Losing Rs 1,000 crore a day: Petrol minister Puri highlights mounting losses for OMCs as fuel prices remain unchanged for 4 years

May 12, 2026 - 18:00
Losing Rs 1,000 crore a day: Petrol minister Puri highlights mounting losses for OMCs as fuel prices remain unchanged for 4 years

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Indian consumers are shielded from soaring global crude prices, but state fuel retailers are facing immense financial strain. Companies are losing approximately Rs 1,000 crore daily, with cumulative under-recoveries reaching nearly Rs 1.98 lakh crore. This price freeze, while ensuring supply, puts significant pressure on their balance sheets and future operations.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0