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.
oil marketing companies
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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.
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.
Sharp drop in crude oil prices poses upside risks for OMCs: Report
ICICI Securities has downgraded state-owned oil retailer HPCL to “REDUCE” from “ADD”, BPCL to “ADD” (from “BUY”), while it retained “BUY” call on IOCL.
Refining margins, inventory gains to mitigate OMCs' potential losses: Fitch
Fuel retailers kept petrol and diesel prices on hold for 137 days despite crude oil prices increasing by nearly $27 per barrel.
Why petrol, diesel prices need a ₹15 hike
Petrol and diesel prices have been stagnant for the past 120 days, even as crude oil prices continue to rise. Meanwhile, OMCs' margins suffer the consequences.
RBI managing economic challenges well: report
While gloom prevails across economies, a State Bank of India report says that the Reserve Bank of India has been relatively successful in ensuring financial stability in the market since May.
RIL, BP announce new JV for fuel retailing
The new JV in which 51% will be owned by Mukesh Ambani-led RIL will build a pan-India fuel retail service station network and also sell aviation fuel to airliners.
