New Delhi, April 2 – The government's calibrated 8.5 per cent increase in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts.Analysts at global brokerage firm Nomura estimate that state-owned fuel...
Fuel Prices Remain Stable as Government Absorbs Losses
New Delhi – Retail prices of petrol and diesel will not be adjusted following a recent excise duty reduction, according to a statement released by the government on Friday. Instead, the government will absorb the resulting losses incurred by...
bharatpetroleumcorporation
crude oil prices
diesel
domestic demand
energy supply chains
excise duty
government finance
hindustan petroleumcorporation
india
indian oil corporation
international trade
oil marketing companies
petrol
price stability
under-recoveries