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Oil Companies Losing Rs 1,600 Crore Daily. Will Rs 3 Petrol Hike Be Enough?
OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month after the governemnt cut central excise taxes to ease burdens.
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6 prospettive sulla stessa storiaTimeline cronologica
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oilprice.com
Modi's Fuel Price Freeze Is Costing State Retailers Billions | OilPrice.com
India’s oil minister warned state fuel retailers are losing up to ?1,000 crore a day selling below market prices and the situation may not be sustainable.
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theprint.in
Petrol, diesel prices hiked by Rs 3 per litre as Centre moves to ease OMC losses
The hike comes amid soaring global energy costs, with government citing mounting under-recoveries and fiscal pressure on state-run oil firms
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economictimes.indiatimes.com
HPCL, BPCL and IOC shares slide up to 3% after petrol, diesel price hike
Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain…
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ndtv.com
Oil Companies Losing Rs 1,600 Crore Daily. Will Rs 3 Petrol Hike Be Enough?
OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month after the governemnt cut central excise taxes to ease…
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m.economictimes.com
Yogesh Patil decodes why petrol, diesel prices may rise further
India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a…
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The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike
Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs…
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timesofindia.indiatimes.com
Fuel prices today: Centre raised petrol, diesel prices by Rs 3 after weeks of no change - key details
NEW DELHI: Petrol and diesel prices were hiked by Rs 3 per litre each on Friday after state-run oil companies faced mounting losses due to a sharp rise in global crude oil prices…
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India Raises Fuel Prices for the First Time in Four Years | OilPrice.com
India has raised gasoline and diesel prices for the first time in four years as Middle East supply disruptions, soaring crude costs, and rising inflation intensify pressure on the…
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thehindubusinessline.com
Petrol, Diesel Price Hike Highlights: Opposition flags inflation concerns as Centre raises petrol, diesel prices. Would there be more hikes…
Petrol, Diesel, CNG Price Hike Highlights: The oil marketing companies (OMCs) have raised the retail prices of petrol and diesel by around ₹3 per litre and compressed natural gas…
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bdnews24.com
India raises retail fuel prices for first time since Iran war started
The latest adjustment marks a rare shift after a long period of steady rates
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dw.com
India hikes petrol, diesel prices as economic woes mount
For the first time in four years, Indian fuel retailers have increased the prices of petrol and diesel. Analysts warn this could be the first of many hikes.
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Petrol, diesel price: Why were fuel rates raised now & are more hikes likely in coming days?
A hike in petrol and diesel prices has been in the offing for some weeks now, and hence today’s Rs 3 per litre raise comes as no surprise. This is especially true since there is…
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Petrol, Diesel Prices up Rs 3/litre As Govt Balances Crude Shock, OMC Stress And Inflation Risks
The government raises petrol and diesel prices by Rs 3/litre amid global crude price surge and inflation concerns.
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hindustantimes.com
Petrol, diesel retail prices hiked by ₹3 per litre as US-Iran war bites
India saw its first retail fuel price revision as the West Asia conflict drives international crude to multi-year highs. | India News
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Four years of frozen fuel prices end as Iran war bites: India raises petrol, diesel by Rs 3/litre but oil firms say it's not enough
Fuel prices have increased by Rs 3 per litre for petrol and diesel. This is the first pump price hike in four years. The move aims to reduce losses for oil companies. However, it…
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Will petrol and diesel prices rise again? Fuel hike may be just the first of several increases, say experts
Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts…
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Fuel price hike: Can Centre shield OMCs with Rs 3 cushion, or will rupee flip the script?
The government on Friday raised fuel prices in the country, in an effort to soften the blow on oil marketing companies, as global crude soared beyond $100 while retail prices…