After 4 rounds of fuel price hike, oil marketing companies still ‘losing around Rs 600 cr each day’

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.