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OMCs

Petrol, diesel prices may be hiked by Rs 4 per litre

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

May 17, 2018, 15:35 PM IST

Petrol, diesel price rates slashed by over Rs 2

Oil marketing companies on Friday cut petrol prices by Rs 2.42 while it cut diesel price by Rs 2.25 per litre.

Jan 16, 2015, 19:16 PM IST

Petrol price cut by Rs 2.42, diesel by Rs 2.25 per litre

While the fall in global oil rates is a boon for consumers, for oil companies it has meant over Rs 12,000 crore of inventory losses.

Jan 16, 2015, 18:53 PM IST

LS adopts Supplementary Budget (General) for 2013-14

Lok Sabha on Thursday gave its approval to the government for Rs 18,594.27 crore additional spending in the current financial year to meet expenditure, mainly towards petroleum and fertiliser subsidies.

Dec 12, 2013, 16:49 PM IST

Oil marketing cos to get cash subsidy: Finance Secretary

Finance Secretary R S Gujral on Friday said oil marketing companies, which have been facing huge under recoveries on account of subsidised diesel, LPG and kerosene, will get cash subsidies today.

Mar 30, 2012, 18:51 PM IST

OMCs under-recoveries to double at Rs 1.4 tn this fiscal: Crisil

The under-recoveries of oil marketing companies are set to nearly double and touch an all-time high of Rs 1.4 trillion this fiscal up from Rs 78,000 crore last fiscal due to high crude oil prices and falling rupee, a report by Crisil said on Thursday.

Jan 12, 2012, 23:02 PM IST