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ICRA OMC REPORT
LPG losses reach Rs 300/cylinder, OMCs’ petrol, diesel margins turn negative; daily hit at Rs 530 crore: ICRAOMCs are facing mounting pressure as elevated crude oil prices push petrol and diesel marketing margins into negative territory, while dome...- Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
- Domestic air passenger traffic to rise by 3-6 pc in this fiscal: ICRAThe domestic air travel sector is projected to see a growth of three to six percent in the current fiscal year, while Indian airlines may e...
- LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocationIndia's LPG subsidy bill may surpass Rs 1 lakh crore in fiscal year 2027. This projection indicates a significant shortfall against the bud...
- The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hikeShares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset moun...
- Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
- West Asia crisis drives up fuel losses for OMCs: ICRAAt crude prices of $120-125 per barrel, marketing margins are estimated at around negative Rs 14 per litre for petrol and Rs 18 per litre f...
- A full-blown Israel-Iran war can imperil India's oil securityIndia's energy security is at risk as a potential full-scale war between Iran and Israel escalates. The conflict could disrupt crucial oil ...
- Oil companies making Rs 15/ltr profit on petrol even as consumers await big price cutsIndian oil marketing companies are experiencing significant profits due to falling crude oil prices, but consumers have yet to see a substa...
- Headroom to cut petrol, diesel prices by Rs 2-3 per litre: IcraRecent declines in crude oil prices have improved margins for state-owned fuel companies, allowing potential cuts in petrol and diesel pric...
- Brent below $80/bbl, is the time ripe for Modi govt to cut fuel prices before elections?Amid Brent Crude's drop below $80 per barrel, India's Modi government may consider a fuel price reduction before upcoming general elections...
- No inflation risk from latest spike in oil prices: Economists"Unless retail fuel prices change, there is no direct impact of higher oil prices on Consumer Price Index. However, there will be some marg...
- How rising oil prices can impact Indian economyStable demand, optimism due to China’s stimulation measures, and supply cuts announced by Russia and Saudi Arabia have led to a surge in oi...
- ICICI Bank, Jet Airways, Dilip Buildcon and Cadila Healthcare and OMC stocks to hog limelight todayHere is a list of top stocks that are likely to be in focus in today's trading session.
- Daily price change: Fuel rates up 8% since mid-June, says IcraThe government had allowed the oil marketing companies to follow dynamic pricing of auto fuels across the country from June 16, 2017.
- Sugar by-product prices to remain firm in future: ICRAPrices of molasses have increased due to two main factors. The production has declined due to fall in sugarcane crushing. But the demand ha...
- Crude oil prices climb to eight-month high signalling gains for Indian oil marketing companiesIn the year ended March, the government refunded the subsidy amount of all three OMCs shared in the third quarter of FY16 which boosted the...
- PSU oil marketing companies' subsidy burden may fall to Rs 28,000-34,000 crore in FY16: ICRAWith the scheme, OMCs would be allowed to sell domestic LPG at market price while subsidy will be directly transferred to the accounts of c...
- RBI likely to hold rates through the fiscal: IcraNotwithstanding moderation in inflation, the Reserve Bank is likely to keep status quo on the policy rates this fiscal to check price rise ...
- Impact of RBI measures: Rupee at 67/USD; IOC, BPCL, HPCL rallyOMC stocks came under considerable pressure this week weighed down by sharp depreciation in rupee and rising international crude oil prices.
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