[ad_1] The oil math: A ₹50 hike in LPG prices and a proposed ₹2 excise duty increase on petrol and diesel are part of the Centre’s plan to compensate oil marketing companies, while leveraging improved margins from softening crude prices to avoid burdening consumers. Let’s see the numbers. Sources have told CNBC-TV18 that […]
Budget 2025: HPCL, BPCL, IOC shares fall up to 5% on lower LPG subsidy – CNBC TV18
[ad_1] Shares of state-run Oil Marketing Companies (OMCs) – Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC), fell as much as 5% on Saturday, February 1, after the announcements made in the Budget documents with regards to its LPG subsidies. Company Value Change %Change Budget documents revealed […]
Public sector OMCs likely to seek govt compensation as LPG under-recoveries soar 1,600% – CNBC TV18
[ad_1] Public sector oil marketing companies (OMCs) are likely to seek cash compensation from the government to cover their substantial LPG under-recoveries, according to CNBC-TV18 sources. During the April-September period of this fiscal year, under-recoveries for LPG have surged by over 1,600% for Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum […]