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.

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