India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a further Rs 11 per litre increase is needed to eliminate under-recoveries, as the government balances inflation concerns with retailer financial health.

India’s oil minister warned state fuel retailers are losing up to ?1,000 crore a day selling below market prices and the situation may not be sustainable.

India's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain global market. Industry veteran MK Surana warns of…

Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain…

Shares of oil marketing companies and paint manufacturers declined up to 3% in early trade on Friday after petrol and diesel prices were increased by Rs 3 per litre across the…

The government raises petrol and diesel prices by Rs 3/litre amid global crude price surge and inflation concerns.

MUMBAI: Despite a hike in retail fuel prices for petrol and diesel, stocks of oil marketing companies (OMCs) were deep in the red as market players said the price hike was not…