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