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.

Despite three revisions, oil marketing companies are estimated to still be losing ₹8–10 per litre on petrol and diesel. | India News

India's state-owned fuel retailers increased diesel prices by 2.71 rupees (US$0.0283) per liter and petrol by 2.61 rupees, dealers said on Monday, the fourth hike in May to…