Fuel price hike coming? Oil PSUs losing almost Rs 30,000cr per month

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Soaring crude oil prices, averaging $105.4 a barrel, are straining oil companies' finances as they sell fuel below cost. Despite government excise duty cuts, losses are unsustainable. Experts suggest gradual price hikes and innovative strategies to manage the transition to renewables while supporting companies' investments and the macroeconomy.

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This article was originally published by Times of India.

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