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State-owned fuel retailers losing nearly ₹600 crore daily despite price hikes

State-owned fuel retailers in India are losing ₹600 crore daily, with government revenue impacted by ₹14,000 crore monthly due to duty cuts.

Raccontata dathehindubusinessline.comtimesofindia.indiatimes.comnewsbytesapp.com

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newsbytesapp.com9 h fa

Oil firms losing ₹600cr daily despite recent price hikes

India's state-run oil companies (IOC, BPCL, HPCL) are bleeding ₹600 crore/day despite four retail price hikes in May, while the Centre loses ₹14,000 crore/month in excise revenue from duty cuts meant to cap pump prices. Sustained crude volatility will pressure India's fiscal deficit and current account balance, with downstream exposure hitting logistics and supply chain costs across sectors.

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thehindubusinessline.com20 h fa

Petrol, diesel prices raised by ₹2.61-2.71; hikes top ₹7.5/litre within two weeks

India's state-owned oil firms raised petrol and diesel prices by ₹2.61–2.71/litre on Monday, the fourth hike in under two weeks, bringing cumulative increases to ~₹7.5/litre since May 15. Rising global crude costs and a weakening rupee are squeezing import margins for oil marketing companies, signaling sustained inflationary pressure on energy-intensive supply chains and logistics budgets across the region.

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timesofindia.indiatimes.com13 h fa

Fuel price hike: Sitharaman says 'India can't afford fear mongering'; govt may lose Rs 1 lakh crore revenue

India raised fuel prices for the 4th time in 10 days; FM Sitharaman ruled out duty cuts, citing a ₹1 lakh crore revenue hit. Middle East supply disruptions are structurally raising India's energy costs, with ₹8.1 lakh crore frozen in MSME payment delays.

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Timeline cronologica

1. lunedì 25 maggio 2026·thehindubusinessline.com
   

   Petrol, diesel prices raised by ₹2.61-2.71; hikes top ₹7.5/litre within two weeks

   Petrol and diesel prices were raised by ₹2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms continued to pass on rising…

2. lunedì 25 maggio 2026·timesofindia.indiatimes.com
   

   Fuel price hike: Sitharaman says 'India can't afford fear mongering'; govt may lose Rs 1 lakh crore revenue

   Union finance minister Nirmala Sitharaman on Monday said that reducing excise duties on petrol and diesel would lead to a revenue loss of around Rs 1 lakh crore. She also stressed…

3. lunedì 25 maggio 2026·thehindubusinessline.com
   

   SIDBI must evolve from lender to 'market maker' and 'risk-sharing' partner: FM Sitharaman

   Finance Minister Nirmala Sitharaman urges SIDBI to transition from lender to market maker and risk-sharing partner for MSMEs and startups.

4. lunedì 25 maggio 2026·thehindubusinessline.com
   

   State-owned fuel retailers losing nearly ₹600 crore daily despite price hikes

   State-owned fuel retailers in India are losing ₹600 crore daily, with government revenue impacted by ₹14,000 crore monthly due to duty cuts.

5. lunedì 25 maggio 2026·newsbytesapp.com
   

   Why Modi government is staring at ₹1L crore revenue hit

   Finance Minister Nirmala Sitharaman announced that reducing excise duties on petrol and diesel will lead to a ₹1 lakh crore revenue shortfall for the government.

6. lunedì 25 maggio 2026·newsbytesapp.com
   

   Oil firms losing ₹600cr daily despite recent price hikes

   India's state-run oil companies are incurring daily losses of Rs 600 crore despite multiple retail fuel price hikes, driven by persistently high global crude oil prices.

7. lunedì 25 maggio 2026·thehindubusinessline.com
   

   Centre loses Rs 14,000 crore after petrol, diesel excise duty cut

   The Centre has forgone nearly Rs 14,000 crore in tax revenue after cutting fuel excise duty amid rising crude oil prices linked to the West Asia crisis.