Why Oil Marketers May Be Staring At Lower Profits In Q1
Jun 07 2021, 8:02 AM
June 07 2021, 8:02 AM
June 07 2021, 8:02 AM
Lower inventory gains, high retail fuel prices and pressure on the refining segment may lower profits for Indiaâs oil marketing companies sequentially in the quarter ending June, a period when a deadlier second wave of the coronavirus pandemic slowed down demand.Early estimates available on Bloomberg showed that adjusted earnings per share of Indian Oil Corp. and Bharat Petroleum Corp. stood at Rs 4.38 and Rs 11.26, respectively, in .
Lower inventory gains, high retail fuel prices and pressure on the refining segment may lower profits for Indiaâs oil marketing companies sequentially in the quarter ending June, a period when a deadlier second wave of the coronavirus pandemic slowed down demand.
Govt takes back LPG price hike order after contrary signal
Govt takes back LPG price hike order after contrary signal
Every Household Is Entitled To 12 Cylinders Of 14.2-kg Each At Subsidised Rates In A Year. Any Requirement Beyond That Is To Be Purchased At Market Price. PTI | Updated on: 28 Dec 2017, 07:05:38 PM
New Delhi:
The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.
The government had previously ordered public sector oil marketing companies to raise domestic cooking gas (LPG) prices by Rs 4 per cylinder every month beginning June 2016 with a view to eliminating subsidies.
Read more about Oil and Gas shares gain on Business Standard. Oil and Gas stocks were trading in the positive zone, with the S&P BSE Oil&Gas index rising 114.6 points or 0.68% at 17026.79 at 09:49 IST.