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West Asia conflict to strain India's FY27 fiscal math, says ICRAIndia's budget for FY2027 faces challenges due to rising global oil and gas prices. The West Asia conflict is pushing up costs, potentially...- Oil marketers may gain, producers may drain in Q3Oil marketing companies are poised for strong earnings growth in the December quarter, driven by robust refining margins and improved fuel ...
- Petrol margins soar above Rs 11 per litre. Should you buy oil marketing company stocks now?Indian fuel retailers are currently enjoying substantial marketing margins on petrol and diesel, driven by low crude oil prices. Brokerages...
- OMC stocks in focus after Hardeep Puri confirms LPG compensation payoutShares of BPCL, HPCL, and IOC may stay in focus after Oil Minister Hardeep Singh Puri said the government will compensate OMCs for under-re...
- Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCLThe government plans to grant a Rs 35,000 crore subsidy to IOC, BPCL, and HPCL to cover losses from selling domestic LPG at unchanged price...
- Parliament nod sought for extra spend of Rs 3.25 lakh cr on subsidy, capexThe government has also sought approval for Rs 45,176 crore additional expenditure by the rural development ministry, which includes Rs 16,...
- Oil Ministry seeks Rs 8,183 crore in fuel subsidyIOC, BPCL and Hindustan Petroleum Corp had reported a revenue loss of about Rs 24,563 crore in the July-September quarter.
- Government seeks Rs 15,546 crore fuel subsidy from upstream companies like ONGC and Oil IndiaThe Oil Ministry has fixed the subsidy payout by upstream firms like ONGC and Oil India Ltd at Rs 15,546.65 crore for the April-June quarte...
- Government directs ONGC to pay record Rs 56,384 crore in subsidyFor 2013-14, ONGC's subsidy share has been fixed at Rs 56,384.29 crore, 14 per cent higher than Rs 49,421 crore subsidy payout in previous ...
- ONGC to appeal in Supreme Court against Gujarat HC orderThe Gujarat High Court had on November 30 directed ONGC to pay royalty to the state government on the gross bill price of crude oil.
- HPCL Q4 net jumps 66 pc to Rs 7,679.31 croreHindustan Petroleum Corp Ltd (HPCL) today reported 66 per cent jump in net profit for the fourth quarter ended March 31, 2013.
- Oil marketing companies like Indian Oil, HPCL and BPCL losing Rs 19.26 on every litre of diesel soldDiesel as well as LPG and kerosene prices have not been raised since June last year even though cost of production has jumped nearly 28 per...
- CAG to audit under-recoveries of oil companiesIOC had in April-June reported the biggest quarterly net loss by any company as the govt failed to compensate OMCs for under-recoveries on ...
- Government to provide Rs 38,500 crore subsidy to oil companies for Q4 FY12Govt will dole out Rs 38,500 cr subsidy to public sector oil cos as part of compensation for selling diesel, domestic LPG & kerosene below ...
- Petrol Ministry seeks Rs 49,872 crore compensation for oil companiesPetroleum Ministry has sought cash subsidy of Rs 49,872 cr from the FinMin to compensate state-owned oil firms for selling fuel at govt con...
- Government seeks Parliament nod for Rs 30,000 crore payout to oil companiesThe government today sought approval of Parliament to pay Rs 30,000 crore in fuel subsidy to state-run oil firms for the first half of curr...
- Govt approves Rs 20K cr more subsidy to state oil retailersThe government today approved Rs 20,001 crore in additional cash subsidy to state-owned oil companies to compensate them for selling fuel b...
- New subsidy math set to replace oil bondsThe government is working out a new subsidy formula to replace the current system of compensating oil marketing companies (OMC) for selling...
- ONGC reports flat profitONGC net increased from Rs 4,138 crore last year to Rs 4,173 crore this fiscal
- FM may not compensate oil firmsFinance Ministry is unlikely to compensate state-owned oil refining firms for the Rs 2,000 crore loss they bore during April-May last year ...
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