Crude Petroleum
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Fuel Prices Hiked By Rs 7 In 11 Days. Why Petrol, Diesel Rates May Rise Again
For oil companies to fully recover past losses, petrol, diesel prices in India would theoretically need to rise by another Rs 28 to Rs 33 per litre.
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Despite Rs 3.9 Fuel Hike, Oil Companies Still Losing Rs 900 Crore Daily
Petrol, Diesel Price Today: Just four days after a Rs 3 per litre hike, petrol and diesel prices were raised by another 90 paise on Tuesday morning.
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After Fuel Price Hike, Oil Companies' Daily Loss Now Rs 750 Crore
"Currently, the daily loss incurred by state-run oil companies stands at approximately Rs 750 crore. This figure includes the import costs for petrol, diesel, and LPG," Sujata Sharma, Joint Secretary at the Ministry of Petroleum, said today.
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No Fuel Price Hike In 4 Years, India Has Adequate Stocks: Hardeep Puri
"Let me tell you categorically, we have no supply side problems. The country has more than enough stocks of crude oil, LNG and LPG," he said.
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$72 Billion: The Forex Logic Behind PM Modi's Appeal To Avoid Buying Gold
PM Modi's Appeal To Save Forex: Not buying gold for a year can directly reduce India's dollar outflow by tens of billions.
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Iran War: China's Invisible Hand Is Rebalancing The Oil Market
Today, China has nearly 1.4 billion barrels in its reserves, well above the 400 million of the US and Japan's 260 million.
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PIB Fact Check Debunks Social Media Posts Citing Petrol, Diesel Price Hikes
New Delhi, April 29 (IANS) The fact-checking unit of the Press Information Bureau (PIB) on Wednesday dismissed as fake a viral message claiming that petrol and diesel prices have been hiked by up to Rs 12.50 per litre.
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In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
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Iran War Impacted Diesel Prices Much More Than Gasoline. Here's Why
The United States is the biggest exporter of petroleum products, including diesel. But with a fifth of the world's oil supply choked off at Hormuz, even the US could not make up for the shortfall.
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Will Fuel Prices Rise By Rs 25 After Elections? Centre Says 'Fake News'
In a post on X, the Ministry of Petroleum & Natural Gas said there is no proposal under consideration to increase retail fuel prices.
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Oil Firms Bleeding Rs 1,600 Crore Daily To Shield Buyers From Price Hike
According to analysts, OMCs are incurring an estimated loss of Rs 1,600 crore daily. These losses are set to drag their quarterly results down.
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War Impact On Crude Oil Raises GST Question. Why It's Easier Said Than Done
While the Centre has reduced excise duty on petrol and diesel, states did not reduce their VAT/Sales tax on petroleum products.
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"No Payment Hurdle For Iranian Crude Imports": India Dismisses Rumours
The Ministry of Petroleum and Natural Gas dismissed reports that an oil tanker carrying Iranian crude had rerouted mid-voyage from its previously indicated destination of India to China.
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Opinion | Have US And Iran Already Gone Past The Point Of 'Negotation'?
Serious negotiations need to be held behind the scenes with as much confidentiality as possible.
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How Much Crude Oil Reserve Does India Have? What Union Minister Said
India's SPRs - underground facilities in Andhra Pradesh and Karnataka - can store of 5.33 million tonnes and, assuming capacity at 100 per cent, these should provide cover for 9.5 days during disruptions like the Iran war.
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Fuel Prices Hiked By Rs 7 In 11 Days. Why Petrol, Diesel Rates May Rise Again
For oil companies to fully recover past losses, petrol, diesel prices in India would theoretically need to rise by another Rs 28 to Rs 33 per litre.
-
Despite Rs 3.9 Fuel Hike, Oil Companies Still Losing Rs 900 Crore Daily
Petrol, Diesel Price Today: Just four days after a Rs 3 per litre hike, petrol and diesel prices were raised by another 90 paise on Tuesday morning.
-
After Fuel Price Hike, Oil Companies' Daily Loss Now Rs 750 Crore
"Currently, the daily loss incurred by state-run oil companies stands at approximately Rs 750 crore. This figure includes the import costs for petrol, diesel, and LPG," Sujata Sharma, Joint Secretary at the Ministry of Petroleum, said today.
-
No Fuel Price Hike In 4 Years, India Has Adequate Stocks: Hardeep Puri
"Let me tell you categorically, we have no supply side problems. The country has more than enough stocks of crude oil, LNG and LPG," he said.
-
$72 Billion: The Forex Logic Behind PM Modi's Appeal To Avoid Buying Gold
PM Modi's Appeal To Save Forex: Not buying gold for a year can directly reduce India's dollar outflow by tens of billions.
-
Iran War: China's Invisible Hand Is Rebalancing The Oil Market
Today, China has nearly 1.4 billion barrels in its reserves, well above the 400 million of the US and Japan's 260 million.
-
PIB Fact Check Debunks Social Media Posts Citing Petrol, Diesel Price Hikes
New Delhi, April 29 (IANS) The fact-checking unit of the Press Information Bureau (PIB) on Wednesday dismissed as fake a viral message claiming that petrol and diesel prices have been hiked by up to Rs 12.50 per litre.
-
In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
-
Iran War Impacted Diesel Prices Much More Than Gasoline. Here's Why
The United States is the biggest exporter of petroleum products, including diesel. But with a fifth of the world's oil supply choked off at Hormuz, even the US could not make up for the shortfall.
-
Will Fuel Prices Rise By Rs 25 After Elections? Centre Says 'Fake News'
In a post on X, the Ministry of Petroleum & Natural Gas said there is no proposal under consideration to increase retail fuel prices.
-
Oil Firms Bleeding Rs 1,600 Crore Daily To Shield Buyers From Price Hike
According to analysts, OMCs are incurring an estimated loss of Rs 1,600 crore daily. These losses are set to drag their quarterly results down.
-
War Impact On Crude Oil Raises GST Question. Why It's Easier Said Than Done
While the Centre has reduced excise duty on petrol and diesel, states did not reduce their VAT/Sales tax on petroleum products.
-
"No Payment Hurdle For Iranian Crude Imports": India Dismisses Rumours
The Ministry of Petroleum and Natural Gas dismissed reports that an oil tanker carrying Iranian crude had rerouted mid-voyage from its previously indicated destination of India to China.
-
Opinion | Have US And Iran Already Gone Past The Point Of 'Negotation'?
Serious negotiations need to be held behind the scenes with as much confidentiality as possible.
-
How Much Crude Oil Reserve Does India Have? What Union Minister Said
India's SPRs - underground facilities in Andhra Pradesh and Karnataka - can store of 5.33 million tonnes and, assuming capacity at 100 per cent, these should provide cover for 9.5 days during disruptions like the Iran war.
