OMCs News
Crude oil prices sink to 9-month low: HPCL, BPCL, other OMCs poised for earnings boost
The earnings of Oil Marketing Companies (OMCs) are usually a function of refining margins and a top up with marketing margins. OMCs with lower degree of refined integration will have higher leverage to earnings from lower crude and refining margins.
3 min read4 Sep 2024OMCs hike commercial LPG cylinder prices in Delhi by ₹39. Check price details
Oil marketing companies have revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders has been increased by ₹39 in Delhi with effect from September 1. Delhi retail sales price of 19kg commercial LPG cylinder is ₹1,691.50 from today.
1 min read1 Sep 2024LPG gas price: OMCs slash commercial gas cylinder prices from July 1; check new rates here
Oil marketing companies have announced a price reduction for commercial LPG gas cylinders from July 1. The 19 kg commercial LPG gas cylinder rate has been cut by ₹30. The new retail price for a 19kg commercial LPG cylinder in Delhi is ₹1646.
1 min read1 Jul 2024Petrol, diesel price cut to marginally hurt marketing earnings of OMCs; JM Financial maintains ‘Sell’ on IOC, HPCL
Fuel price cuts are likely to impact the gross marketing margins (GMM) of OMCs, which analysts see GMM declining to ₹2.2 per liter on diesel and ₹3.5 per liter on petrol, resulting in blended auto-fuel GMM of ₹2.6 per liter.
2 min read15 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared