The losses are on account of an increase in the price of crude oil -- up 51% between February 28, when the US-Israel attack on Iran began, and Monday. | Business News

In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn't compensate for the rising crude oil prices, leaving experts…

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil…