Omc
-
{
- All
- News
- Videos
-
Oil Firms Return Profits As Dividends That Fund Roads, Highways: Sources
Roughly half the profit that oil firms make each year are returned to the centre as as dividend, with corporate tax on top. It funds roads, highways, railways, metros and the broader public investment programme, sources have said
-
Fuel Prices Are Up, But It Still Won't Cover Oil Firms' Losses. Here's Why
Petroleum Minister Hardeep Singh Puri had said OMC under-recoveries were around Rs 1,000 crore a day.
-
Fuel Prices Hiked By Rs 7 In 11 Days. Why Petrol, Diesel Rates May Rise Again
For oil companies to fully recover past losses, petrol, diesel prices in India would theoretically need to rise by another Rs 28 to Rs 33 per litre.
-
Despite Rs 3.9 Fuel Hike, Oil Companies Still Losing Rs 900 Crore Daily
Petrol, Diesel Price Today: Just four days after a Rs 3 per litre hike, petrol and diesel prices were raised by another 90 paise on Tuesday morning.
-
52% In UAE, 44% In US: How India's Rs 3 Fuel Hike Compares To Other Nations
Petrol, Diesel Price Today: Around 82 countries have imposed emergency restrictions, rationing, or sharp price hikes. India has done none of this.
-
Fuel Up Rs 3: Why Petrol, Diesel Prices Rose After Weeks Of Centre Holding The Line
Petrol, Diesel Price Today: The ongoing conflict in Iran disturbed global oil supply. The Rs 3 increase does not fully cover the losses.
-
Oil Companies Losing Rs 1,600 Crore Daily. Will Rs 3 Petrol Hike Be Enough?
OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month after the governemnt cut central excise taxes to ease burdens.
-
Oil Firms Bleeding Rs 1,600 Crore Daily To Shield Buyers From Price Hike
According to analysts, OMCs are incurring an estimated loss of Rs 1,600 crore daily. These losses are set to drag their quarterly results down.
-
Delhi Bans LPG Cylinder Sales From Godowns, 17 Raids Conducted Across City
Delhi has barred the sale of LPG cylinders directly from godowns, with authorities warning of strict action as enforcement intensifies across the city.
-
Sandwich Over Dosa-Vada, Bengaluru Restaurants Fall Back On Desi Jugaad Amid LPG Shortage
Bengaluru restaurants are adjusting menus and switching to low-fuel cooking as LPG shortages affect daily operations.
-
2026 TVS Petronas India OMC Training And Selection Program Announced -Details
TVS Motor Company announced the Petronas TVS India OMC 2026 Training and Selection Program, with nationwide trials across four cities and final selections at Chennai's Madras International Circuit.
-
Commercial LPG Cylinders Price Reduced, New Rates Effective Today
Oil marketing companies (OMCs) on Sunday said that the price of commercial LPG gas cylinders will be reduced by Rs 51.50, effective September 1.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
CBI Court Sentences Ex-Karnataka Minister To 7 Years Jail In Illegal Mining Case
A special CBI court here on Tuesday convicted former Karnataka minister and MLA Gali Janardhan Reddy and three others in the Obulapuram Mining Company (OMC) illegal mining case.
-
OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
-
Oil Firms Return Profits As Dividends That Fund Roads, Highways: Sources
Roughly half the profit that oil firms make each year are returned to the centre as as dividend, with corporate tax on top. It funds roads, highways, railways, metros and the broader public investment programme, sources have said
-
Fuel Prices Are Up, But It Still Won't Cover Oil Firms' Losses. Here's Why
Petroleum Minister Hardeep Singh Puri had said OMC under-recoveries were around Rs 1,000 crore a day.
-
Fuel Prices Hiked By Rs 7 In 11 Days. Why Petrol, Diesel Rates May Rise Again
For oil companies to fully recover past losses, petrol, diesel prices in India would theoretically need to rise by another Rs 28 to Rs 33 per litre.
-
Despite Rs 3.9 Fuel Hike, Oil Companies Still Losing Rs 900 Crore Daily
Petrol, Diesel Price Today: Just four days after a Rs 3 per litre hike, petrol and diesel prices were raised by another 90 paise on Tuesday morning.
-
52% In UAE, 44% In US: How India's Rs 3 Fuel Hike Compares To Other Nations
Petrol, Diesel Price Today: Around 82 countries have imposed emergency restrictions, rationing, or sharp price hikes. India has done none of this.
-
Fuel Up Rs 3: Why Petrol, Diesel Prices Rose After Weeks Of Centre Holding The Line
Petrol, Diesel Price Today: The ongoing conflict in Iran disturbed global oil supply. The Rs 3 increase does not fully cover the losses.
-
Oil Companies Losing Rs 1,600 Crore Daily. Will Rs 3 Petrol Hike Be Enough?
OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month after the governemnt cut central excise taxes to ease burdens.
-
Oil Firms Bleeding Rs 1,600 Crore Daily To Shield Buyers From Price Hike
According to analysts, OMCs are incurring an estimated loss of Rs 1,600 crore daily. These losses are set to drag their quarterly results down.
-
Delhi Bans LPG Cylinder Sales From Godowns, 17 Raids Conducted Across City
Delhi has barred the sale of LPG cylinders directly from godowns, with authorities warning of strict action as enforcement intensifies across the city.
-
Sandwich Over Dosa-Vada, Bengaluru Restaurants Fall Back On Desi Jugaad Amid LPG Shortage
Bengaluru restaurants are adjusting menus and switching to low-fuel cooking as LPG shortages affect daily operations.
-
2026 TVS Petronas India OMC Training And Selection Program Announced -Details
TVS Motor Company announced the Petronas TVS India OMC 2026 Training and Selection Program, with nationwide trials across four cities and final selections at Chennai's Madras International Circuit.
-
Commercial LPG Cylinders Price Reduced, New Rates Effective Today
Oil marketing companies (OMCs) on Sunday said that the price of commercial LPG gas cylinders will be reduced by Rs 51.50, effective September 1.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
CBI Court Sentences Ex-Karnataka Minister To 7 Years Jail In Illegal Mining Case
A special CBI court here on Tuesday convicted former Karnataka minister and MLA Gali Janardhan Reddy and three others in the Obulapuram Mining Company (OMC) illegal mining case.
-
OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
