The Economic Times (India)
중도 성향
기타
"OMCS" · 총 13건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 83,424건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,406건(5.3%)·중립 76,874건(92.1%)·부정 2,144건(2.6%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 15.3(중도 균형)입니다.
Centre says OMCs lose ₹700 on every LPG cylinder despite the latest hike, while cooking gas remains cheaper in India than in Pakistan and Bangladesh.
Finance committee flags fuel price impact, inflation concerns amid U.S.-Iran tensions, seeks detailed government response
The one-time budgetary support of ₹10,000 crore will allow Oil Marketing Companies (OMCs) to provide Aviation Turbine Fuel (ATF) at stable prices to airlines.
The Union Cabinet on Wednesday approved Aviation Turbine Fuel (ATF) Price Stabilisation Fund of Rs 10,000 crore which will be made available for domestic and international operations.
Fuel prices were unchanged today on Wednesday, 3 June. The last fuel price hike was on Monday, 25 May, when oil marketing companies (OMCs) hiked both petrol and diesel prices by more than ₹2.50 per litre.
Fuel prices remained largely unchanged on Tuesday, 2 June. The last fuel price hike was on Monday, 25 May, when oil marketing companies (OMCs) increased both petrol and diesel prices by over ₹2.50 per litre.
• OCAC demands urgent meeting with PM, seeks his intervention • Calls for release of Rs66bn in withheld PDCs; urges Ogra to settle all claims by June 8 • Labels Level-3 EV charger mandates impractical without wide adoption ISLAMABAD: The country’s oil industry has protested the slow disbursement of their price differential claims (PDCs) against cheaper petroleum product supplies to consumers in early days of US-Iran war and proposed tax on windfall inventory gains in the coming budget. In a letter to the prime minister, Oil Companies’ Advisory Council (OCAC) — a cartel representing around three dozen oil marketing companies and refineries — demanded an urgent meeting on oil industry’s pressing challenges. OCAC Chairman Asif Iqbal said the meeting of leadership of top 10 oil industry players with the prime minister was crucial to discuss the critical issues that are adversely impacting the financial sustainability of the downstream petroleum sector. “The oil industry is currently facing acute liquidity constraints and growing financial pressures owing to delayed recoveries, rising operating costs, increasing compliance requirements and policy uncertainties,” Mr Iqbal wrote to the prime minister, urging timely policy intervention for stability. The OCAC chief said the outstanding PDCs worth about Rs54 billion had been released to the industry, while outstanding claims of around Rs66bn still remained pending. “The prolonged delay in settlement of these claims has severely impacted cash flows and resulted in a significant liquidity crisis for OMCs,” he said adding that despite extensive verification through internal and external audits, only a portion of the verified claims had been disbursed so far. The OCAC demanded that Oil & Gas Regulatory Authority (Ogra) be directed to facilitate the release of all outstanding claims by June 8 in order to provide much-needed relief to the industry. Next, the oil industry agitated against the proposed taxation in the coming budget on inventory gains retained by it as prices maintained a rising trend. It said a high-powered committee had reportedly been constituted to review the cross-subsidy mechanism and examine the possible recovery of inventory gains arising from fluctuations in international oil prices. While supporting the review in theory, the industry demanded that the review be conducted with fairness and consistency. Under the prevailing policy directive, OMCs are required to maintain a mandatory stock cover of 20 days; therefore, any mechanism addressing inventory gains must also equitably recognise inventory losses under the same principle, in the event of adverse price movements. The OCAC raised the issue of marketing margins unchanged for almost three years. It said the revisions are pending since September 2023 despite rising costs and inflation. This erosion of margins has worsened financial challenges and limited investment in essential infrastructure. The OCAC requested the PM’s help to create a fair and predictable annual margin adjustment mechanism for sector sustainability. The federal cabinet had tied increased marketing margins for OMCs and dealers to digitising product stocks for online visibility to prevent hoarding and misreporting, but this process is still incomplete. After that, the OCAC noted that mandatory installation of Level-3 fast EV chargers at petrol stations involves high costs and isn’t viable without widespread EV use, affordable manufacturing and supporting infrastructure. Moreover, the industry stated that requiring K-Forms (clearance for explosive safety) for new retail outlets to include EV charger installation was hindering retail network growth. This condition caused delays in opening completed outlets, discouraged investments in new sites, diverted funds from crucial infrastructure and posed a risk of stranded assets. It demanded a corresponding marketing margin support and a commercially viable framework to facilitate the effective implementation of such initiatives. Published in Dawn, June 1st, 2026
