The prices of petrol and diesel in the country have remained stable for a long time. Now the oil companies have started making profits from their sale, and they are earning a good margin on every liter of fuel sold. Read this news…
Image Credit source: File Photo
Petrol and diesel prices in the country for a long time (Petrol-Diesel Price) Has not changed. Meanwhile, there was a huge fluctuation in the prices of crude oil in the international markets. Nevertheless, India’s oil companies kept the prices stable. From this Indian Oil, Hindustan Petroleum And Bharat Petroleum was incurring huge losses, but now the companies have started earning profits again. Know how much you are earning…
Last year, the government had cut excise duty on petroleum products. After that there has been no change in their prices since May 22. Petrol and diesel prices in the capital Delhi on Saturday (Petrol-Diesel Price Today) remain the same as before. Petrol is available at Rs 96.72 per liter and diesel at Rs 89.62 per litre.
oil companies making profit
All the three government oil companies are now making profits on the retail sale of petrol and diesel. In the current quarter, oil companies have earned an average margin of Rs 1.2 per liter on petrol and diesel. Whereas in the October-December quarter, they incurred an average loss of Rs 3 per liter and in the April-June quarter Rs 8.9 per litre.
ICICI Securities says that in the third week of February, oil companies are expected to earn an average marketing margin of Rs 3.4 per liter on petrol and diesel.
According to the analysis of companies, companies may incur an average loss of Rs 1.2 per liter on diesel in the January-March quarter. While there is a profit of Rs 6.8 per liter on petrol. Because of this oil companies are overall profitable.
(This news is being updated)
Source: www.tv9hindi.com
: Language Inputs