Mega Profits from Petrol-Diesel In Last 3 Yrs. Huge Central-State Taxes When Crude Oil Was Down

Описание: When global crude oil prices fell sharply after the Ukraine conflict, consumers expected petrol and diesel prices to come down. Instead, Oil Marketing Companies (OMCs) continued to report strong profits, while the Centre and states continued collecting substantial revenue through excise duty and VAT.

In this analysis, Sanket Upadhyay examines the financial performance of India's OMCs, the government's fuel tax policy, and the debate over "loss recovery." If companies earned significant profits when crude prices were lower, and crude has now returned to pre-war levels after recent geopolitical tensions, the key question remains: When and on what basis, will fuel prices be reduced?

The discussion also explores how "loss recovery" is defined, whether it means recovering costs or restoring previous profit levels, and why the absence of a clear benchmark continues to raise questions about India's fuel pricing policy.

[ petrol price, diesel price, crude oil, oil marketing companies, fuel prices India, excise duty, VAT, Indian economy, fuel tax, Sanket Upadhyay ]

#petrolprice #dieselprice #crudeoil #fuelprices #indianeconomy #tax #oilprices #energy #policy #sanketupadhyay #doublecheck