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Fuel prices highest in AP, Kerala, TG
Delhi, NE States, UTs have cheaper prices; A Rs2 per liter cut will reduce OMCs’ revenue / EBITDA by Rs30,000 cr annualized
Oil cos losing Rs 3-a-litre on diesel due to firming up prices
They resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely...
OMCs’ net soars higher than pre-oil crisis
Combined net profit of IOC, BPCL & HPCL was Rs 69k cr in Jan-Nov as against Rs39,356 cr in pre-oil crisis and a combined net loss of Rs1,201.18 cr...
Servotech, BPCL to set up EV charging stations
New Delhi: Servotech Power Systems Ltd (SPSL) on Tuesday said it has secured an order worth Rs 120 crore from Bharat Petroleum Corporation Limited...
Oil & gas stocks top gainers
New Delhi: Oil and gas stocks are the top gainers in trade on Tuesday with the index climbing more than two per cent. HPCL is up seven per cent,...
Oil and gas stocks top gainers led by HPCL
Oil and gas stocks are the top gainers in trade on Tuesday with the index climbing more than 2 per cent
Risk-reward turns negative for OMCs
Government is likely to either cut auto-fuel prices ahead of critical general elections in April - May’24 and/or hike auto-fuel excise duty
OMCs downgraded as risk-reward turns unfavourable
JM Financial Institutional Securities said in a report that in the absence of any valuation comfort post recent rally (OMCs trading at 10-30 per cent...