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‘OMCs stare at Rs 2 lakh crore under-recoveries in Q1,’ says Hardeep Puri

Posted on May 11, 2026
By Financial Express
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1 min read

‘OMCs stare at Rs 2 lakh crore under-recoveries in Q1,’ says Hardeep Puri

State-run oil marketing companies may suffer retail fuel losses of nearly Rs 1 lakh crore in the April-June quarter as crude prices remain elevated amid the West Asia conflict, Petroleum Minister Hardeep Singh Puri said. Analysts warn sustained under-recoveries could force fuel price hikes.