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...
New Delhi, March 18 Asian refining margins have turned negative after a brief surge earlier this month, as the ongoing Iran conflict disrupts crude supply chains and forces refiners across the region to cut operating rates.Benchmark Singapore gross refining margins (GRMs), a key indicator of...
New Delhi, March 11 Indian oil marketing companies (OMCs) and GAIL (India) Limited could face cash flow pressures if disruptions linked to tensions involving Iran persist, particularly if the Strait of Hormuz remains closed or oil prices stay elevated for an extended period, according to Fitch...
New Delhi, March 9 Shares of oil marketing companies and paint manufacturers ended lower on Monday amid a sharp rally in crude oil prices due to the deepening conflict in West Asia, which has entered its second week.Market analysts said that oil marketing companies came under pressure as...
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New Delhi, February 13 Mukesh Ambani's Reliance Industries Limited, a billionaire, has received a US general license to directly purchase Venezuelan crude oil, enabling India's largest private refiner to resume importing discounted heavy feedstock that aligns with its Jamnagar refinery...
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