Petroleum Sector News - Latest Updates & Headlines
Historic Day Hardeep Singh Puri lauds clearing of Oilfields (Regulation and Development) Amendment Bill 2024 in LS
New Delhi, March 12: In a major development in Parliament, the Lok Sabha passed the Oilfields (Regulation and Development) Amendment Bill 2024 on Wednesday.
OMCs face near-term pressure amid absence of budgetary support for under-recovery on LPG
New Delhi, February 4: Oil Marketing Companies (OMCs) are likely to face near-term challenges due to multiple factors, including no budgetary support for LPG under-recovery, weak Singapore Benchmark Gross Refining Margins (GRM), and declining integrated margins on auto fuel, according to a report by Dolat Capital.