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The Latest Breaking News from OMCs

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

The Times of India

Petroleum dealers urge OMCs to reduce fuel prices gradually

The Hindu

Auto gas prices see a hike of ₹3.04/litre, causing discontent among commuters and autorickshaw drivers

OMCs hike auto gas prices by ₹3.04/litre, total hike of ₹11/litre. Commuters & autorickshaw drivers shocked. No meters, drivers charge exorbitant fares. Passengers pay more than meter rate & wait longer for trips. Govt must step in to prevent situation from worsening.

The Hindu

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Petroleum dealers urge Centre to notify them in advance of any changes in fuel price

CIPD urges Centre to inform dealers in advance of any RSP reduction to prevent losses. Dealers have not had margin increase in 6 yrs & faced huge losses in Nov 2021 & May 2022. CIPD seeks compensation for losses & price protection to help industry.

The Hindu

Commercial LPG cylinder prices slashed by ₹158

OMCs reduce price of 19 kg commercial LPG cylinders by ₹158. Effective from today, Delhi retail price of 19 kg cylinder is ₹1,522. Centre reduced domestic LPG price by ₹200 on Aug 29. Prices revised monthly, with new rates effective from Sept 1. Prices reduced by ₹99.75 in Aug, ₹7…

The Hindu

LPG distributors in T.N. demand refund following reduction in price of refills

Cooking gas distributors in the State have urged the oil marketing companies to reimburse the amount they have lost due to the sudden price cut announced by the Union Cabinet

The Hindu

OMCs looking to establish 4,151 new fuel outlets in Tamil Nadu

The Hindu

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Over 6k fuel stations to open in Uttar Pradesh

LUCKNOW: IOCL, BPCL and HPCL, the leading PSU oil marketing companies (OMCs), are set to open 6,609 new fuel station across Uttar Pradesh.

The Times of India

Data | Why petrol prices in India have remained unchanged despite falling crude oil costs

Retail petrol prices have remained unchanged at the pump while the crude prices (Indian basket) have reduced by around $20/barrel

The Hindu

Tamil Nadu retail fuel outlets start to go dry

CHENNAI: Following Rajasthan, Andhra Pradesh and several other Indian states, retail fuel outlets in Tamil Nadu have also started to go dry.

The Times of India

Petrol pump dealers observe ‘No purchase day’

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The Hindu

'No purchase' by petrol pump dealers on Tuesday to demand higher commission

NEW DELHI: A petrol pump dealers' association will on Tuesday resort to 'no purchase of petrol and diesel' in protest against no increase in their commission by the oil marketing companies, but the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days.

The Times of India

Andhra Pradesh: Petrol outlets in Vizianagaram not buy fuel from OMCs on Tuesday

Dealers insisting on dynamic pricing system

The Hindu

Dealers say oil firms want them to curtail diesel, petrol sales

Retailers call on OMCs not to ration supplies; refiners say some dealers facing credit issues

The Hindu

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The Hindu

Dealers’ consortium expresses concern over rationing

Seek intervention by Oil Industry Coordinator on ‘diktat’

The Hindu

OMCs reduce fuel supply to petrol outlets in north Andhra, Godavari districts

BPCL has reportedly reduced supplies drastically in the last few days

The Hindu

High Court order a major relief to all companies: Minister

The court asked the OMCs to provide diesel to KSRTC buses at retail rates

The Times of India

Fuel demand boosts oil marketing companies' petroleum product sales: Fitch Ratings

NEW DELHI: Transportation fuel demand shows signs of improving to pre-pandemic levels from FY23 as visible from petroleum product sales for the OMCs (oil marketing companies) which increased between 8 per cent-11 per cent during the nine months ended December of fiscal 2021-22 from a year earlier as demand rebounded…

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