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Endeavour to keep fuel prices stable, no fuel rationing on cards; OMCs losing Rs 1,000 cr a day: Govt source

The Indian Express·Sukalp Sharma·6 months ago

#fuelpricehikeindia #petroldieselpricesdelhi #oilmarketingcompanieslosses #westasiawarimpactonoil #straitofhormuzoilcrisis

Public sector oil marketing companies’ combined losses in April-June quarter could wipe out their cumulative profits for the full 2025-26 if the global prices continue to remain high, the source said.

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‘Inevitable’ that countries will have to pass on higher prices to end-users: Finance Ministry report

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‘Inevitable’ that countries will have to pass on higher prices to end-users: Finance Ministry report

The Indian Express·Siddharth Upasani·6 months ago

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#indiafuelpricehikenews #westasiawarimpactonoil #ministryoffinancemonthlyeconomicreviewapril2026 #petroldieselpricespeculationindia #oilmarketingcompanieslosses2026

While fuel prices at Indian pumps have not risen in response to the global jump in energy prices due to the West Asia war, oil marketing companies are incurring losses of around Rs 20 per litre on petrol sales and Rs 100 per litre on diesel sales.

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#WestAsiaWarimpactonoil

Endeavour to keep fuel prices stable, no fuel rationing on cards; OMCs losing Rs 1,000 cr a day: Govt source

‘Inevitable’ that countries will have to pass on higher prices to end-users: Finance Ministry report