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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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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…
