State-owned Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum are collectively losing Rs 265 crore per day on selling fuel below cost and may end the fiscal with a Rs
State-owned Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum may see losses on fuel sales jump over 66 per cent to Rs 79,670 crore this fiscal.
The three fuel retailers
Petroleum Minister Murli Deora today said he would broach the subject fuel pricing with Prime Minister Manmohan Singh later today when he meets him to discuss the health of oil
The government is not considering at present to raise petrol and diesel prices in line with the firming international crude rates, Petroleum Secretary RS Pandey said today.
"There is no
For the second time this month state-owned oil firms today hiked jet fuel prices this time by 2. 4 per cent following a spurt in international oil rates
IOC, BPCL, HPCL shell out Rs 2,200cr today bought a total of 10%stake.
The hike comes on back of over 12 per cent hike on June 15.
Jet fuel or ATF prices continued to rise with state-run oil firms.
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