How crude price crash could turn the tide for India’s state-owned oil giants Profitability at state-run oil marketing companies (OMCs) is expected to improve as declining crude oil prices boost fuel marketing margins, although rising debt levels and uncertainty over future fuel taxes could weigh on the sector’s longer-term earnings outlook, according to a JP…
Lucknow: Facing pressure to meet its annual revenue goal, the Uttar Pradesh excise department has decided to add 489 new liquor shops to the existing network of retail vends across the state.Officials said the additional outlets will be opened in 43 districts, expanding a system that currently includes around 27,260 retail vends selling country liquor,…
Former Rajasthan chief minister Ashok Gehlot Jaipur: Former Chief Minister Ashok Gehlot Friday criticised the BJP-led central govt over rising petrol and diesel prices, calling its policies “anti-poor and anti-middle class.” He claimed that, despite lower international crude oil prices, the govt failed to alleviate the financial burden on citizens.Gehlot noted that while the BJP…
