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oil marketing companies News

Oil companies to pay for ethanol boost to sugar industry

The new mechanism basically removes uncertainty with regard to both pricing and supply.

Decontrol further

Deregulation of diesel prices isn’t enough. Now open up to all players, address LPG subsidy

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Now let go

Thanks to falling brent crude, a rare opportunity to painlessly deregulate diesel prices.

OMC stock prices surge almost 90% on stable rupee, softening crude

The public sector OMCs have seen shares tumble by as much as 45 per cent between May and August 2013.

Petrol price hiked by 41 paise,diesel by 10 paise

The two increases,which are excluding local sales tax or VAT,will be effective from midnight today.

Diesel price hiked by 10 paise a litre on jump in dealers' commission

Government had on Dec 10 raised commission paid to cooking gas (LPG) dealers by Rs 3.46.

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Subsidies put fiscal deficit target under strain

The problem is compounded by lower tax revenues and disinvestment targets falling below expectations.

Subsidy burden becoming backbreaking,says ONGC

ONGC's subsidy during first half of the current fiscal had been to the tune of Rs 23,400 crore.

RBI may extend forex window for OMCs beyond Nov,say experts

Experts feel that the sharp fall in rupee may press RBI to extend the window beyond November.

After unconfirmed report,Raghuram Rajan's RBI clarifies 'no plans to turn off dollar swap window'

Three state-run oil marketing cos together need nearly $400 mn every day or $8-9 bn every month.

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