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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 […]

Raccontata datheprint.intimesofindia.indiatimes.comeconomictimes.indiatimes.come.vnexpress.netnewsbytesapp.comthehindubusinessline.comhindustantimes.comthehindu.com

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

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…

originale

Timeline cronologica

  1. sabato 23 maggio 2026·theprint.in

    Petrol, diesel prices hiked by up to 91 paise; rates jump nearly Rs 5/litre in less than 10 days

    New Delhi, May 23 (PTI) Petrol and diesel prices were raised by 87-91 paise per litre on Saturday, taking the cumulative increase in retail fuel rates to nearly Rs 5 a litre in…

  2. sabato 23 maggio 2026·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…

newsbytesapp.com
1 mesi fa

Oil firms losing ₹600cr daily despite recent price hikes

India's state-run oil companies (IOC, BPCL, HPCL) are bleeding ₹600 crore/day despite four retail price hikes in May, while the Centre loses ₹14,000 crore/month in excise revenue from duty cuts meant to cap pump prices. Sustained crude volatility will pressure India's fiscal deficit and current account balance, with downstream exposure hitting logistics and supply chain costs across sectors.

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economictimes.indiatimes.com1 mesi fa

Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cash

Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barrel. Despite recent price hikes, government reluctance to reverse duty cuts and…

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

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 mounting losses from selling fuels below…

Leggi questa versione → originale
thehindu.com1 mesi fa

OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government

Government reports OMCs absorbing ₹550 crore daily losses amid global disruptions, urging citizens against panic-buying of fuel.

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hindustantimes.com1 mesi fa

Petrol crosses ₹100 in Delhi after fourth fuel price hike in two weeks

Petrol and diesel have become costlier by ₹7.35 and ₹7.53 per litre, respectively, since May 15. | India News

Leggi questa versione → originale
  • sabato 23 maggio 2026·timesofindia.indiatimes.com

    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…

  • domenica 24 maggio 2026·economictimes.indiatimes.com

    Strike three: Fuel prices hiked by 90 paise as oil remains on the boil

    State-run oil companies have increased petrol and diesel prices by approximately 90 paise per litre, with CNG also seeing a ₹1 per kg hike. This follows a cumulative rise of…

  • lunedì 25 maggio 2026·theprint.in

    Petrol, diesel prices raised by Rs 2.61-2.71; hikes top Rs 7.5/litre within two weeks

    New Delhi, May 25 (PTI) Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms…

  • lunedì 25 maggio 2026·e.vnexpress.net

    Indian retailers raise fuel prices a fourth time to rein in losses - VnExpress International

    India's state-owned fuel retailers increased diesel prices by 2.71 rupees (US$0.0283) per liter and petrol by 2.61 rupees, dealers said on ‌Monday, the fourth hike in May to…

  • lunedì 25 maggio 2026·theprint.in

    Petrol, diesel prices hiked for 4th time in 2 weeks. This won’t be the last

    Govt has attributed hikes to mounting losses suffered by public sector OMCs, which are collectively losing around Rs 750 cr a day. Oppn accuses Modi of waiting till after polls to…

  • lunedì 25 maggio 2026·theprint.in

    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…

  • lunedì 25 maggio 2026·newsbytesapp.com

    Oil firms losing ₹600cr daily despite recent price hikes

    India's state-run oil companies are incurring daily losses of Rs 600 crore despite multiple retail fuel price hikes, driven by persistently high global crude oil prices.

  • lunedì 25 maggio 2026·thehindubusinessline.com

    Centre loses Rs 14,000 crore after petrol, diesel excise duty cut

    The Centre has forgone nearly Rs 14,000 crore in tax revenue after cutting fuel excise duty amid rising crude oil prices linked to the West Asia crisis.

  • lunedì 25 maggio 2026·theprint.in

    After 4 rounds of fuel price hike, oil marketing companies still ‘losing around Rs 600 cr each day’

    Petroleum ministry says profits earned by oil firms last year could be wiped out within a quarter as under-recoveries still very high.

  • lunedì 25 maggio 2026·economictimes.indiatimes.com

    OMCs hike fuel prices, this time by ₹2.7 a litre

    State-run oil marketing companies have increased petrol and diesel prices by about ₹2.7 per litre, marking the fourth hike in 11 days and pushing the total rise to around ₹7.5–8…

  • martedì 26 maggio 2026·hindustantimes.com

    Petrol crosses ₹100 in Delhi after fourth fuel price hike in two weeks

    Petrol and diesel have become costlier by ₹7.35 and ₹7.53 per litre, respectively, since May 15. | India News

  • mercoledì 27 maggio 2026·economictimes.indiatimes.com

    Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cash

    Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barrel. Despite recent price hikes,…

  • mercoledì 27 maggio 2026·thehindu.com

    OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government

    Government reports OMCs absorbing ₹550 crore daily losses amid global disruptions, urging citizens against panic-buying of fuel.

  • giovedì 28 maggio 2026·timesofindia.indiatimes.com

    Fuel price hike and OMC profits: Are India’s oil firms really making windfall gains?

    In recent days, petrol and diesel prices have gone up by around Rs 7.5 per litre, increasing daily costs for consumers. This has once again sparked a familiar debate, are oil…