Tag
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
India's state-run oil marketing companies face a combined Rs 1.2 trillion loss, and analysts say they could turn technically insolvent within two quarters if fuel prices are not raised. Petrol, diesel, and LPG prices all need upward revision to close the gap between supply costs and capped retail rates.
India's state oil companies are considering a ₹5-per-litre hike on petrol and diesel as daily losses on fuel sales reach an estimated ₹10 billion ($105 million). No official decision has been announced, but the pressure on OMC balance sheets makes a revision increasingly likely.
India's three state-owned fuel retailers, Indian Oil, HPCL, and BPCL, are losing roughly ₹30,000 crore a month selling petrol, diesel, and LPG below international rates. The sustained losses are weighing on company earnings and pushing their share prices lower.
India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
Indian Oil and Reliance are paying for Iranian crude in Chinese yuan through ICICI Bank's Shanghai office under a temporary U.S. sanctions waiver. The arrangement, unreported until now, mirrors India's existing yuan channel for Russian oil and signals expanding non-dollar trade infrastructure. The U.S. waiver is due to
Tag
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
1mo ago · 3 min · Economy
India's state-run oil marketing companies face a combined Rs 1.2 trillion loss, and analysts say they could turn technically insolvent within two quarters if fuel prices are not raised. Petrol, diesel, and LPG prices all need upward revision to close the gap between supply costs and capped retail rates.
1mo ago · 2 min · Markets
India's state oil companies are considering a ₹5-per-litre hike on petrol and diesel as daily losses on fuel sales reach an estimated ₹10 billion ($105 million). No official decision has been announced, but the pressure on OMC balance sheets makes a revision increasingly likely.
1mo ago · 2 min · Markets
India's three state-owned fuel retailers, Indian Oil, HPCL, and BPCL, are losing roughly ₹30,000 crore a month selling petrol, diesel, and LPG below international rates. The sustained losses are weighing on company earnings and pushing their share prices lower.
1mo ago · 2 min · Markets
India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal
1mo ago · 2 min · Markets
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
1mo ago · 2 min · Economy
Indian Oil and Reliance are paying for Iranian crude in Chinese yuan through ICICI Bank's Shanghai office under a temporary U.S. sanctions waiver. The arrangement, unreported until now, mirrors India's existing yuan channel for Russian oil and signals expanding non-dollar trade infrastructure. The U.S. waiver is due to
2mo ago · 1 min · Global Affairs
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