#oil-companies
Knowledge Nugget | India’s LPG Crisis: Why strategic reserves are critical after strait of hormuz disruptions
The government has asked oil companies to build 30-day LPG reserves amid Hormuz supply risks. What are strategic reserves? What is the status of LPG reserves in India? How is it different from Strategic Petroleum Reserves (SPRs)?
Oil companies’ profits reflect normal refining margins, not crisis windfall, amid Hormuz disruption
The profit pool from Indian Oil, Bharat Petroleum, and Hindustan Petroleum shows a net margin of about 3-4% on a combined turnover of approximately ₹20 lakh crore, aligning with global refining benchmarks
Oil Companies Loss : पेट्रोल - डीजल महंगा होने के बाद तेल कंपनियों को राहत , रोज का घाटा ₹1 , 000 करोड़ से घटकर ₹600 करोड़ हुआ
Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FM
India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the government previously absorbed over Rs 1 lakh crore in revenue through excise duty cuts to protect consumers from inflation. The…
Fuel hikes driven by oil firms , gold monetization under active review : FM Sitharaman
Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikes
Petrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient to fully offset the sharp rise in international crude costs, leaving public sector fuel retailers exposed to substantial…
India ethanol capacity surplus risk grows as E20 demand trails expansion
India039s ethanol boom helped the country hit E20 early Now distilleries oil companies and policymakers are confronting a new question Has India already built more ethanol capacity than it needs
Petrol, diesel price hiked third time in 10 days: Analysts warn of more hikes ahead— how high can rates go?
Petrol and diesel prices rose by up to 91 paise per litre, marking the third increase in less than 10 days. Analysts predict further hikes may be necessary as oil companies face significant losses due to elevated crude prices stemming from the West Asia confl…
Mint Explainer: Why more fuel price hikes are likely around the corner
With global crude prices remaining above $100, some analysts suggest retail fuel rates must rise by at least another ₹11-14 per litre to offset massive daily losses for oil firms, a move that threatens to stoke inflation and crush consumer demand.
Indian Airlines Ask Refiners to Postpone Local Jet Fuel Price Hike
Major Indian airlines have asked the state oil companies to postpone hikes in jet fuel prices for domestic flights until the Middle East crisis is over, Bloomberg reported on Tuesday, quoting sources with knowledge of the development. India’s oil marketing co…
Fuel price hike among world's lowest outside Gulf nations: BJP
Fuel prices saw a hike of about 90 paise per litre. The BJP stated this increase is among the lowest globally. State-run oil firms absorbed significant losses for 76 days before passing on some costs. Global crude prices surged due to the West Asia conflict. …
Oil companies now making losses of Rs 750 crores a day, down from Rs 1000 crores earlier: MoPNG
The Indian Public sector Oil Marketing Companies (OMCs) have managed to reduce their losses to Rs 750 crores a day down from Rs 1000 crores a day earlier amid the on going West Asia crisis which has been putting pressure on the oil companies due to disruption…
Oil companies losing Rs 1,000 crore daily amid crude surge: Petroleum Minister Hardeep Puri
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday said oil marketing companies are losing around Rs 1,000 crore every day due to rising global crude oil prices and under recoveries, while asserting that the government has managed to maint…
₹1,600-1,700 crore a day: Cost of insulating India from global energy shock
About ₹1,600-1,700 crore per day, over ₹1 lakh crore in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue be…
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financi…
Petrol, Diesel Price hiked today as OMCs face Rs 30,000 crore monthly losses? Check fuel rates in Delhi, Mumbai, Kolkata and other cities
Petrol, Diesel Price today (May 10): Despite mounting financial losses for oil marketing companies due to soaring global crude rates, fuel prices remained steady across India on May 10. The oil companies are facing a financial loss of Rs 30,000 crore per mont…
Petrol, Diesel price hiked today? Check latest rates in Delhi, Mumbai, Chennai, Kolkata and other cities
The petrol and diesel prices in India remained steady on May 7, 2026. Fuel prices in India may soon see an increase as oil companies are currently selling petrol and diesel at a loss. While domestic LPG prices remain unchanged, commercial LPG cylinder prices …