India’s oil marketing companies (OMCs) could see operating profit rebound to Rs 1 lakh crore this fiscal, compared with an average of Rs 60,000 crore between fiscals 2017 and 2022 and thrice last fiscal’s low of Rs 33,000 crore. The rebound in the operating profit of oil marketers is set to ride on softer crude and improvements in credit metrics despite large capex, as indicated by an analysis of three OMCs rated by CRISIL Ratings, accounting for the entire sector.
Government-owned OMCs earn from two businesses: refining, where they earn a gross refining margin, which is the value of refined products at the refinery gate minus the cost of crude oil used to produce them; and marketing, where they earn a margin on petrol, diesel, and other petroleum products sold mainly through retail pumps. According to a Government response in Lok Sabha on July 27, 2023, the refining capacity of crude oil by Indian refineries is 253.92 million metric tonnes per annum (MMTPA). Official data of the Ministry of Petroleum and Natural Gas (MoPNG) suggests that the refining capacity of Indian refineries is projected to increase by about 56 MMTPA by the year 2028, Minister of State (MoPNG) Rameswar Teli informed the House.
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DELHI-NCR ENFORCES GRAP STAGE-3
It is a \"Serious issue\" that is affecting the school-going students as there has been an increase in the cases of cold and cough. - Dr Sahab Ram, Pediatrician
Delhi pollution plea in SC on Monday
The Supreme Court on Thursday agreed to urgently list on November 18, a plea seeking enforcement of measures to check pollution in the national capital after it was told that Delhi should not become the most polluted city in the world.
Online Classes for schools up to class 5: CM Atishi
Due to rising pollution levels, all primary schools in Delhi will be shifting to online classes, until further directions
Defamation suit: Delhi High Court issues summons to users who 'edited' ANI's Wikipedia page
The Delhi High Court in the case Wikimedia Foundation v. ANI & Ors observed and has issued summons to three individuals who allegedly edited the Wikipedia page of news agency Asian News International, ANI.
Calcutta High Court imposes 1,500 limit on attendees at BJP's rally in Howrah, expresses concerns over 'narrow stretch' of road
The Calcutta High Court in the case Arun Uday Paul Chowdhury-Vs-The State of West Bengal & Ors observed and has allowed a rally by the Bharatiya Janata Party in Kolkata's Howrah area, after permission had been refused by the police authorities.
DELHI HIGH COURT REJECTS INDERPAL GABA'S CHALLENGE TO NIA ARREST AND REMAND OVER PROTEST AT INDIAN HIGH COMMISSION IN LONDON
The Delhi High Court in the case Inder Pal Singh Gaba vs. National Investigation Agency observed and has rejected the petition of Inder Pal Singh Gaba, allegedly involved in the protest at the High Commission of India, London, United Kingdom, challenging his arrest by the National Investigation Agency, NIA and seeks for the release of him from custody.
Allocation of cases: Supreme Court notifies new subject-wise roster with effect from November 11
The Supreme Court of India has published a new roster of work, which is effective from November 11, 2024, after Justice Sanjiv Khanna became the Chief Justice of India, CJI.
Supreme Court: Right to shelter a facet of Article 21; state must satisfy why entire property needs to be demolished
The Supreme Court in the case In Re: Directions in the matter of Demolition of Structures and Ors laid down pan-India guidelines through its judgment in the 'bulldozer matter'.
Supreme Court: Compassionate appointment is not a vested right
The Supreme Court in the case Tinku v State of Haryana observed and has held that compassionate appointment is not a vested right which can be granted without any kind of scrutiny or undertaking a process of selection.
K'TAKA TO SET UP SIT TO PROBE COVID SCAM
Dalla is accused of multiple charges including murder, extortion, terror financing, targeted killings, and cross-border smuggling of drugs and weapons.
