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OMC

 Petrol price cut by Rs 1.42 per litre, diesel by Rs 2.01 a litre

Petrol price cut by Rs 1.42 per litre, diesel by Rs 2.01 a litre

Petrol price was on Sunday cut by Rs 1.42 a litre and diesel by Rs 2.01 per litre, the third reduction in rates this month on global cues.

Odisha may offer Posco the JV option with OMC

Prime Minister's Principal Secretary Nripendra Misra on Tuesday held a meeting with Mines Secretary Balvinder Kumar, Steel Secretary Rakesh Singh, Odisha Chief Secretary G C Pati and Posco India CMD Gee Woong Sung on the steps that can be taken to save the project, sources said.

OMC shares drop after excise duty on petrol, diesel raised

Shares of three listed state-owned oil marketing companies (OMC) fell up to 4 percent at close today, after the government raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel.

RBI in no hurry to shut forex facility for oil refiners: Rajan

Seeking to ensure stability in the currency market, Reserve Bank Governor Raghuram Rajan Wednesday said the central bank will not hurriedly close a special window for oil marketing companies (OMCs) to buy dollars for crude oil imports.

Posco ready to sacrifice export clause; new pact soon

Under the new clause, the steel giant will be allowed to swap up to 30 percent of the required iron ore within the country through the Orissa Mining Corporation (OMC), Mohanty said.