Categories: Business

Petrol, diesel losses: What oil firms are losing amid Hormuz supply squeeze

India’s state-run oil companies are incurring significant losses, estimated at Rs 18 per litre on petrol and Rs 35 on diesel, due to unchanged retail prices amidst volatile global crude oil prices. Despite a government excise duty cut, these firms continue to face mounting financial strain, with potential price hikes anticipated post-state elections.

The News Vista

Leave a Comment
Share
Published by
The News Vista
5 hours ago

Recent Posts

Who is Samrat Choudhary set to be new Bihar CM and BJP’s first leader to take the top post

At 57, Choudhary has steadily risen through Bihar’s political ranks and is regarded as one…

2 hours ago

Rockets, drones & missiles: Can Hezbollah sustain a full-scale war with Israel?

The Israel-Lebanon border is tense as Hezbollah, despite Israeli efforts, demonstrates operational capability and strategic…

2 hours ago

No handshake! India’s Harika breaks silence on Uzbek GM’s ‘Namaste’

Harika Dronavalli clarified viral handshake incident with Nodirbek Yakubboev, saying there was no disrespect. He…

2 hours ago

Nissan open to Honda tie-up for stronger India play; bets on AI-led ‘mobility intelligence’ for global growth: CEO Ivan Espinosa

2 hours ago

‘Sab fake hai’: Praful recreates Siraj moment after SRH win – WATCH

Debut sensation Praful Hinge etched his name in IPL history by claiming three wickets in…

2 hours ago

Russia’s crude oil export revenues jump to $19 billion in March as Iran war lifts prices

2 hours ago