Profit of oil companies will decrease in FY25 as refining margin drops

May 22, 2024

The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners...

Higher marketing margins led to over 4.8 times hike in FY24 net profit of Indian Oil Corporation

Apr 30, 2024

Sources told ANI, "Three oil companies IOC, BPCL and HPCL has met a combined net profit of Rs 1.35 lac crores in FY 2023-24."

Oil marketing companies' FY24 combined profit rose over 25 times YoY

May 10, 2024

According to the Ministry of Petroleum and Natural Gas, the combined profit of OMCs for FY 2023-24 stood at Rs 86,000 crore, over 25...

"No control on looting by Modi government": Congress Chief slams centre over prices of crude oil

Jan 04, 2024

In a post on X, the Congress chief claimed that oil companies in the country are earning Rs 8 to Rs 10 profit from...

OMCs' operating profit to drop by 30% in FY25 amid diesel spread softening: Crisil reports

Oct 27, 2024

Oil marketing companies (OMCs) will see operating profit drop to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal,...

Equity indices in the green but oil marketing firms lose

May 06, 2020

Mumbai (Maharashtra) [India], May 6 : Equity benchmark indices wobbled during early hours on Wednesday amid mixed global cues but profit booking was seen...