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BPCL LPG COMPENSATION
IOC, BPCL, HPCL double combined profit to Rs 23,743 crore in December quarterThe gross refining margin (GRM) for Indian Oil Corporation (IOC) quadrupled in the third quarter, while that of Bharat Petroleum (BPCL) gre...- Govt likely to soon compensate oil firms for LPG lossesThe government is likely to provide Rs 30,000-35,000 crore in subsidies to IOC, BPCL, and HPCL to offset losses incurred from selling LPG b...
- 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...
- Bharat Petroleum eyes $20-30/ton gain from swap of Middle East LPG with cheaper US suppliesBharat Petroleum Corp Ltd anticipates a $20-$30 per ton gain by swapping Middle Eastern LPG for cheaper U.S. supplies, capitalizing on pric...
- 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...
- Centre announces one-time compensation of Rs 22,000 crore for OMCs to recover LPG lossesAnnouncing the Cabinet decision, union minister Anurag Thakur said that the prices of LPG have risen globally up to 300% while in India it ...
- 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 ...
- BPCL Q1 net loss widens to Rs 2,561.8 croreState-owned Bharat Petroleum Corp Ltd(BPCL)today reported a widening of its net loss to Rs 2,561.8 crore for the quarter ended June 30.
- IOC may receive remaining Rs 11,000 crore compensation by June endIndian Oil Corporation expects to receive Rs 11,000 crore remaining cash compensation from govt by June-end for incurring revenue losses on...
- State-run oil marketing companies to get Rs 20,000 cr as compensationA ministerial panel's meeting to consider raising diesel and cooking gas prices has been postponed to May 17-18.
- 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...
- IOC losing Rs 238 cr a day on fuel salesState-owned Indian Oil Corp is losing Rs 238 crore per day on selling diesel, domestic LPG and kerosene at government controlled rates.
- Losses on diesel sales touch record Rs 12.56 per litreLosses on the sale of diesel at government-controlled rates have hit a record Rs 12.56 a litre even as state-owned firms look at ways to mi...
- Losses on diesel sales touch a record Rs 10.74 per litreState-owned fuel retailers have seen losses on diesel sale touch a record Rs 10.74 per litre as government continues to bar them from raisi...
- State-run oil co losses on diesel sales climb to Rs 9.23/ltrIOC, HPCL and BPCL sell diesel, domestic LPG and kerosene below cost, as the prices are controlled by the govt.
- IOC, HPCL, BPCL lose Rs 275 cr in revenue every day on diesel saleThe three firms are losing Rs 275 cr in revenue every day on selling diesel, LPG and kerosene at the subsidised rates dictated by the govt.
- Govt to pay state oilcos Rs 10K cr to compensate rev lossThe government will give Rs 10,000 crore to state fuel retailers for selling fuel below cost in the first half of the current fiscal.
- IOC, BPC, HPC losses seen at Rs 79,670 cr in FY'11PSU oil giants may see losses on fuel sales jump over 66% this fiscal. Top dividend-paying cos | Best performing stocks | Better returns: V...
- Fin Min to give Rs 12,000 cr in cash to fuel retailersThe Finance Ministry will give Rs 12,000 crore in cash to Indian Oil, Hindustan Petroleum and Bharat Petroleum to cover for less than half ...
- OMCs may lose 45,000 cr for selling fuels below costState-run retailers IOC, BPCL and HPCL may lose about Rs 45,000 crore on selling auto and cooking fuels below cost this fiscal, two-third o...
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