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Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Higher crude price to hurt state-owned oil firms: Icra

The rising crude prices could pose significant risks for the state-owned oil marketing companies (OMCs) if it continued.

1 Jan 2018 2:11 AM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Business

Petrol costliest in Mumbai at Rs 76.91 per litre

With new levy, total surcharge on petrol in Maharahstra has gone up to Rs 11, report says.

18 May 2017 12:38 PM IST

$\The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.$ Business

Daily change in petrol, diesel prices will benefit consumers

Under dynamic pricing model, OMCs will be able to reduce price risk arising out of fluctuations in crude.

8 April 2017 1:20 PM IST

Heads of prominent oil manufacturing firms in the country such as HPCL, IOC and BPCL have agreed to the scheme and issued circulars to dealers about it.

Business

OMCs plan to change petrol, diesel prices daily

Presently, leading Oil Marketing Companies change prices of diesel and petrol every fortnight.

7 April 2017 12:57 PM IST

Oil and gas is major contributor to countrys energy needs.

Business

State-owned OMCs to be merged into one entity

Decision would come in backdrop of country struggling to raise local oil production and imports about 80 percent of its...

2 Feb 2017 12:14 PM IST