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$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.

Raccontata daoilprice.comtheprint.ineconomictimes.indiatimes.comndtv.comm.economictimes.com

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6 prospettive sulla stessa storia
AI · summaries
theprint.inStai leggendo1 mesi fa

$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.

originale

Timeline cronologica

  1. martedì 12 maggio 2026·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.

  2. martedì 12 maggio 2026·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.

ndtv.com
1 mesi fa

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.

Leggi questa versione → originale
oilprice.com1 mesi fa

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.

Leggi questa versione → originale
thehindu.com1 mesi fa

Fuel supply safe: Oil Minister Puri announces LPG Production boost to 54,000 tonnes/day

Petroleum Minister Hardeep Singh Puri dispels fuel shortage fears, confirming India's domestic LPG production has been scaled up to 54,000 tonnes daily amid global tensions.

Leggi questa versione → originale
m.economictimes.com1 mesi fa

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 could still lose nearly Rs 500 crore daily…

Leggi questa versione → originale
economictimes.indiatimes.com1 mesi fa

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 high due to West Asia conflicts. Prime…

Leggi questa versione → originale
  • venerdì 15 maggio 2026·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…

  • venerdì 15 maggio 2026·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…

  • venerdì 15 maggio 2026·m.economictimes.com

    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…