Browsing Tag
OMC
Cabinet Approves Rs 22,000-Crore One-Time Compensation For OMCs On LPG
The Union Cabinet on Wednesday approved a one-time compensation of Rs 22,000 crore for oil marketing companies (OMCs) — IOCL, BPCL and HPCL — on liquefied petroleum gas (LPG) to help them tide over losses as a result of under-recoveries.…
OMC losses likely to widen on lower margins, frozen prices
Losses at Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum are expected to widen to ₹21,300 crore in the July-September quarter from ₹18,500 crore in the previous quarter as refining margins shrank and retail prices remained…
Steel stocks crash, OMCs mixed after cut in duties – Times of India
MUMBAI: Stocks of iron & steel producers crashed on Monday, while that of oil marketing companies (OMCs) witnessed selling following the government’s Saturday decision to increase export duty on some steel products and iron pellets, and…
Central Govt Not Deciding Petrol, Diesel Price: Hardeep Puri Asks States to Cut VAT
Union oil minister Hardeep Singh Puri has urged states that did not reduce the Value Added Tax rates on petrol and diesel to cut it down now, amid months-high fuel prices across the country. The high fuel rates have directly impacted the…
Year-on-year sugar production till January 31 up by 5.6%, says ISMA
India's 2021-22 progressive year-on-year sugar production till January 31 is higher by 5.6%, said industry body Indian Sugar Mills Association (ISMA).
According to ISNA, as on 31st January, 2022, 507 sugar mills in the country were in…