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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 fiscal pressures mean OMCs are absorbing the pain, potentially impacting non-defence capital expenditure.
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6 prospettive sulla stessa storiaTimeline cronologica
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thehindubusinessline.com
OMC stocks rally 5.8% as crude slips below $100; fuel prices raised for fourth time in two weeks
OMC stocks rise 5.8% as crude prices fall below $100, amid fourth fuel price hike in two weeks.
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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…
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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.
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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.
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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…
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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,…
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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.
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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…