oil marketing companies (omcs)

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    Refining Margins Capped as India Addresses Fuel Losses

    New Delhi, April 9 After imposing a windfall tax on fuel exports, India has moved to cap refinery margins in an effort to offset losses on domestic fuel sales, sources said.The war in West Asia has had two prolonged impacts – a spike in international oil prices, which has led to record losses...
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    LPG Supply in Haryana: Officials Report Smooth Distribution

    Chandigarh, April 7 With the war in West Asia disrupting energy supplies, Haryana Chief Secretary Anurag Rastogi reviewed the distribution of LPG cylinders as well as the status of the piped natural gas (PNG) network across the state on Tuesday.The meeting was conducted via a video conference...
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    OMCs Discount Refining Costs to Offset Fuel Price Controls

    New Delhi, April 5 In a move unprecedented since the deregulation of fuel prices, Indian state-owned oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF), and kerosene, aiming to limit mounting losses resulting from a self-imposed freeze...
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    India's Fuel Taxes: SEZ Export Duty Clarity Critical for Reliance

    In New Delhi, on March 29, the applicability of newly imposed export windfall taxes on diesel and ATF shipments from Reliance Industries' SEZ refinery remains a key uncertainty following India's fuel duty overhaul, with significant implications for refining margins and government revenues...
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    LPG Supply Challenges Affecting Jubilant FoodWorks Operations

    New Delhi, March 27 Jubilant FoodWorks Ltd said on Saturday that the supply of LPG cylinders to certain parts of its store network has been constrained due to the geopolitical situation in West Asia.The company, which operates fast-food chains, including Domino's Pizza and Dunkin' Donuts, said...
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    India Reduces Fuel Taxes, Imposes Export Duty Amid Rising Oil Prices

    New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre, averting a retail price hike that had become necessary due to soaring global oil prices.The reduction in special additional excise duty on petrol from ₹13 to ₹3 per litre and on diesel from ₹10...
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    Excise Duty Reduced, Exports Taxed: India's Strategy for Fuel Costs

    New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre, preventing a price hike that would have resulted from soaring global oil prices.The reduction in excise duty on petrol from ₹13 to ₹3 per litre and on diesel from ₹10 to nil will result in an...
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    Strait of Hormuz Crisis: Pakistan Takes Steps to Maintain Fuel Supplies

    Islamabad, March 5 Pakistan is considering various measures, including weekly revisions to petroleum prices, compensating oil companies, and mandatory work-from-home arrangements, to "maintain market liquidity" amid disruptions in trade following the closure of the Strait of Hormuz, a media...
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