Oil Marketing Companies Current Affairs, GK & News

Key Facts on Oil Bonds

The government issues oil bonds to compensate the oil marketing companies (OMCs) to offset the losses that are suffered by them with the aim of shielding consumers from rising crude oil prices. These bonds were issued by the government mainly from 2005 to 2010. Reasons for the issuance of oil bonds In lieu of cash, ..

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CCEA hikes ethanol procurement price for fuel blending

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has given its approval to increase price of ethanol procured by public sector oil marketing companies (OMCs) for one year starting December 2019. It also increased price of ethanol derived from C heavy molasses from Rs 43.46 a litre to Rs 43.75 ..

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