Oil Marketing Companies
Price trends, demand-supply drivers and analysis for Oil Marketing Companies. Tracking 2 stories on Arth Vani.
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Latest on Oil Marketing Companies
Fuel Dealers Seek Government Reimbursement for E20 Quality Test Costs
Fuel retailers in India are urging the Petroleum Ministry and Oil Marketing Companies (OMCs) to cover the costs of mandatory E20 fuel quality checks. Dealers report significant financial losses as the current water-mixing test renders the fuel sample unusable, making them liable for the wasted product.
Global Oil Prices Slide Below $90: Relief for Indian Consumers and Oil Stocks
Brent crude prices have dropped by 5% following signals of a potential diplomatic breakthrough between the US and Iran. This price correction could help cool domestic inflation and boost the performance of Indian oil marketing companies.
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