Oil stocks up as govt cuts windfall tax on petroleum cude to zero
Levy on petrol, diesel, and aviation turbine fuel has been kept unchanged at zero
hpcl company
May 2023
March 2023
January 2023
December 2022
November 2022
September 2022
August 2022
Govt sanctions ₹800 cr for oil PSUs to set up charging stations under FAME II
India's public sector oil companies will set up 7,432 public fast charging stations across the country.
Losses of state-run OMCs to ease amid lower crude oil prices: Moody's
India's windfall tax on exports of locally-produced oil has helped reduce the state-owned refining and marketing companies' marketing losses, says Moody's.
Q3 results: Oil and gas cos to see strong sequential growth in Dec quarter
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
HPCL gets board nod to raise ₹10,000 cr via debt; stock down 3%
The board of HPCL has given the approval to raise up to ₹10,000 cr via debt market to fund its oil refining and fuel marketing operations.
Petrol prices rose 19%, diesel by 26.5% in 2 yrs: Govt
State-run oil marketing companies have booked a combined loss of ₹27,276 crore in the first six months of the ongoing financial year, says Union minister Hardeep Puri.
HPCL shares fall 5% post Q2; should you buy the dip?
HPCL posted a back-to-back quarterly loss amid continued decline in margins due to a freeze on retail prices of petrol and diesel.
Govt cuts windfall tax on crude; here’s how oil stocks reacted
Shares of ONGC, HPCL, and IOC rose up to 1%, while Adani Total Gas, Reliance Industries, and BPCL fell up to 1% on the BSE.
Will falling crude prices, improving marketing margins boost OMC stocks?
The recent fall in international crude and product prices has helped state-owned OMCs to narrow their marketing losses.
HPCL, BPCL, IOC shares fall up to 6%; here's why
HPCL, BPCL, IOC reported a combined loss of ₹18,480 crore in the June quarter due to a decline in the margin on petrol, diesel, and domestic LPG in the backdrop of rise in international crude prices
