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Fuel hike not enough to offset all losses, oil stocks fall further
In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn't compensate for the rising crude oil prices, leaving experts calling for further alterations in pricing. Investors are advised to hold tight until market indicators become more distinct. The persistent geopolitical climate is keeping oil prices robust, creating challenges for company profitability.
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6 prospettive sulla stessa storiaTimeline cronologica
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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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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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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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thehindubusinessline.com
Fuel price hike weighs on OMCs, paint stocks
Shares of oil marketing companies and paint manufacturers declined up to 3% in early trade on Friday after petrol and diesel prices were increased by Rs 3 per litre across the…
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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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timesofindia.indiatimes.com
Oil stocks slide as price hike fails to offset losses
MUMBAI: Despite a hike in retail fuel prices for petrol and diesel, stocks of oil marketing companies (OMCs) were deep in the red as market players said the price hike was not…
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Fuel hike not enough to offset all losses, oil stocks fall further
In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn't compensate for the rising crude oil prices, leaving 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…
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Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss
Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil…
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hindustantimes.com
OMCs still losing ₹750 crore a day: Govt
The losses are on account of an increase in the price of crude oil -- up 51% between February 28, when the US-Israel attack on Iran began, and Monday. | Business News
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Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?
Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90…