{"id":657839,"date":"2026-01-20T12:07:17","date_gmt":"2026-01-20T06:37:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=657839"},"modified":"2026-01-20T12:32:10","modified_gmt":"2026-01-20T07:02:10","slug":"govt-may-levy-duty-to-mop-up-windfall-gains-of-fuel-retailers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-may-levy-duty-to-mop-up-windfall-gains-of-fuel-retailers\/","title":{"rendered":"Govt may levy duty to mop up windfall gains of fuel retailers"},"content":{"rendered":"<p>NEW\u2009DELHI:\u2009A sustained low in international oil prices has led to a surge in profits for state-run fuel retailers, prompting the government to consider mopping up these windfall gains through a levy to build a cushion in the event of a future spike in crude prices\u2014a scenario many see as plausible given global geopolitical uncertainty.<\/p>\n<p>The three state-run oil marketing companies (OMCs) \u2014 Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) \u2014 which enjoy a near monopoly in India\u2019s fuel retail business, posted a combined net profit of \u20b934,066.51 crore in the first half of 2025-26, a 269.4% year-on-year jump that exceeded their full-year profit of \u20b933,601.83 crore in 2024-25, according to publicly available data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW\u2009DELHI:\u2009A sustained low in international oil prices has led to a surge in profits for state-run fuel retailers, prompting the government to consider mopping up these windfall gains through a levy to build a cushion in the event of a future spike in crude prices\u2014a scenario many see as plausible given global geopolitical uncertainty. The three state-run oil marketing companies (OMCs) \u2014 Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) \u2014 which enjoy a near monopoly in India\u2019s fuel retail business, posted a combined net profit of \u20b934,066.51 crore in the first half [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-657839","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/657839","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=657839"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/657839\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=657839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=657839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=657839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}