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Oil Marketing Companies Face ₹530-Crore Daily Fuel Losses, Surging Crude Prices Deepen Pressure on Petrol and Diesel Margins: ICRA

Oil Marketing Companies Face ₹530-Crore Daily Fuel Losses, Surging Crude Prices Deepen Pressure on Petrol and Diesel Margins: ICRA
Photo: Free Press Journal · view original

New Delhi: State-owned oil marketing companies are suffering heavy losses on petrol, diesel and domestic LPG sales as surging crude oil prices outpace unchanged retail fuel rates, according to rating agency ICRA. Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corpor...

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