Page 6 - Omcs
Daily pricing to improve OMCs' marketing margins
The Street considers the daily pricing of diesel and petrol a positive step for oil-marketing companies (OMCs) because it can boost their marketing margins. While the pilot project on daily pricing for diesel and petrol is said to start next month, it will gradually be expanded to cover the entire country. Analysts at Jefferies say that the move should raise confidence over the sustainability of deregulation and is a positive as far as the outlook for marketing margins is concerned. It is not surprising then that the stock prices of Bharat Petroleum Corporation and Indian Oil Corporation (IOC) hit fresh 52-week highs on Thursday while the Hindustan Petroleum Corporation scrip trades near its yearly highs.While the OMCs have been reviewing prices every fortnight, daily pricing decisions are more beneficial. It can help OMCs pass on any hikes (depending on crude oil prices or rupee movement) on a daily basis and customer acceptance will be better. Also it will help the distribution ...
 "Daily pricing to improve OMCs' marketing margins")
IOC, BPCL, HPCL gain up to 3% ahead of board meeting on interim dividend
In January 2017, HPCL had declared an interim dividend of Rs 22.50 per share
 "IOC, BPCL, HPCL gain up to 3% ahead of board meeting on interim dividend")
OMCs gain on hike in fuel prices
IOC, BPCL and HPCL were up 1% to 2% on the BSE in intra-day trade.
 "OMCs gain on hike in fuel prices")
OMCs eye over 50% of retail sales in cashless mode by March
BPCL has installed PoS machines at all its filling stations in Mumbai
 "OMCs eye over 50% of retail sales in cashless mode by March")
OMCs gain on fuel price hike
IOC, HPCL and BPCL were up between 2% and 3% as compared to 0.30% decline in the Sensex at 10:34 am
What will drive OMCs' next re-rating?
Improvement in marketing margins and momentum in demand for petroleum products augur well
 "What will drive OMCs' next re-rating?")
Political lubrication helps Guwahati
ONGC, Oil India pay disputed amount to Assam after state and Centre coordinate stands on Congress-era disputed legacy
Gas utilities, OMCs seen shining in June quarter
Lower gas prices to up volumes and margins of gas utilities as inventory gains drive OMCs in quarter
 "Gas utilities, OMCs seen shining in June quarter")
Oil firms claims subsidy of Rs 110,967 crore on LPG sales in past 3 financial years
The ratio of number of active consumers and number of households is 61.9%.
 "Oil firms claims subsidy of Rs 110,967 crore on LPG sales in past 3 financial years")
