State-owned oil companies lost Rs 74,781 crore from April to June as global crude prices surged due to the US-Iran war, said Union petroleum minister Hardeep Singh Puri.

NEW DELHI: State-owned oil marketing companies (OMCs) incurred losses of almost Rs 74,781 crore on the sale of petrol, diesel, and liquefied petroleum gas (LPG) during April-June…

State-run oil companies reported a significant loss of ₹74,781 crore in the April-June quarter due to selling fuel below market rates. Despite a global crude price drop, domestic…