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State-owned fuel retailers in India are losing ₹600 crore daily, with government revenue impacted by ₹14,000 crore monthly due to duty cuts.
SENSEX 76,488.96
+ 1,073.61
NIFTY 24,031.70
+ 312.40
CRUDEOIL 8,680.00

Oil firms losing ₹600cr daily despite recent price hikes

Why Modi government is staring at ₹1L crore revenue hit

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For 3rd time in 8 days, India raises diesel and petrol prices

India's state-run oil companies are incurring daily losses of Rs 600 crore despite multiple retail fuel price hikes, driven by…

India adjusts export duties: raises petrol duty to 3 rupees, cuts diesel to 16.5 rupees, and aviation fuel to 16 rupees.

Petrol and diesel prices were raised by ₹2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as…

The Centre has forgone nearly Rs 14,000 crore in tax revenue after cutting fuel excise duty amid rising crude oil prices linked…

India's diesel demand is shifting to PSU retail pumps, with ample fuel supplies available, assures the Ministry of Petroleum.

Finance Minister Nirmala Sitharaman announced that reducing excise duties on petrol and diesel will lead to a ₹1 lakh crore…