A day after the city faced acute Petrol shortage, the crunch somewhat eased on Tuesday with the re-opening of the Bharat Petroleum Corporation Limited (BPCL) depot. The BPCL depot was opened on the directives of the collector, according to official sources. The city was facing fuel shortage since May 23 after the Manmad Municipal Council sealed BPCL depot on Friday last after the public sector oil company failed to pay import-duty of Rs 23 crore. The city was facing fuel shortage since May 23 after the Manmad Municipal Council sealed the BPCL

The issue of increasing ethanol blend in petrol to 10%, from the current level of 5%, has once again fuelled protests from oil marketing Companies. While Bharat Petroleum Corporation (BPCL) says that ethanol quantity in domestic market would be insufficient, Indian Oil Corporation (IOC) is of the view that branded fuel shouldn't be supplied without ethanol blending.

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Sale of ethanol-blended petrol has turned more profitable for the oil marketing companies (OMCs) with the recent increase in petrol prices. Their margin on a litre of ethanol has moved up from Rs 7.90 per litre to Rs 12.43 since November when blending was reintroduced.

This also helps the OMCs

While the consumers are unhappy with the regular price rises in petrol and the Oil Marketing Companies (OMCs)

PETROL and diesel have become costlier by up to 50 paise a litre in the country, barring 13 cities, after India switched over to cleaner Euro-III fuel on September 22, eight days ahead of the schedule.

The transition to a higher grade fuel will also mark the end of the road for Euro-II compliant automobiles in the country from October 1, leading to a 2-5% increase in the prices of certain bra

Ajay Modi / New Delhi May 3, 2010, 0:35 IST

Rising losses due to sale of fuel products like petrol and diesel at government-controlled prices is not the only concern for public sector oil marketing companies (OMCs). These companies are faced with a sharply rising petrol and diesel consumption in tune with the economic recovery and improving industrial activity.

Ajay Modi / New Delhi April 13, 2010, 0:42 IST

The Petroleum and Natural Gas Regulatory Board (PNGRB) will resume hearing the case on petroleum product pricing between private oil companies and government oil marketing companies (OMCs).