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PSU REFINERS
Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude pricesFuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil c...- Government lifts curbs on petrol, diesel sales at pumps as global oil prices fallFuel stations can now freely sell petrol and diesel to all customers. The government has removed restrictions on bulk buyers purchasing fue...
- Govt says India has ample petrol, diesel supply, calls for crackdown on diversionThe govt has confirmed that petrol and diesel supplies are ample for every home and community in the country. Instances of regional shortag...
- IRFC signs Rs 13,527 crore loan agreement with Hyderabad Metro for debt refinancingIRFC will provide a Rs 13,527 crore loan to Hyderabad Metro Rail. This refinancing will help clear debt obligations. IRFC expects to fund m...
- Modi govt has sprinkled petrol to burn common people's savings: KhargeFuel prices have seen a fourth increase in less than two weeks. Petrol and diesel rates have risen significantly, impacting household budge...
- Nischal Maheshwari advises buy on dips as markets stay resilientIndian equity markets showed resilience amid geopolitical tensions and oil price swings, suggesting investors believe the worst is priced i...
- India caps refinery margins after windfall export tax to cushion fuel lossesIndia has capped refinery margins to manage losses on domestic fuel sales. This follows a windfall tax on fuel exports. The move aims to ba...
- NALCO to pump in ₹30,000 cr for expansion driveNational Aluminium Company Limited (NALCO) is set to invest ₹30,000 crore in the next five years to expand its capacity, focusing on smelti...
- BPCL ESPS Trust sells 0.3% stake in BPCL for around Rs 400 crore; several FPIs pick sharesThe trust sold 68,36,948 shares at Rs 584 apiece, block deals data showed. Shares of the state-owned oil refiner ended 7.3% higher on the N...
- Rosneft sends JV feelers to PSU refiners for India unitRussian energy company Rosneft is reportedly looking to develop a greenfield refinery in India in partnership with state-owned local refine...
- Discount shopping: PSU refiners stock up on cheap Russian crudeRefiners choose a crude type based on the margin it will ultimately generate, calculated using the volume of different products a specific ...
- Oil companies' profitability may take a hit in Q3Unless the temperatures fall further, the weakness in GRMs could continue.
- Dharmendra Pradhan tells PSU oil companies to improve refining marginsPrice gap between the administered and market price of diesel has narrowed significantly, setting the stage for a competitive market in a f...
- Fuel hike unlikely to address concerns over OMC credit profileGovernment decision to hike fuel prices and cut duties will not be adequate to alleviate concerns over the credit profile of state-owned re...
- Widening crack spread to shore up refiners' marginsState-owned crude oil refiners are expecting to improve their gross refining margins in the March quarter as the price spreads of jet fuel ...
- IOC may shell out Rs 1,100 cr to buy 5% stake in Oil IndiaIndian Oil Corp (IOC) will buy one crore equity shares or five per cent stake in Oil India Ltd (OIL) before the PSU explorer gets listed on...
- PSU refiners can now convert bonds to dollarsThe Reserve Bank of India (RBI) has moved to support the rupee by starting special market operation(SMOs) enabling PSU refiners to convert ...
- PSU refiners to take first-ever net hit in Q2For the first-time ever, navratna refining majors - IndiaOil (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation...
- Refining the crude success storyHigher refining margin is likely to continue in the medium-to-long term as global demand for petroleum products is growing. India is strate...
- Finmin opposes oil export parity pricingThe finance ministry has expressed its reservation against a proposal to fix prices of petroleum products on the export parity saying that ...
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