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India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
India's state-run oil marketing companies face a combined Rs 1.2 trillion loss, and analysts say they could turn technically insolvent within two quarters if fuel prices are not raised. Petrol, diesel, and LPG prices all need upward revision to close the gap between supply costs and capped retail rates.
India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
Tag
India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
1mo ago · 3 min · Economy
India's state-run oil marketing companies face a combined Rs 1.2 trillion loss, and analysts say they could turn technically insolvent within two quarters if fuel prices are not raised. Petrol, diesel, and LPG prices all need upward revision to close the gap between supply costs and capped retail rates.
1mo ago · 2 min · Markets
India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal
1mo ago · 2 min · Markets
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
2mo ago · 1 min · Economy
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