State-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices surge while domestic fuel prices remain unchanged, rating agency ICRA said. The daily loss is estimated at Rs 530 crore, while LPG under-recoveries are around Rs 300 per cylinder.
Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRA
State-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diese...
By Dhallo News · September 23, 2026 at 3:22 PM IST
Source: Economic Times - Companies
SOURCE: Economic Times - Companies
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