Oil Firms
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Oil Firms Return Profits As Dividends That Fund Roads, Highways: Sources
Roughly half the profit that oil firms make each year are returned to the centre as as dividend, with corporate tax on top. It funds roads, highways, railways, metros and the broader public investment programme, sources have said
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Fuel Prices Are Up, But It Still Won't Cover Oil Firms' Losses. Here's Why
Petroleum Minister Hardeep Singh Puri had said OMC under-recoveries were around Rs 1,000 crore a day.
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"Will Impact Poor, Middle Class": Vijay Slams Centre Over Fuel Price Hike
Vijay took on the oil companies, underscoring that they do not reduce fuel prices when crude oil prices fall in the international market but continue to make huge profits.
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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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China Invokes First-ever "Blocking Order" Against US Sanctions: Report
The move specifically protects five major Chinese petrochemical firms recently targeted by Washington for their alleged involvement in the Iranian oil trade.
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Oil Giants Make $3,000 Every Second As US Families Struggle To Pay Bills
Six oil companies are expected to post $94 billion in fossil fuel profits this year. This is $37 million more per day than what they earned in 2025.
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Husband, Wife Behind Sanctioned China Oil Firm Lose $1.4 Billion
The move targeted Hengli Group for allegedly facilitating billions of dollars in purchases from Tehran and injects fresh tension into an expected summit between Trump and Xi Jinping next month.
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Rupee Falls To Rs 93.32 Against US Dollar: 5 Triggers Investors Must Know
The Reserve Bank of India eased some rules on currency speculation, which also weighed on the rupee.
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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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'No Port In Middle East Safe': Iran's New Warning After US Hormuz Threat
The US blockade is likely intended to add pressure on Iran, which has exported millions of barrels of oil since the war began, much of it likely carried by so-called "dark" transits that evade Western government sanctions and oversight.
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Countries Whose Ships Are Hit By Hormuz Crisis
Shipping companies from Greece, the UAE and China are most affected by the closure of the Strait of Hormuz, according to data from...
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Long Queues At Mumbai Petrol Pumps, Officials Say Adequate Fuel Stocks
Representatives of major oil firms and the Petroleum Ministry have repeatedly denied any genuine shortage.
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Excise Duty On Petrol Cut To Rs 3, Diesel To Zero: Will Fuel Prices Reduce?
Excise Duty On Petrol Cut To Rs 3 From Rs 13, Diesel To Zero From Rs 10
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No Petrol, Diesel Shortage In India; IOCL, HPCL Urge Public To Ignore Rumours
Govt and oil firms deny fuel shortage, assure steady supply as rumours spark panic buying; citizens urged to stay calm and avoid unnecessary purchases nationwide.
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Rupee Falls To All-Time Low As Iran War Rages On: Is It All Bad?
Rupee hits record low amid Iran war: A weaker rupee makes imports more expensive. This, in turn, pushes consumers and firms to cut back on foreign purchases and look at domestic options.
-
Oil Firms Return Profits As Dividends That Fund Roads, Highways: Sources
Roughly half the profit that oil firms make each year are returned to the centre as as dividend, with corporate tax on top. It funds roads, highways, railways, metros and the broader public investment programme, sources have said
-
Fuel Prices Are Up, But It Still Won't Cover Oil Firms' Losses. Here's Why
Petroleum Minister Hardeep Singh Puri had said OMC under-recoveries were around Rs 1,000 crore a day.
-
"Will Impact Poor, Middle Class": Vijay Slams Centre Over Fuel Price Hike
Vijay took on the oil companies, underscoring that they do not reduce fuel prices when crude oil prices fall in the international market but continue to make huge profits.
-
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.
-
China Invokes First-ever "Blocking Order" Against US Sanctions: Report
The move specifically protects five major Chinese petrochemical firms recently targeted by Washington for their alleged involvement in the Iranian oil trade.
-
Oil Giants Make $3,000 Every Second As US Families Struggle To Pay Bills
Six oil companies are expected to post $94 billion in fossil fuel profits this year. This is $37 million more per day than what they earned in 2025.
-
Husband, Wife Behind Sanctioned China Oil Firm Lose $1.4 Billion
The move targeted Hengli Group for allegedly facilitating billions of dollars in purchases from Tehran and injects fresh tension into an expected summit between Trump and Xi Jinping next month.
-
Rupee Falls To Rs 93.32 Against US Dollar: 5 Triggers Investors Must Know
The Reserve Bank of India eased some rules on currency speculation, which also weighed on the rupee.
-
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.
-
'No Port In Middle East Safe': Iran's New Warning After US Hormuz Threat
The US blockade is likely intended to add pressure on Iran, which has exported millions of barrels of oil since the war began, much of it likely carried by so-called "dark" transits that evade Western government sanctions and oversight.
-
Countries Whose Ships Are Hit By Hormuz Crisis
Shipping companies from Greece, the UAE and China are most affected by the closure of the Strait of Hormuz, according to data from...
-
Long Queues At Mumbai Petrol Pumps, Officials Say Adequate Fuel Stocks
Representatives of major oil firms and the Petroleum Ministry have repeatedly denied any genuine shortage.
-
Excise Duty On Petrol Cut To Rs 3, Diesel To Zero: Will Fuel Prices Reduce?
Excise Duty On Petrol Cut To Rs 3 From Rs 13, Diesel To Zero From Rs 10
-
No Petrol, Diesel Shortage In India; IOCL, HPCL Urge Public To Ignore Rumours
Govt and oil firms deny fuel shortage, assure steady supply as rumours spark panic buying; citizens urged to stay calm and avoid unnecessary purchases nationwide.
-
Rupee Falls To All-Time Low As Iran War Rages On: Is It All Bad?
Rupee hits record low amid Iran war: A weaker rupee makes imports more expensive. This, in turn, pushes consumers and firms to cut back on foreign purchases and look at domestic options.
