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India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
LPG under-recoveries at Indian oil marketing companies could reach Rs 80,000 crore by FY2027, driven by West Asia supply disruptions and elevated global prices, per ICRA. The fertiliser, chemical, and gas sectors face added margin pressure from the same cost cycle. How much subsidy the government commits will determine
Tag
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
1mo ago · 2 min · Economy
LPG under-recoveries at Indian oil marketing companies could reach Rs 80,000 crore by FY2027, driven by West Asia supply disruptions and elevated global prices, per ICRA. The fertiliser, chemical, and gas sectors face added margin pressure from the same cost cycle. How much subsidy the government commits will determine
2mo ago · 1 min · Markets
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