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State oil retailers at midnight Wednesday raised the price of petrol by 11.5 per cent, the steepest hike since the commodity was deregulated in June 2010. India imports 70 per cent of its oil and retailers say they were forced to raise prices ...
May 24, 2012 at 14:24 | Source: india.nydailynews.com
The public sector oil marketing companies ruled out an immediate rollback of petrol price hike. However, in bid to soothe frayed nerves they said that end of the fortnight (June 1) may see a revision if the international prices cool. The three public ...
May 25, 2012 at 16:39 | Source: Hindu Business Line
State oil retailers at midnight Wednesday raised the price of gas by 11.5 percent, the steepest hike since the commodity was deregulated in June 2010. India imports 70 percent of its oil and retailers say they were forced to raise prices given the fall in ...
May 24, 2012 at 15:50 | Source: india.nydailynews.com
Oil and Natural Gas Corp (ONGC), Oil India Ltd and GAIL (India) sell refined products and crude oil to state fuel retailers at a discount. Government also provides a cash subsidy to cover some of their losses. State-run upstream firms will give ...
May 21, 2012 at 16:51 | Source: Reuters UK
There is no possibility of state-run Indian fuel retailers rolling back an increase in gasoline prices announced Wednesday, a senior oil ministry official said Thursday. "There is no case (of a roll-back). The case doesn't arise," the official, who ...
May 23, 2012 at 23:58 | Source: 4-traders (press release)
India's three big state oil retailers said late on Wednesday they would raise the price of petrol by about 11.5%. The rupee hit an all-time low of 56.40 to the dollar on Thursday, continuing a slide that has seen it lose 13.8% from a February ...
May 24, 2012 at 09:10 | Source: Hindustan Times
NEW DELHI (Reuters) - State-run upstream oil firms will bear nearly 40 percent of the ... The subsidy payout and additional compensation from government would allow the fuel retailers to post profits for the January to March quarter, said ...
May 21, 2012 at 18:31 | Source: Reuters India
Mumbai, May 24 (PTI) As the clamour for rollback in petrol prices grows, ratings agency Crisil today warned oil retailers will lose up to Rs 1,700 crore annually for every Re 1 reduction in petrol prices. "The OMCs (oil marketing companies) are likely to ...
May 24, 2012 at 14:46 | Source: in.com
India's three big state oil retailers said late on Wednesday they would raise the price of petrol by about 11.5 percent. The rupee hit an all-time low of 56.40 to the dollar on Thursday, continuing a slide that has seen it lose 13.8 percent from ...
May 24, 2012 at 05:56 | Source: Reuters
That I think is the bullet to bite,” Dave said. Indian Oil Corp said it and fellow state oil retailers Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd would raise petrol prices by Rs 6.28 rupees per litre excluding local taxes from Thursday.
May 23, 2012 at 15:37 | Source: NDTV