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Union Minister Hardeep Singh Puri elaborated that the retail fuels presently being sold in pumps were derived from crude oil that was purchased months in advance. | Photo Credit: ANI Prices of petrol and diesel will come down only after the crude oil, which is currently cheaper, reaches Indian shores and refiners, Union Petroleum Minister…
Representational image only. File Profitability at State-run oil marketing companies (OMCs) is set to improve as falling crude oil prices lift fuel marketing margins, although rising debt levels and uncertainty over fuel taxes could limit the sector’s longer-term earnings outlook, according to a JP Morgan report. “Composite margins on petrol and diesel sales at State-run…
Read More “Petrol, diesel margins back above pre-conflict levels: Report” »
Bharat Petroleum mentioned that in the ongoing month until May 25 in Maharashtra, petrol sales have gone up 15% while diesel sales increased more than 20% from the comparable period last year. File photo for representational purposes only. | Photo Credit: AFP State-owned refiner Bharat Petroleum on Wednesday (May 27, 2026) maintained that articles and…
Read More “Fuel supplies in Maharashtra stable and well-managed, assures BPCL” »
Representational file image. | Photo Credit: J. ALLEN EGENUSE Oil-marketing companies raised the prices of petrol and diesel for the third time in eight days on Saturday (May 23, 2026). Prices were hiked by an average 90 paise per litre across all variants. This was the third such increase this month following the ₹3 upward…
Read More “Petrol, diesel prices by 87-91 paise per litre; third hike this month” »
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody’s Investors Service said. Three state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — which control roughly 90% of the market, have kept…
Petrol sales fell 8 per cent to 1.19 million tonnes in the first fortnight of August 2023, when compared with the same period last year. File photo | Photo Credit: Nagara Gopal India’s petrol and diesel consumption fell in the first half of August from the previous month and a year ago, as monsoon rains…
Read More “Petrol, diesel sales fall in August as rains ebb demand” »