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Oil companies' losses down to Rs 600 cr per day following fuel price hikes
New Delhi, May 25 (PTI) The four rounds of petrol and diesel price hike, totalling about Rs 7.5 per litre, have trimmed the losses state-owned oil firms were incurring from selling fuel below cost to close to Rs 600 crore per day, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said […]
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timesofindia.indiatimes.com
Amid fuel price hikes, states urged to cut VAT
NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on…
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Fuel prices up 3rd time in 10 days, PSUs losing Rs 13/litre on petrol, Rs 38 on diesel
NEW DELHI: Public sector oil companies increased petrol and diesel prices by nearly 90 paise per litre on Saturday, the third hike since May 15, as they sought to partly offset…
