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Back|Can't hold fuel losses indefinitely: Officials; crude averages $105 a barrel in May so far
Can't hold fuel losses indefinitely: Officials; crude averages $105 a barrel in May so far
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Times of India·08.05.2026·🇮🇳India·General

Can't hold fuel losses indefinitely: Officials; crude averages $105 a barrel in May so far

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Times of India
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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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