Tag: india fuel shortage

The Indian Oil Corporation refinery at Noonmati, in Guwahati. (ANI)
Posted in Business

State-run oil firms report 41% jump in Q4 net profit

The three state-run oil companies, controlling over 90% of domestic fuel retail market, have registered a combined net profit of ₹19,470 crore in January-March 2026…

Continue Reading
Vehicles line up at a petrol pump amid heavy rush for fuel in Odisha’s Bhubaneswar. (PTI)
Posted in Business

OMCs still losing ₹750 crore a day: Govt

State-run oil marketing companies (OMCs) are still losing ₹750 crore a day on the sale of auto fuels and cooking gas even after petrol and…

Continue Reading
A pump jack operates near a crude oil reserve. (Reuters)
Posted in Business

India’s crude imports fall 17% amid supply shock

In March, the first full month after the US and Israel launched an attack on Iran, India’s crude oil imports declined 17.1% over March 2025,…

Continue Reading