omcs in A Sentence

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    But Oil Marketing Companies(Omcs) had then requested us to reconsider our decision.

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    During its initial launch the Omcs were asked to supply 5% ethanol blended Petrol.

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    The price at which Omcs sell petrol to dealers(petrol pumps) has been halved in two years.

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    PTI has accessed the communique sent by the oil marketing companies(Omcs) to the national carrier.

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    This year Omcs have floated tender for 266 crore litres of ethanol procurement to meet 10 percent blending target.

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    However, in Budget 2010-11, the government announced the discontinuation of oil bonds and that Omcs will be reimbursed in cash.

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    Under the EBP programme, the government has urged the oil marketing companies(Omcs) to target 10% blending of ethanol with petrol by 2022.

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    Omcs as on date have conducted 59,960 nos. of LPG Panchayats and safety clinics for education and awareness programs among PMUY beneficiaries.

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    Under the Ethanol Blending Programme, the Centre has asked oil marketing companies(Omcs) to target 10 per cent blending of ethanol with petrol by 2022.

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    Under the Ethanol Blending Programme, the Centre has asked oil marketing companies(Omcs) to target 10 per cent blending of ethanol with petrol by 2022.

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    The scheme shall be applicable for all the existing PMUY LPG connections who have taken loan for Stove and/ or first LPG cost from Omcs.

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    Public Sector Omcs have decided to start daily revision in RSP of Petrol and Diesel in the entire country with effect from 16th June, 2017.

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    It would also be great if the Omcs can try to witness some of the price burdens that the ultimate consumers have to bear in our nation.

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    Beneficiaries under Ujjwala scheme, who could not afford to make upfront payment for purchase of gas stove and first refill, were provided loan facility by the Omcs.

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    The Omcs(the three companies involved in the implementation were IOCL, BPCL and HPCL) designed and created robust logistics system needed for bottling and distribution of cooking gas cylinders.

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    As per the data available, about 70% of the PMUY customers have availed interest free loan facility provided by Omcs towards financing LPG stove and/or first LPG cost.

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    Residents of 38 more cities would soon be able to have diesel delivered at their doorstep as the three oil marketing companies(Omcs) plan to extend this service by March.

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    Thus, between 2005-10 to keep fiscal deficit under control, the government introduced oil bonds to reimburse Omcs so that domestic fuel prices did not shoot up with soaring crude oil prices.

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    The Omcs will take such land on lease from the government, will undertake necessary construction on the said land and will also be providing working capital loan for starting commercial operations.

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    Between 2005-09, the crude oil prices were showing an upward trend(See graph below), economies were in the midst of the global economic crisis and most importantly Omcs were facing huge under recoveries.

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    So far, India has been able to blend less than 4 per cent petrol with ethanol but because of better price offered by Oil Marketing Companies(Omcs), the industry feels that country will double the blending level.

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    Under the scheme, the Omcs Indian Oil, Bharat Petroleum and Hindustan Petroleum will pay biodiesel producers ₹51 per litre in the first year, ₹52.7 per litre in the second, and ₹54.5 per litre in the third year.

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    We do not rule out a possibility of moderation in marketing margins on auto fuels- a US$10/bbl rise in global crude and product prices may require Omcs to increase retail price of diesel and gasoline by ₹5-6/liter in the following fortnight?

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    After correcting for these static components, we find that the pass-through of international crude prices into pump prices is only around 66 per cent if Omcs pass the whole of international price increase on to the final consumers(sample pump pricing for Delhi is shown in Table 5).

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