OMC

Around 70,000 outlets participated in this protest. Petrol pump dealers across 24 states will not be purchasing diesel and petrol from oil companies as a sign of protest against dealers' commission which has not been revised since a…

Rs 17,000 Crore: Loss Of IOC, BPCL, HPCL Due To Petrol, Diesel Price Freeze (Moody's Research) India’s fuel companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation (HPCL) collectively…

Crude oil directly affects India's retail price inflation as it jacks up the transport fuel prices. The government may once again cut excise duty on petrol and diesel in order to check the probable spike in prices of commodities. …

The government will sell the entirety of its 52.98% stake in BPCL. The government will now allow 100% foreign investment in oil and gas PSUs under the automatic route. Expanded Scope This applies to oil and gas PSUs which have…