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OMC losses mount to Rs1 lakh crore; govt weighs how long firms can absorb hit

Posted on May 12, 2026
By Financial Express
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1 min read

OMC losses mount to Rs1 lakh crore; govt weighs how long firms can absorb hit

Oil Minister Hardeep Singh Puri said fuel price revisions are unrelated to elections as state-run oil companies face mounting losses from elevated crude prices and unchanged retail rates.