World & BusinessState-run oil firms face estimated Rs 530 crore in daily fuel losses as crude surges
The Economic Times, citing ICRA, reports losses of about Rs 8 a litre on petrol and Rs 9 on diesel at IOC, BPCL and HPCL, with domestic fuel prices unchanged.
TLDR
The Economic Times reports that rating agency ICRA estimates daily losses of Rs 530 crore for state-run oil marketers IOC, BPCL and HPCL as crude prices surge while domestic fuel prices remain unchanged. The outlet also cites ICRA’s estimate of around Rs 300 in losses per domestic LPG cylinder.
State-run oil firms face estimated Rs 530 crore in daily fuel losses as crude surges
The Economic Times, citing ICRA, reports losses of about Rs 8 a litre on petrol and Rs 9 on diesel at IOC, BPCL and HPCL, with domestic fuel prices unchanged.
TLDR
The Economic Times reports that rating agency ICRA estimates daily losses of Rs 530 crore for state-run oil marketers IOC, BPCL and HPCL as crude prices surge while domestic fuel prices remain unchanged. The outlet also cites ICRA’s estimate of around Rs 300 in losses per domestic LPG cylinder.
