Fuel Retailers

Barring Indian Oil Corp, which gained over 4%, the other two oil marketing companies, BPCL and HPCL, trade with negative returns on YTD basis and have immensely underperformed benchmark indices

With domestic production targets slipping, India needs to buy record quantities of the world's most polluting fuel at a time when prices are rising

quasi-administered price regime and the imposition of Universal Service Obligations is complicating their business plans

With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses, which are as high as Rs 17.1 per litre on petrol

Demand destruction led by Covid-19 and the EV push, cutback in retail prices could end up making the business of running fuel stations unviable

The three fuel retailers kept petrol and diesel prices unchanged for a record 137-days between November 2021 and March 2022 despite a nearly USD 27 per barrel rise in crude oil prices

State-run refiners, which control over four-fifths of India's fuel market, are walking a tightrope again, trying to balance the interests of consumers, govt and their own

India imports more than 90% of its sunflower oil from Russia and Ukraine, though sunflower oil accounts for about 14% of its total edible oil imports.

Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays, says the ratings agency

These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility

The retail prices of petrol and diesel rose by a sharp 35 paise and 28 paise per litre on Tuesday to touch new high of Rs 98.81 and Rs 89.18 per litre respectively in Delhi

Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease burden.

BP Group chief executive Bernard Looney said his firm in partnership with Reliance will set up 5,500 retail sites for petrol and diesel; also offer mobility solutions like EV charging facility

The consumption of petrol and diesel in the state has fallen sharply to about 1.2 million litres from 5.5 million litres

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Worried about the safety of their staffers, more than 58,000 fuel retail outlets across India have decided to decline refills for those customers who are not ready to wear masks

The country's petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and ATF demand fell

The fuel prices across the country seem to be stable since past one week due to the coronavirus outbreak

The government expects more private players, including foreign players, to invest in retail fuel marketing

With upsides to growth via retail outlets now capped, private oil companies might look to further increase their share of the bulk diesel category, which uses the render process for procurement