Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost  billion by August

Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost $7 billion by August

‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ ‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ India’s State-owned Oil Marketing Companies have lost an estimated $6.5 billion-$7 billion on petrol and diesel sales due to […]

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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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Government to review oil export tax based on forex rate, oil prices every fortnight

Government to review oil export tax based on forex rate, oil prices every fortnight

Centre to monitor moves but has set no levels for rolling back windfall tax: Bajaj Centre to monitor moves but has set no levels for rolling back windfall tax: Bajaj The government will review the just introduced windfall tax on domestically produced crude oil and fuel exports every two weeks based on foreign currency rates […]

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