Page 7 - Oil Marketing Companies

HPCL most vulnerable to falling refining margins; RIL best placed

A higher diesel spread means refiners will see better GRMs as compared to the benchmark

Govt's ethanol-blending policy needs stimulus to adhere to 2022 timeline

The policy, which could be a viable and long-term answer to the cyclicality in the sugar sector

BPCL stake sale a test case for Modi govt's second shot at privatisation

Here are some of the issues on the table

Oil firms need 40% more ethanol than sugar mills' installed capacity

The gap is expected to be met by non-sugarcane sources like wheat and corn

Heavy flooding to bring down sugar output by 20% to 26 mn tonnes in 2019-20

Ethanol is disrupting the traditional sugarcane value chain and could be a viable option to hedge the sugar sector from seasonal fluctuations and export market shocks

Fuel retail: Job half done

Transparent pricing regime should be the next step

Ethanol blending: UP govt distilleries to supply 53 million litres to OMCs

State-controlled cooperative federation to invest Rs 160 crore on ethanol roadmap

IHB to raise Rs 6,700 crore to complete Kandla-Gorakhpur LPG pipeline

The project, being executed at a capital cost of Rs 10,000 crore, will be funded with Rs 6,730 crore of debt and Rs 3,360 crore of equity

Saudi drone strikes: Oil price surges, but govt plays down supply concerns

No supply disruption, says Pradhan; OMCs see margin impact if situation persists

OMCs bounce back to sweet spot as crude oil prices slip, GRMs improve

Declining crude oil prices, improving GRMs, and firm marketing margins make them attractive after sharp correction

OMCs in a sweet spot with declining crude prices, better refining margins

Firm marketing margins add to their fortunes, making them attractive post a sharp 30% correction from early-June highs

Air India owes Rs 5,000 crore in dues, didn't pay for 2 years: Oil firms

National carrier cancels one flight, reduces load on seven others after OMCs pare supplies at six airports

Fuel supply to Air India stopped at six airports due to non-payment

The airports where the fuel supply was stopped by the state-owned OMCs at around 4 pm are Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Mohali

Used cooking oil may fuel cars as OMCs look to procure biodiesel

Several food chains - including McDonald's, KFC, Burger King, and Haldiram - have started supplying to bio fuel firms

Govt plan of opening over 78,000 petrol pumps is uneconomical, says Crisil

In November last year, PSU oil marketing companies advertised to open 78,493 more petrol pumps in the country. This on top of 64,624 fuel retail outlets currently operating in the country

Tax dept, OMCs locked in dispute over excise duty, oil firms served notice

The matter will be taken up by the concerned adjudicating authority, according to officials in the know

Rising under-recoveries to hit OMC profit even as crude prices rise: Report

In fiscal 2019, profitability of OMCs was hit as their average gross refining margin (GRM) declined by a third to $5.3 per barrel from $7.9 in fiscal 2017-18

State-owned oil companies move poll panel to allot 31,800 new fuel outlets

Ahead of announcement of poll schedule on March 11, the companies had already initiated the process by issuing LoIs to successful bidders for 2,579 locations on February 21

Oil PSUs retune brands to millennial mode, step up digital media presence

IOC, HPCL, BPCL engage with causes and products that appeal to the young environmentally aware consumer

Easier ECB rules: OMCs look to raise $1.4 billion in first tranche

On October 3, the RBI allowed the OMCs to raise dollars directly from overseas markets without a need for hedging