"oil-marketing-companies"

Oil marketing companies incurred losses of Rs 74,781 crore by selling petrol, diesel and LPG below cost until June 30, Petroleum Minister Hardeep Singh Puri said. He indicated fuel price cuts could be considered if global crude oil prices remain low

Domestic LPG prices have been hiked by Rs 29 per cylinder, effective June 7, raising the cost of a 14.2-kg cylinder in Delhi to Rs 942. This marks the second increase in three months, following a Rs 60 hike in March.

Finance Minister Nirmala Sitharaman said the government sacrificed over Rs 1 lakh crore annually through fuel excise cuts to cushion consumers from inflation, while defending recent petrol and diesel price hikes as market-driven revisions caused by surging global crude oil prices amid the West Asia conflict

Indian state-run oil marketing companies raised petrol and diesel prices for the second time in less than a week due to surging global crude costs driven by the US-Iran conflict. The hikes push fuel prices to their highest levels since May 2022

The Telangana Civil Supplies Department has increased fuel supply by 126 per cent to tackle panic buying and cross-border demand. Officials said strict monitoring and emergency measures are in place to ensure uninterrupted fuel access, especially for farmers.

Oil marketing companies in Andhra Pradesh have reassured the public that LPG, petrol, and diesel supplies remain stable despite initial panic triggered by the West Asia conflict. HPCL’s N Bhaskara Reddy stated that LPG inventories are consistently maintained for three days, while petrol and diesel stocks cover 15 days.

The Union government has sharply increased excise duties on petroleum products, including diesel and aviation turbine fuel, citing volatile global crude prices and disruptions caused by conflict in West Asia. Diesel export duty has been raised to Rs 55.5 per litre, while ATF duty has climbed to Rs 42 per litre.

Indian Oil Corporation said LPG supply across India remains stable despite global tensions, urging customers to avoid panic booking. The company highlighted steady daily deliveries, increased digital bookings, and strict action against malpractices to ensure smooth distribution nationwide

The government has kept petrol and diesel prices unchanged despite reducing excise duty by Rs 10 per litre, using the relief to offset losses of oil marketing companies amid rising global crude prices and supply disruptions linked to West Asia tensions

The Telangana government has activated a round-the-clock Command and Control Centre at Errum Manzil to monitor LPG distribution across the State. Using GPS tracking and coordination among oil companies and officials, the facility aims to ensure uninterrupted supply and quickly address bottlenecks.

The oil ministry has formed a committee to address the sudden shortage of commercial LPG cylinders that has alarmed India’s hospitality industry. The government has prioritised household LPG supplies, leaving hotels and restaurants struggling.

Shares of oil marketing and paint companies fell sharply as crude oil prices surged above $110 per barrel amid escalating West Asia conflict. Rising energy costs triggered fears of inflation and higher import bills, dragging benchmark indices Sensex and Nifty significantly lower

Commercial LPG cylinder prices rose Rs 49 from February 1, lifting 19-kg rates across metros. Delhi hits Rs 1,740.50; Chennai costliest. Domestic LPG unchanged. Monthly revision may raise business costs, impacting food, hospitality, and consumer prices nationwide overall operations soon 

OMCs confirmed that they have enough LPG stocks at their bottling plants and that LPG distributors will operate as usual. They urged consumers not to panic.

ICRA: Stable Crude Prices Could Lead to Rs 2-3 per Litre Cut in Petrol, Diesel

Sources indicate the retail price for a 19 kg commercial LPG cylinder in Delhi is now Rs 1745.50.

Industry sources report that oil marketing companies (OMCs) have raised the prices of commercial LPG cylinders by Rs 209, starting from Sunday. This move comes as a significant blow to millions of consumers.

The prices of the 14.2 kg LPG domestic cooking gas cylinder have not been revised since March 1.

New Delhi: The state-run oil marketing companies on Tuesday raised key transport fuel prices for the 13th time in the last 15 days. Consequently, in the past 15 days, petrol prices have increased by Rs 9.40 per litre in the national capital. These prices were revised for the very first time on March 22 after […]

Hyderabad: TRS President and Chief Minister K Chandrashekhar Rao called the party ranks to stage demonstrations in all constituency headquarters across the State on Thursday, protesting against the hike in petrol, diesel and cooking gas prices by the Central government. Petrol and diesel prices were raised on Tuesday for the first time in over four […]