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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ATF price cut 4.5%, commercial LPG rates down ₹25.5

ATF price cut 4.5%, commercial LPG rates down ₹25.5

This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices Jet fuel (ATF) price on Saturday was slashed by 4.5% and that of commercial LPG used in […]

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Entire petro tax cuts’ burden being borne by Centre, says Nirmala Sitharaman

Entire petro tax cuts’ burden being borne by Centre, says Nirmala Sitharaman

Union FM said the entire duty reduction in petro products has been done out of the Road and Infrastructure cess (RIC) component. Union FM said the entire duty reduction in petro products has been done out of the Road and Infrastructure cess (RIC) component. Union Finance Minister Nirmala Sitharaman, on Sunday, said that the entire […]

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Centre slashes fuel taxes, sets ₹200 subsidy on LPG cylinders 

Centre slashes fuel taxes, sets ₹200 subsidy on LPG cylinders 

The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. Finance Minister Nirmala Sitharaman unveiled a slew of measures […]

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Sensex dives 1,155 points in early trade amid weak global markets

Sensex dives 1,155 points in early trade amid weak global markets

Equity benchmarks fell sharply on Thursday in line with an extremely weak trend in the global markets, with the Sensex plunging 1,154.78 points in early trade. Persistent foreign fund outflows and a spurt in crude oil prices also dampened sentiment. The 30-share BSE benchmark was trading 1,154.78 points lower at 53,053.75. The broader NSE Nifty […]

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