OMCs’ under-recovery crosses Rs 2.1 lakh crore: Hardeep Singh Puri
OMCs faced a Rs 74,781 crore loss in Q1FY27 and a total Rs 2.1 lakh crore under-recovery for selling fuel below cost, said Minister Hardeep Singh Puri, adding that the government shielded consumers from global crude price volatility. OMCs Face Massive Losses to Shield Consumers State-owned oil marketing companies’ (OMCs) suffered a total loss of … Read more