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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.

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theprint.in

newsbytesapp.com

economictimes.indiatimes.com

thehindu.com

timesofindia.indiatimes.com

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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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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.
lunedì 25 maggio 2026·theprint.in
Oil companies' losses down to Rs 600 cr per day following fuel price hikes
New Delhi, May 25 (PTI) The four rounds of petrol and diesel price hike, totalling about Rs 7.5 per litre, have trimmed the losses state-owned oil firms were incurring from…

Oil firms losing ₹600cr daily despite recent price hikes

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Oil firms losing ₹600cr daily despite recent price hikes

Timeline cronologica

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

Oil companies' losses down to Rs 600 cr per day following fuel price hikes

Oil companies' losses down to Rs 600 cr per day following fuel price hikes

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

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Oil firms losing ₹600cr daily despite recent price hikes

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