India’s three oil marketing companies (OMCs) have invited applications for setting up fuel retail outlets at 23,946 locations in Rajashtan, Madhya Pradesh, Telangana, Chhattisgarh and Mizoram.
State-owned Oil Marketing Company’s (OMC) Bharat Petroleum Corporation Ltd. (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) have announced plans to double the number of fuel pumps
India’s natural gas production will rise by a third provided the output locked in a dozen fields of state-owned ONGC and OIL is opened up by giving remunerative market prices, people with knowledge of the matter said.
Asian equity markets have already discounted much of the bad news about the trade war between Beijing and Washington and the slowdown in China economy could offer some bargains in 2019, insurer AIA Group’s chief investment officer said.
Petrol and diesel prices Thursday were reduced for the first time in over two months because of a drop in the cost of production, according to state-owned oil firms. Petrol price was cut by 21 paise per litre and diesel by 11 paise
The oil marketing companies (OMCs) on Sunday cut the petrol prices for the fourth straight day.
Even as the clamour grows for a cut in central excise duty to bring down skyrocketing petrol and diesel prices, the oil marketing companies (OMCs) seem to have got the most bang for their buck ever since the Modi government came to power.
State-run oil marketing companies (OMCs) are witnessing a steady decline in diesel demand from the mobile tower segment, once seen as an important end-user of diesel in the country.
State-owned oil marketing companies (OMCs) have taken a combined hit of over Rs 500 crore during April as price revisions for petrol and diesel have been put on hold ahead of elections, analysts estimate.
The three state-owned oil marketing companies (OMCs) are on a solarisation spree, to reduce “consumption of hydrocarbon fuels” and “improve public perception” of themselves.