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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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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
$28 million in OMC profits could be wiped out—Petroleum Minister Puri; rules out fuel price hike
Speaking at Annual Business Summit organised by CII, Union Minister Hardeep Singh Puri also spoke about supply side disruptions, strategic fuel reserves and the push for piped gas.
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economictimes.indiatimes.com
Fuel price hike may become inevitable amid rising crude stress: MK Surana
India's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain global market. Industry veteran MK Surana warns of…
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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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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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dawn.com
India raises retail fuel prices for first time since Mideast war began
Diesel in Delhi will cost 90.67 Indian rupees per litre and petrol 97.77, reflecting increases of 3.4pc and 3.2pc, respectively.
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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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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.