Tag: OMCs
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Standalone refiners Chennai Petro, MRPL under pressure as OMCs sell fuel below cost
India's standalone refiners are witnessing pressure after oil marketing companies (OMCs) lowered refined product prices, effectively deviating from the deregulated pricing framework.In a bid...
OMCs stare at significant losses on domestic LPG sales ; Govt likely to take a fiscal hit on compensating OMCs
The Finance Ministry is likely to see a significant fiscal hit on India’s oil maths going haywire due to the war in West Asia.As...
OMCs HPCL, BPCL get a bullish recommendation from Morgan Stanley amidst sell-off
Shares of oil marketing companies such as Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Indian Oil Corporation traded mixed on Friday, March 27.Global brokerage...
Nayara Energy hikes petrol by ₹5, diesel by ₹3; PSU OMCs hold prices steady
Nayara Energy has increased petrol prices by ₹5 per litre and diesel by ₹3 per litre, a move expected to directly impact consumers.In a...
HPCL shares near 52-week low, other OMCs fall as crude oil spike continues
Shares of Hindustan Petroleum Corporation Ltd. (HPCL) are trading with losses of close to 6%, and are close to their 52-week low on Thursday,...