New Delhi: The price of 19-kg commercial LPG cylinders has been increased from June 1, raising input costs for hotels, restaurants and other commercial establishments, while domestic cooking gas rates have been left unchanged, according to industry sources.In Delhi, the price of a 19-kg commercial LPG cylinder has been raised by Rs 42 to Rs 3,113.50. In Kolkata, the increase is steeper at Rs 53.50, taking the retail price to Rs 3,255.50.The price revision comes amid heightened efforts by the government and oil marketing companies (OMCs) to strengthen fuel security and ensure uninterrupted availability of petroleum products across the country.Also read | Refiners adjust to new crude mix as Hormuz crisis tightens supplyIndustry sources said the price of 5-kg Free Trade LPG (FTL) cylinders has also been increased by Rs 11. Following the revision, a 5-kg FTL cylinder will cost Rs 821.50 in Delhi. The revised rates came into effect on June 1.There has been no change in the price of domestic LPG cylinders, providing relief to household consumers at a time when global energy markets continue to remain volatile.The latest revision follows the government's assurance that adequate stocks of petroleum products are available and that there is no shortage of LPG, petrol or diesel in the country.Speaking at an inter-ministerial briefing on Friday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said the government is working to bolster energy security through strategic reserves and enhanced inventory management.She said OMCs have been advised to maintain a minimum LPG reserve equivalent to 30 days of consumption and that efforts are underway to strengthen crude oil reserves as well.Also read | India cuts export duties on petrol, diesel and aviation turbine fuelAccording to Sharma, all refineries are operating at optimum levels and domestic LPG production has reached record highs. She said inventories of key fuels remain comfortable and no instances of LPG distributors running dry have been reported.At the same time, authorities have observed unusual spikes in fuel sales in several regions. While part of the increase is attributed to seasonal agricultural demand, bulk purchases have also contributed to higher offtake.Government data showed overall fuel sales growth exceeding 30%, with 14 districts recording more than 100% growth in petrol sales. In contrast, six districts witnessed a decline of about 38% in sales by OMCs.To prevent diversion and hoarding, enforcement agencies have intensified inspections. Over the past four days, around 6,500 raids were conducted involving LPG distribution networks, resulting in multiple FIRs and arrests. Separate inspections at retail fuel outlets led to the seizure of significant quantities of petrol and diesel, along with legal action against violators.Sharma said domestic refineries are currently producing around 50-52 thousand metric tonnes of LPG per day against demand of about 72 thousand metric tonnes, with the balance being met through imports. She added that the backlog in LPG supplies has narrowed to around 4.5 days, indicating an improvement in distribution efficiency.The increase in commercial LPG prices is expected to have a bearing on operating costs for eateries, catering businesses and other commercial users, even as household consumers remain insulated from the latest revision.
The govt has largely attributed the sudden rise in demand to the onset of the agricultural season, shifting demand from private OMCs to state-owned, and bulk consumers increasingly turning to retail pumps amid a price differential.
Officials stated that India’s domestic production of LPG presently stands at about 72,000 metric tonnes per day.
Petrol pump owners report dwindling supplies and long queues as demand peaks due to farming activity; some impose curbs on sale fearing supply disruption; OMCs assure public of “normal operations with steady fuel availability”, advise against hoarding