Oil Marketing Companies (OMCs) Archives

Oil Marketing Companies Showcase Stellar Financial Performance Amidst Challenges

Bureau The News HashtagMay 10, 2024May 10, 202403 mins

New Delhi: Despite grappling with dynamic geopolitical shifts and volatile crude oil prices, state-owned oil marketing companies (OMCs) have emerged victorious, delivering a stellar financial performance in the fiscal year 2023-24. The OMCs not only ensured the availability of fuel at affordable rates, maintaining one of the lowest fuel price inflations globally in India, but…

State-Run Oil Companies Slash Petrol and Diesel Prices Ahead of Elections

Bureau The News HashtagMarch 15, 202404 mins

New Delhi: As the General Election for Lok Sabha knocks at the door, state-run Oil Marketing Companies (OMCs) have announced a significant reduction in petrol and diesel prices by Rs 2 per litre, effective from 6 am on March 15, in a move set to bring relief to millions of consumers across the nation.