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Oil Marketing Companies

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.

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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.

Oil on fire: IOC, HPCL, BPCL share prices hit fresh 52-week lows as Brent crude tops $74

Oil on fire: IOC, HPCL, BPCL share prices hit fresh 52-week lows as Brent crude tops $74

Thu, Apr 19, 2018

IOC, BPCL and HPCL share prices are showing weakness on the technical charts. Ruchit Jain, Equity Technical Analyst, Angel Broking expects time-wise and price-wise correction on these stocks.

Here is why oil marketing companies plunged in today's trade

Here is why oil marketing companies plunged in today's trade

Wed, Apr 11, 2018

HPCL, BPCL and IOC share prices slumped up to 8 per cent on Wednesday on reports that govt will ask them to absorb price hike on account of rising global crude prices.

Will Budget FY19's excise duty cut reduce petrol, diesel prices?

Will Budget FY19's excise duty cut reduce petrol, diesel prices?

Fri, Feb 02, 2018

With this reduction, the FM said the government will bear the revenue loss of Rs 13,000 crore in the remaining part of FY18.

Govt takes back LPG price hike order

Govt takes back LPG price hike order

Thu, Dec 28, 2017

Govt had earlier ordered public sector oil marketing companies to raise LPG prices by Rs 4 per cylinder every month

Cut in excise duty will have no impact on refiners’ profitability

Cut in excise duty will have no impact on refiners’ profitability

Fri, Oct 06, 2017

Since the time excise duty has been reduced, petrol and diesel prices have come down by more than Rs 2 per litre. Moody's believes this decline will boost demand for fuel in India.

India may use only LEDs for lighting by 2019: Goyal

India may use only LEDs for lighting by 2019: Goyal

Thu, Aug 17, 2017

"India will probably become the first country in the world to use 100 per cent LEDs for its lighting needs by 2019," Goyal, the Minister for Power, Coal, New and Renewable Energy and Mines Goyal said.

Did you notice your petrol, diesel prices have come down by Rs 5 and Rs 3 per litre in one month

Did you notice your petrol, diesel prices have come down by Rs 5 and Rs 3 per litre in one month

Mon, Jul 17, 2017

There has been daily revision in petrol and diesel prices from June 16, 2017. IOC provides daily updates on fuel prices for four metro cities.

Oil firms set up system for smooth daily fuel price change

Oil firms set up system for smooth daily fuel price change

Mon, Jun 12, 2017

The Federation of All India Petroleum Traders (FAIPT) has, in a statement, said there will be "no purchase no sale" of petrol and diesel on June 16 to protest the decision.

Pilot project a success, now petrol and diesel prices set to change every day

Pilot project a success, now petrol and diesel prices set to change every day

Wed, Jun 07, 2017

The government's move to change petrol and diesel prices on a daily basis - currently being tested in five cities.

4.500 Maharashtra petrol pumps to remain shut on Sundays

4.500 Maharashtra petrol pumps to remain shut on Sundays

Fri, May 12, 2017

The move will hit 225 petrol pumps in Mumbai alone, Federation of All Maharashtra Petrol Dealers Association (FAMPEDA) President Uday Lodh said.

Govt aims to ramp up LPG coverge 95% by FY19

Govt aims to ramp up LPG coverge 95% by FY19

Mon, May 08, 2017

As on March 2017, the total number of LPG connections stood at 19.87 crore, an addition of 3.25 crore new connections over the previous year.

Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18

Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18

Tue, Jan 24, 2017

As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.

Asked Finance Ministry to halve ad valorem cess, says Dharmendra Pradhan

Asked Finance Ministry to halve ad valorem cess, says Dharmendra Pradhan

Mon, Jun 06, 2016

Talking about the various updates in the oil sector, he said that the government is fully prepared with the new revenue sharing model. He said, “The government will launch roadshows across the country to auction 59 oil blocks. Companies from India and overseas will get a chance to work in India,” he said.

Oil Marketing Companies claim Rs 1.1 lakh crore subsidy on domestic LPG

Oil Marketing Companies claim Rs 1.1 lakh crore subsidy on domestic LPG

Mon, Apr 25, 2016

Oil marketing companies have claimed subsidy on domestic LPG to the tune of Rs 1.1 lakh crore in the last three financial years, government said today.

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