Fuel price hike coming? Oil PSUs losing almost Rs 30,000cr per month

Schriftgröße

Soaring crude oil prices, averaging $105.4 a barrel, are straining oil companies' finances as they sell fuel below cost. Despite government excise duty cuts, losses are unsustainable. Experts suggest gradual price hikes and innovative strategies to manage the transition to renewables while supporting companies' investments and the macroeconomy.

Continue reading on Times of India

This article was originally published by Times of India.

Ähnliche Meldungen

In Entwicklung·26 dk önce

Sanjay Manjrekar Criticizes India's Approach After T20I Series Loss to England

Former India cricketer Sanjay Manjrekar criticized India's T20I approach after their 0-4 series loss to England. He stated that sacking coach Gautam Gambhir or captain Shreyas Iyer wouldn't solve the issue, attributing the poor performance to inadequate preparation for overseas conditions, influenced by IPL performances.

Times of India

In Entwicklung·13 dk önce

Bandhan Bank Launches 'Cyber Cop' Campaign with Rohit Shetty to Combat Cyber Fraud

Bandhan Bank launched 'Cyber Cop', a nationwide cyber fraud awareness campaign with filmmaker Rohit Shetty. The initiative promotes safer digital behavior with the message 'Pause. Verify. Report.' amid rising AI-enabled fraud and increasing online financial scams in India.

Economic Times

Other·27 dk önce

Richard Feynman's Unsent Letter to His Deceased Wife Reveals Profound Grief and Enduring Love

Physicist Richard Feynman wrote a deeply personal, unsent letter to his late wife, Arline Greenbaum Feynman, nearly 20 months after her death from tuberculosis in 1945. Dated October 17, 1946, the letter expresses his enduring love, his struggle with grief, and the impossibility of moving on, resonating universally with its raw emotion and poignant postscript.

TOI World

Dringend·44 dk önce

Iran's Mojtaba Khamenei Issues 'Revenge List' Targeting 13 World Leaders

Following his father's funeral, Mojtaba Khamenei released a 'revenge list' naming 13 world leaders, including Trump and Netanyahu, as targets. This coincides with reports of an Iranian assassination plot against Trump and ongoing conflict, with the US striking Iranian targets after attacks on commercial ships.

Times of India

In Entwicklung·30 dk önce

Foreign Investors Pour Over $1 Billion into Indian Equities in a Week

Foreign investors have invested over $1 billion in Indian equities in the past week, signaling a bullish trend. Goldman Sachs and Citigroup project further inflows due to a stable rupee and improved earnings expectations, boosting the NSE Nifty 50 index.

Times of India

In Entwicklung·42 dk önce

BJP Attacks Rahul Gandhi Over Foreign Trip, Neglect of Wayanad

BJP intensified its criticism of Rahul Gandhi, questioning his foreign trip and accusing him and Priyanka Gandhi Vadra of neglecting Wayanad after a landslide. BJP leaders demanded transparency regarding Gandhi's travel and criticized the Congress leaders' absence from the affected region.

Times of India