Results for "fuel price hike"
4 articles found
Business2nd fuel price hike in four days could trim OMC losses by another 5%
The market analysts believe that the second price hike will improve daily profitability by nearly Rs 38 crore.
BusinessBreakingDespite 4 fuel price hikes, OMCs bleed Rs 550 crore daily on petrol, diesel & LPG sales
The Ministry of Petroleum and & Natural Gas said that It has been observed that Private Oil Marketing Companies are experiencing a decline of approximately 38% in HSD offtake during the current month, across both retail outlets and bulk customers due to higher rates fixed by them.
PoliticsBreaking‘Loss flows to you, profit stays with them’: Congress MP Manickam Tagore slams Centre over fuel price hike
Reacting to the latest increase in petrol and diesel prices, the Virudhunagar MP said the government’s argument that OMCs were suffering losses had been “demolished” by the companies’ financial performance in recent years.
PoliticsBreakingFuel price hike hits South India hard; two major cities see steepest rise
For diesel, Thiruvananthapuram emerged as the most expansive with Rs 99.63 per litre while Hyderabad is at the second place at 98.96 per litre.