Tag: Oil Marketing Companies
LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocation
New Delhi: The government’s LPG subsidy bill could cross Rs 1 lakh crore in FY27, creating a gap of around Rs 70,000 crore over the…
Fall in global crude prices brightens fiscal outlook, El Nino risks linger
New Delhi: A sharp decline in global crude oil prices following the easing of tensions in West Asia has improved India’s fiscal outlook, with economists…
Commercial LPG cylinder prices cut by ₹183; Delhi rate drops to ₹2,930
Oil marketing companies on Tuesday reduced the price of 19-kg commercial LPG cylinders by ₹183.50, bringing the retail price in Delhi down to ₹2,930 per…
Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FM
Mumbai: Finance Minister Nirmala Sitharaman on Monday said the government had foregone more than Rs 1 lakh crore annually in tax revenues through excise duty…
RBI should use forex reserves to prop up rupee: SBI report
New Delhi, The Reserve Bank should use foreign exchange reserves to prop up the rupee hit by the ongoing West Asia crisis, suggested a research…
West Asia conflict to strain India’s FY27 fiscal math, says ICRA
A surge in global crude oil and natural gas prices amid the West Asia conflict is likely to complicate India’s fiscal position in FY2027, potentially…