Indian Oil Corporation reports ₹272 crore loss in Q2 on the back of selling petrol and diesel below cost

Indian Oil Corporation reports ₹272 crore loss in Q2 on the back of selling petrol and diesel below cost

IOC and other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise the prices to help the govt. contain inflation IOC and other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise the […]

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Oil at six-month low | Petrol at breakeven, losses continue on diesel

Oil at six-month low | Petrol at breakeven, losses continue on diesel

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel – the most used fuel in the country, officials said. The world’s best-known crude benchmark, Brent was trading at ₹94.91 per barrel on Thursday after concerns of a global recession led to […]

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Parliament’s Monsoon Session live updates | Both Houses adjourned till 2 p.m. as Opposition protests over price rise

Parliament’s Monsoon Session live updates | Both Houses adjourned till 2 p.m. as Opposition protests over price rise

Here are all the updates from the second day of the Parliament’s Monsoon Session Here are all the updates from the second day of the Parliament’s Monsoon Session With the first day of the Monsoon Session curtailed for tributes, disruptions, and also to facilitate members to take part in the Presidential polls, both Houses have […]

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India’s fuel demand falls in July as monsoon sets in

India’s fuel demand falls in July as monsoon sets in

India’s demand for petrol and diesel fell in the first half of July over the previous month as the onset of monsoon chipped away consumption in some sectors and restricted mobility, preliminary industry data showed on July 17. Diesel, the most widely used fuel in the country, saw consumption drop 13.7% during July 1-15 to […]

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