#omcs
India OMCs face Rs 1 lakh crore losses as fuel price freeze continues
Despite a nearly 50% rise in crude oil input costs since the Middle East conflict began, fuel prices in India have largely remained unchanged, leading to mounting financial strain.
No proposal to compensate OMCs for selling fuel below cost, says Oil Ministry
State owned OMCs raised prices of liquefied petroleum gas for industrial customers and ATF sold to foreign carriers, however there has been no increase in retail prices of petrol, diesel, LPG for retail consumer and ATF for Indian carriers