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Fuel Shortage

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Fuel prices hiked after 4  years; OMC losses persist
Fuel prices hiked after 4  years; OMC losses persist
Business News2 hr ago

The recent increase in petrol and diesel prices by ₹3 per litre was due to higher crude oil prices and losses faced by state-run oil companies. CNG prices also rose by ₹2 per kg. Economists predict a 12-20 basis point impact on retail inflation. Despite the hike, state-run fuel retailers continue to suffer losses of ₹1,000 crore daily.

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