Latest State-run oil marketing companies News & Updates

Petrol, Diesel Prices Hiked Again, Public Expresses Concern Over Financial Burden

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New Delhi, May 19 (IANS) As state-run oil marketing companies increased petrol and diesel prices for the second time in less than a week amid rising global crude oil prices, people across Delhi and parts of Uttar Pradesh on Tuesday expressed concern over the growing financial burden. In Delhi, a garment seller said the fuel price hike was creating difficulties for people dependent on daily earnings.“I work in the clothing business and sell garments on the streets. My livelihood depends on dail…

Oil Marketing Companies Increase Petrol and Diesel Prices Again

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New Delhi, May 19 (IANS) State-run oil marketing companies on Tuesday raised petrol and diesel prices for the second time in less than a week amid soaring global crude oil prices.Following the latest revision, petrol became costlier by 86 paise per litre and diesel by 83 paise per litre.In the national capital, petrol prices rose to Rs 98.64 per litre, while diesel prices increased to Rs 91.58 per litre.The increase comes days after oil firms raised petrol and diesel prices by Rs 3 per litre on …

Government Assures Adequate Supplies for Highway Construction Amid Logistics Disruptions

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New Delhi, March 9 (IANS) The government has assured highway construction companies that supplies of key raw materials such as bitumen, cement and diesel will remain adequate despite logistics disruptions linked to the US-Iran war, sources said.Citing sources, a report from NDTV Profit said that officials from the National Highways Authority of India met with members of the National Highways Builders Federation after contractors raised concerns about delays in truck movements and ship offloading…

Petrol and Diesel Prices in India Unlikely to Rise Immediately Despite Global Crude Oil Surge

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New Delhi, March 9 (IANS) Petrol and diesel prices in India are unlikely to be raised immediately despite global crude oil crossing $110 a barrel amid the escalating Middle East tensions.Government currently expects state run oil marketing companies (OMCs) to absorb the impact for now and pump prices of fuels will remain the same. OMCs may have to accept lower profits amid the spike in international oil prices, according to sources.West Texas Intermediate rose 27 per cent to $116 per barrel, whi…