Browsing Tag
OMCs
Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost $7 billion by…
‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’
‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL…
GRMs of OMCs to decline from the highs of Q1: Fitch Ratings
While rating agency Fitch Ratings expects petroleum demand growth to pick up to 7-8 per cent in FY23 from 5 per cent in FY22, gross refining margins are seen declining.
"Fitch expects core…
Oil cos rush to raise short term debt via CPs
In the past five weeks, state-run oil marketing companies including these three raised Rs 28,365 crore by selling shorter-duration commercial papers (CP), about 57% more than the money they…
Airline stocks climb up to 6% as OMCs reduce ATF prices
Shares of airline operators advanced up to 6 per cent in Monday's trade after the air turbine fuel (ATF) prices were reduced by 2.2 percentage points.
ATF prices are revised by oil marketing…
OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%
Shares of oil marketing companies (OMCs) were…
OMCs offer monetary relief to ethanol traders to quicken blending
To encourage vendors to maximise ethanol supplies, state-run oil marketing companies (OMCs) will provide them monetary relief between Rs 1,179 -2,337 per kilolitre (KL) for six months till…
RBI policy meet, Q4 results will keep traders busy next week
NEW DELHI: The equity markets closed the week on a bullish note after many weeks of volatility and turmoil caused by the anticipation of Fed policy changes. Now with that out of the picture…
Market movers: Why did Lupin jump 4% & OMCs take a big hit due to elections
NEW DELHI: Shares of Lupin gained nearly 4 per cent on Thursday as it received approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application…