After huge losses in the April-June quarter, three major state-owned oil companies have started pressurizing them to increase prices. They have incurred a loss of Rs 18,480 crore. This is the biggest loss in any one quarter so far. Hindustan Petroleum, Bharat Petroleum, and Indian Oil said they have incurred losses due to rising crude oil costs and keeping petrol and diesel prices stable since April 6.
The companies did not change the prices for 137 days due to the Uttar Pradesh assembly elections. However, at the end of March, it was increased by Rs 10 per liter.
Hindustan Petroleum Corporation Limited (HPCL) said it has suffered the highest ever loss which stood at Rs 10,197 crore. Whereas Bharat Petroleum Corporation Ltd. (BPCL) has suffered a loss of Rs 6,290 crore. Indian Oil has incurred a loss of Rs 1,993 crore.
Oil prices remained stable from April-June
From April-June, the three petroleum companies did not change their prices. Import crude oil prices stood at $109 per barrel during the quarter. But in the retail market, it was sold at $85-86 per barrel basis. However, oil companies are free to raise or lower prices. Despite this, they could not make any changes in the prices.
World Cup: Trouble will increase for cricket fans! There may be a change in the schedule of the India-Pakistan match, know the reason
The Indian team has to face Pakistan in the ODI World Cup to be held later this year. Both the teams will be face to face on October 15 at the Narendra Modi Stadium in Ahmedabad. The International
IPL 2023 Orange& Purple Cap: Punjab batsman snatched Orange Cap from Warner, know whose head is wearing a purple cap
In IPL 2023, two vigorous matches were played on Super Sunday. In the first match, Rinku Singh hit five consecutive sixes in the last over to give Kolkata Knight Riders a memorable win against Gujarat
IMD Rainfall Alert: Heavy rain in these states for the next 5 days, Meteorological Department warns
IMD Rainfall Alert, Weather Forecast: Winter has started in the hilly states and there is light snowfall in many places. On the other hand, in states like Uttar Pradesh, Delhi, and Bihar, the
The Raja Saab: The Director's statement regarding the story of Prabhas's film surfaced on IMDb, know what Maruti said
After the film 'Saalar Part 1 Ceasefire', South superstar Prabhas is now in the headlines for his next project with director Maruti. The name of his next film is 'The Raja Saab'. On the occasion of
Ganga Expressway: Adani Group gets financial closure for 'Ganga Expressway Nirman', know details
Adani Enterprises Limited (AEL) wholly owned subsidiaries Badaun Hardoi Road Private Limited (BHRPL), Hardoi Unnao Road Private Limited (HURPL), and Unnao Prayagraj Road Private Limited (UPRPL) have
Weather Update Today: Mercury reached 2.8 degrees in Delhi, and visibility also decreased; Know the condition of other states
Things seem to be changing in the first week of the new year itself and cold has wreaked havoc in most of the states of the country. Fog is continuing in North India with a cold wave, which is likely
Raids in eight states of NIA, Khalistani terrorist-Gangster network revealed; 6 accused of Bishnoi gang arrested
The National Investigation Agency (NIA) has caused a strong injury to the network of Khalistani terrorist gangster-drawing smugglers. The NIA has revealed the Khalistani and the gangster network. The
Sitharaman: Innovation is necessary to make the country a developed nation by 2047, know what else did the Finance Minister say?
Union Finance Minister Nirmala Sitharaman on Thursday said that innovation will play an important role in making India a developed nation by the year 2047. He highlighted the immense potential of
Donald Trump's tax report revealed in America: He was in a loss in 2016, earned Rs 200 crore within 2 years of becoming President
The report of the tax paid by former US President Donald Trump while he was President has been made public. Reports surfaced that they were in a huge deficit when Trump took over the presidency, but
Ladli Bahna Yojana: CM Shivraj put money in the account of 1.25 crore sisters, and said - the amount will be increased further
Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday transferred funds to the bank accounts of 1.25 crore beneficiaries under the 'Mukhyamantri Ladli Bahna Yojana'. For this, the Chief
