{"id":607779,"date":"2023-10-03T11:24:05","date_gmt":"2023-10-03T05:54:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=607779"},"modified":"2023-10-03T11:24:05","modified_gmt":"2023-10-03T05:54:05","slug":"oil-psus-take-a-hit-as-global-prices-rise-but-local-rates-frozen","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-psus-take-a-hit-as-global-prices-rise-but-local-rates-frozen\/","title":{"rendered":"Oil PSUs take a hit as global prices rise but local rates frozen"},"content":{"rendered":"<p>New Delhi: State-run oil marketing companies are losing \u20b95 on each litre of diesel sold at the pumps, as domestic retail prices remain frozen while international rates have surged, according to industry executives.<\/p>\n<p>Companies are, however, making a profit of \u20b91 on every litre of petrol sold at pumps. This is a sharp contraction in marketing margins for oil companies from the April-June quarter, when lower international fuel prices and static domestic retail rates ensured extraordinary margins. Companies made a marketing margin of Rs 8.6 per litre on diesel and Rs 9 on petrol in the April-June period, according to ICICI Securities&#8217; estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: State-run oil marketing companies are losing \u20b95 on each litre of diesel sold at the pumps, as domestic retail prices remain frozen while international rates have surged, according to industry executives. Companies are, however, making a profit of \u20b91 on every litre of petrol sold at pumps. This is a sharp contraction in marketing margins for oil companies from the April-June quarter, when lower international fuel prices and static domestic retail rates ensured extraordinary margins. Companies made a marketing margin of Rs 8.6 per litre on diesel and Rs 9 on petrol in the April-June period, according to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-607779","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=607779"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607779\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=607779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=607779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=607779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}