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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 Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes may be unavoidable unless crude cools.
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6 prospettive sulla stessa storiaTimeline cronologica
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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…
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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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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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timesofindia.indiatimes.com
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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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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economictimes.indiatimes.com
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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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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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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OMCs still under-recovering Rs 750 crore daily on petrol, diesel and LPG: Govt
New Delhi: Oil marketing companies are under-recovering Rs 750 crore a day on the sale of petrol, diesel and domestic LPG cylinders below market prices, govt said on Monday.
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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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thenationalnews.com
India increases fuel prices for second time in a week as retailers face heavy losses | The National
Petrol and diesel to rise by nearly a rupee a litre, according to dealers