Sunday, May 05, 2024 | Last Update : 02:51 AM IST

fuel retailers

A day after relaxing overseas borrowing norms for oil companies, the government on Thursday said state-owned fuel retailers will have to complete USD 10 billion external commercial borrowing (ECBs) within a year and they would not be required to hedge the exposure.

OMCs to complete USD 10 bn overseas borrowing in one year: Fin Min

Till now OMCs were not allowed to raise ECB for working capital needs on a long-term basis.

04 Oct 2018 6:28 PM

A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.

Rs 4 a litre hike in petrol, diesel prices in offing

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

17 May 2018 3:53 PM


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