India is making state oil firms absorb losses of up to ₹100 per litre on diesel to prevent retail price spikes during key regional elections. The move risks OMCs' financial health as the Strait of Hormuz blockade keeps global crude prices elevated.
OMCs lose ₹20 per litre on sale of petrol and ₹100 per litre on diesel: govt
Mint·Mint··1 min readLimited
M
Continue reading on Mint
This article was sourced from Mint's RSS feed. Visit the original for the complete story.
Limited free access — this source offers metered access before requiring a subscription.