BPCL likely to report better profits Q-o-Q in Q3 FY25
According to JM Financial, OMCs are likely to report a Q-o-Q improvement in EBITDA (on a low base) due to strong auto-fuel marketing margin, which is partly offset by LPG losses. Besides, improvement ...
Mint5d
Budget 2025: HPCL, IOC, BPCL shares fall over 5%; here’s why
The shares of state-owned Oil Marketing Companies (OMCs), including Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC ...
moneycontrol.com3d
OMCs decline as Budget omits LPG under-recovery compensation
Oil marketing companies (OMCs) saw a decline on February 3 after the government refrained from announcing any compensation for under-recoveries on Liquefied Petroleum Gas (LPG). Analysts believe ...
Indian Oil posts smaller-than-expected profit on lower margins, losses in LPG
Indian Oil Corp (IOC), the country's top refiner, reported a smaller-than-expected third-quarter profit on Monday, hurt by ...
moneycontrol.com9d
Budget 2025-26| Indian Oil expects govt compensation as LPG under-recovery hits Rs 14,325 cr: Chairman
In India, LPG prices are government-administered and sold at subsidised rates as well under the Pradhan Mantri Ujjwala Yojana (PMUY) scheme by state-owned oil refiners. IOCL, Bharat Petroleum ...
Budget 2025: HPCL, IOC, BPCL shares fall over 5%; here's why
Budget documents indicated that the LPG subsidy for the financial year 2025 was allocated at ₹14,700 crore, but this amount ...
Tempo14d
India's Bharat Petroleum to Invest $121 mln to Develop Indonesian Oil and Gas Block
BPCL's Q3 profit was affected by lower marketing margins and losses from liquefied petroleum gas (LPG) sales. The company's revenue loss on LPG sales below market rates amounted to about 72.29 billion ...
Mint15d
Indian refiner BPCL’s Q3 profit misses estimates on lower margins, LPG losses
(Reuters) - India's Bharat Petroleum Corp Ltd (BPCL) reported a lower-than-expected third-quarter profit on Wednesday, due to lower marketing margins and losses in its liquefied petroleum gas (LPG ...
Reuters10d
Indian Oil posts smaller-than-expected profit on lower margins, losses in LPG
Last week, HPCL and BPCL reported a smaller-than-expected profit growth for the third quarter, hurt by lower marketing margins and losses in the LPG segment. Global crude oil prices rose 4% in the ...
The Telegraph5d
Commercial LPG rate down Rs 7 per cylinder, aviation turbine fuel price hiked by 5.6%
The price of Jet fuel, or ATF, on Saturday was hiked by a steep 5.6 per cent while the rate of commercial LPG that is used in hotels and ... State-owned Indian Oil Corporation (IOC), Bharat Petroleum ...
Zee Business28d
Government to give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
This is because domestic LPG production is not sufficient to meet the local demand and the fuel has to be imported. This leads to under-recoveries and consequent losses to the fuel retailers.