NEW DELHI: A surge in global crude prices due to renewed hostilities has started hitting the oil marketing companies, with state-owned fuel retailers estimated to be losing around Rs 5 per litre on petrol and Rs 23 on diesel, ratings agency ICRA said Wednesday.

State-owned oil companies are facing negative marketing margins of Rs 5 per litre on petrol and Rs 23 on diesel as Brent crude crossed USD 100 a barrel amid escalating US-Iran…

New Delhi, Sep 9 (PTI) State-owned fuel retailers are losing Rs 5 per litre on petrol and Rs 23 a litre on diesel as fresh hostilities in West Asia pushed international oil prices…