MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing … Read more
Stocks of oil marketing companies (OMCs) witnessed up to 8% decline on Friday following a Rs 2 per litre cut in prices of petrol and diesel, the first in nearly two years. The decision came ahead of the model code of conduct that is likely to kick in shortly. The top loser was Hindustan Petroleum … Read more
Russia’s military operation against Ukraine sent the global oil markets in a tizzy as Brent crossed the $100 mark after almost eight years. For the India consumers, the short respite in local fuel prices could soon be over as the blowback from Putin‘s actions could sink their household budget. The pause in fuel price hikes … Read more