Oil Companies Losses
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Math Still Not Mathing For Oil Companies: Why Fuel Prices 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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Four Fuel Price Cuts In 4 Years: Centre After Price Hike
Most nations passed the burden of these elevated prices onto consumers. But India adopted a distinct policy, striving to maintain stability and implement retail price cuts for petrol and diesel, sources said.
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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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From "Time To Buy Cycle" To "We Understand": Commuters Divided On Fuel Price Hike
Oil companies say they have been incurring losses due to higher global crude oil prices.
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Fuel Up Rs 3: Why Petrol, Diesel Prices Rose After Weeks Of Centre Holding The Line
Petrol, Diesel Price Today: The ongoing conflict in Iran disturbed global oil supply. The Rs 3 increase does not fully cover the losses.
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US-Iran Ceasefire Helps Indian Markets Recover 65% Of Losses Since War
Stock Markets Rally: Investors added Rs 15 lakh crore in the total market capitalisation of all BSE Sensex companies in just an hour.
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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.
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Oil Jumps 5% After 7 Days Of Losses, Boosted By Weaker Dollar
While the pandemic drags on fuel demand, supply is steadily increasing. U.S. production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.
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India's Airlines Seek Emergency Credit From Oil Firms, Airports: Report
Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...
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Stronger rupee may lead to a cut in petrol prices, says Jaipal Reddy
Speaking of a scenario in which petrol prices may go down, Petroleum Minister S Jaipal Reddy said, "If Finance Ministry can reimburse the oil companies losses, then they can absorb price hike." He added, "If rupee appreciates significantly, we will announce a cut in petrol prices."
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Math Still Not Mathing For Oil Companies: Why Fuel Prices 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.
-
Four Fuel Price Cuts In 4 Years: Centre After Price Hike
Most nations passed the burden of these elevated prices onto consumers. But India adopted a distinct policy, striving to maintain stability and implement retail price cuts for petrol and diesel, sources said.
-
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.
-
From "Time To Buy Cycle" To "We Understand": Commuters Divided On Fuel Price Hike
Oil companies say they have been incurring losses due to higher global crude oil prices.
-
Fuel Up Rs 3: Why Petrol, Diesel Prices Rose After Weeks Of Centre Holding The Line
Petrol, Diesel Price Today: The ongoing conflict in Iran disturbed global oil supply. The Rs 3 increase does not fully cover the losses.
-
US-Iran Ceasefire Helps Indian Markets Recover 65% Of Losses Since War
Stock Markets Rally: Investors added Rs 15 lakh crore in the total market capitalisation of all BSE Sensex companies in just an hour.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.
-
Oil Jumps 5% After 7 Days Of Losses, Boosted By Weaker Dollar
While the pandemic drags on fuel demand, supply is steadily increasing. U.S. production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.
-
India's Airlines Seek Emergency Credit From Oil Firms, Airports: Report
Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...
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Stronger rupee may lead to a cut in petrol prices, says Jaipal Reddy
Speaking of a scenario in which petrol prices may go down, Petroleum Minister S Jaipal Reddy said, "If Finance Ministry can reimburse the oil companies losses, then they can absorb price hike." He added, "If rupee appreciates significantly, we will announce a cut in petrol prices."
