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Oil companies losing Rs 750 crore daily despite recent petrol and diesel price hike: Govt

Posted on May 18, 2026
By Financial Express
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1 min read

Oil companies losing Rs 750 crore daily despite recent petrol and diesel price hike: Govt

A senior oil ministry official said on Monday that despite the increase, oil marketing companies (OMCs) are still losing around Rs 750 crore every day because fuel is being sold below cost.