scorecardresearch
Add as a preferred source on Google
Saturday, August 1, 2026
TopicOMC

Topic: OMC

OMCs losing Rs 600-700 cr daily despite LPG price hike, diesel under-recovery at Rs 30 a litre

Difficult to assess any substantial impact of price hike as Saudi Contract Price benchmark for LPG continues to remain elevated due to strong demand, says a senior official.

Govt fixes ATF sale price at Rs 115 litre under new price stabilisation scheme to shield airlines

Carriers joining the fuel stabilisation scheme will buy ATF at predetermined rates backed by a Rs 10,000-crore fund approved by Union Cabinet, says civil aviation ministry.

Oil marketing firms losing Rs 650 on every LPG cylinder, Rs 30 per litre on domestic jet fuel

Govt says shipping services from East of Hormuz & Red Sea have nearly doubled since start of conflict. Despite PM's call for more use of public transport, no major change in petrol & diesel usage.

After 4 rounds of fuel price hike, oil marketing companies still ‘losing around Rs 600 cr each day’

Petroleum ministry says profits earned by oil firms last year could be wiped out within a quarter as under-recoveries still very high.

Petrol, diesel prices hiked by Rs 3 per litre as Centre moves to ease OMC losses

The hike comes amid soaring global energy costs, with government citing mounting under-recoveries and fiscal pressure on state-run oil firms

On Camera

Ajinkya Rahane’s farewell closes the chapter on India’s greatest Test generation

Ajinkya Rahane was at the heart of India's rise under Kohli and Shastri. Nowhere was his understated value more immortalised than during the 2020–21 Border-Gavaskar Trophy.

Despite PM Modi’s appeal to cut fertiliser use, farmers show no sign of scaling back—Parliament data

Combined sales of urea, DAP, MOP and complex fertilisers rose 25 percent in April even as Modi asked farmers to cut chemical fertiliser use by up to half to save soil and foreign exchange

In Delhi, an emotional farewell to former Army chief Gen VN Sharma with full state honours

The three service chiefs paid tributes, along with several former Army chiefs. Friends & fellow soldiers remember him as a 'natural charmer'.

India’s Gen Z has opened a breach, for BJP to fill or Opposition to widen

The young people broke the self-imposed silence among the elite not to speak a word critical of the Modi government, except to whisper on the sidelines, looking left, right and behind.