GeriMiddle East conflict burns Indian oil firms: Rs 30k cr monthly hit to keep fuel prices stable

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Times of India08.05.2026GeneralIndia

Middle East conflict burns Indian oil firms: Rs 30k cr monthly hit to keep fuel prices stable

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India's state-run oil companies are absorbing nearly Rs 30,000 crore in monthly losses to maintain stable petrol, diesel, and LPG prices amidst soaring global energy costs. This financial burden arises from crude oil price surges and supply disruptions in West Asia, with the government prioritizing consumer protection.

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