Oil Marketing Companies

OMCs Losing ₹530 Crore Daily

Oil Marketing Companies Losing ₹530 Crore a Day as Crude Oil Prices Surge

10kg LPG Cylinder for Businesses

Government oil companies are planning to extend lightweight 10 kg composite LPG cylinders to commercial customers. The move could benefit small businesses, street vendors, students, tenants, and migrant workers with a more portable and convenient cooking fuel option. Highlights Government-owned oil marketing companies are preparing to introduce lightweight 10 kg...

US LPG Import Push

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Sub-headline: India looks to diversify cooking gas supplies after West Asia tensions expose risks in Gulf-dependent energy imports. Highlights India is planning to significantly increase imports of liquefied petroleum gas (LPG) from the United States as it looks to strengthen energy security and reduce its dependence on suppliers in the...

Fuel Price Cut May Take Time

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Petroleum Minister Hardeep Singh Puri says petrol and diesel prices could be reviewed if global crude oil prices remain low for the next 2–3 months. Key Highlights: New Delhi, July 2: Union Petroleum Minister Hardeep Singh Puri has indicated that petrol and diesel prices could be reviewed in the coming...

Commercial LPG Price Slashed

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Commercial LPG cylinder prices have been reduced by ₹183 from July 1, while domestic LPG cylinder rates remain unchanged across major Indian cities. Key Highlights: News Story: New Delhi, July 1: Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by around ₹183 with effect from...

Fuel Prices May Rise Further Despite Record Profits by Oil Companies

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Key Highlights Fresh concerns are emerging over the possibility of another increase in petrol and diesel prices after state-run oil marketing companies (OMCs) claimed they are still incurring losses of nearly ₹600 crore per day, even after raising fuel prices by up to ₹7.50 per litre since May 15. According...

Reduction in VAT may give relief to consumer

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Oil marketing companies (OMCs), facing financial pressure due to the West Asia crisis, increased the price of petrol and diesel by Rs 3 per liter three days ago. Given the pressure from OMCs, speculation is rife that retail prices of petrol and diesel will rise further. Consequently, many political parties...