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EXCISE REVENUE LOSS
Petrol, diesel margins back to above pre-conflict levels: ReportState-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government...- Earnings of OMCs seen weak as Q1FY27 under-recoveries bite: ReportOil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LP...
- Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cashOil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barre...
- Petrol, diesel prices hiked by Rs 7.5 per litre since Iran war: Here’s how it will impact your daily lifeFuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil ...
- Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikesPetrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient ...
- Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum MinistryThe Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to ...
- The three Fs that Sitharaman flagged as India braces for a widening global oil shock, forex strainIn light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Finance Minister Nirmala Sitharaman i...
- BPCL Q4 Results: Cons PAT jumps 28% YoY to Rs 5,625 crore; revenue rises 6%BPCL reported a 28% YoY jump in Q4 consolidated PAT to Rs 5,625 crore, with revenue rising 6.3%. Full-year net profit surged 94% to Rs 25,8...
- Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, w...
- SBI Report: No direct impact of oil price hike on India's fiscal situationFuel prices have risen by Rs 3 per litre. This move aims to reduce losses for oil companies. SBI's research report Ecowrap suggests that th...
- Q1 fuel losses may eliminate entire fiscal-year earnings of Indian OMCsSince the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of ...
- Q1 fuel losses may eliminate entire fiscal-year earningsDespite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre a...
- Petrol, Diesel price today: Fuel rates increased after PM Modi's fuel-saving appeal? Check rates in Delhi, Mumbai, Kolkata and ChennaiPetrol Diesel price today: Fuel prices in major Indian cities remained steady on Monday, May 11. However, Prime Minister Modi's appeal for ...
- Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shockState-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy ...
- New policy will benefit premium brands, hurt local ones, distillers tell Karnataka CM SiddaramaiahLocal alcohol manufacturers in Karnataka have urged Chief Minister Siddaramaiah to review the proposed liquor tax system, saying it favours...
- From 'pure milk' to Scotch: Bihar’s secret language of liquorBihar's decade-old alcohol ban has not stopped drinking. Instead, it has fueled a secret delivery system. Coded words like 'pure milk' and ...
- Fuel price freeze: Rs 18/litre loss on petrol, Rs 35 on dieselState-owned fuel retailers IOC, BPCL and HPCL face widening losses of Rs 18 per litre on petrol and Rs 35 on diesel as prices remain frozen...
- Madhya Pradesh to see new Low Alcoholic Beverage Bars from April 1; liquor sales to stop in 19 placesMadhya Pradesh will introduce low alcoholic beverage bars from April 1 while restricting liquor sales in 19 locations, including 17 holy ci...
- Odisha govt suffered loss of Rs 75 crore excise revenue during COVID pandemic: CAGOdisha's Comptroller and Auditor General (CAG) reported a Rs 75.07 crore excise revenue loss due to manipulated sales registers by liquor r...
- Govt lost Rs 586 cr in 2008-09 in indirect taxes: CAGOfficial auditor CAG on Friday said the government has lost Rs 586 crore in excise and custom duties and service tax in financial year 2009...
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