Poging GOUD - Vrij
OMC losses touch ₹30,000 cr a month
Financial Express Lucknow
|May 09, 2026
‘FIRMS BUYING COSTLY OIL, GAS, BUT SELLING AT LOW PRICES’
INDIA'S STATE-RUN OIL marketing companies (OMCs) are incurring under-recoveries of around ~30,000 crore every month — or nearly 1,000 crore a day — as petrol, diesel and LPG prices remain frozen despite crude oil surging to around $120 per barrel amid the West Asia conflict and disruption in the Strait of Hormuz.
The mounting losses are piling pressure on the balance sheets of Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), even as the government continues to shield consumers from the global energy shock.
“Our oil marketing companies are buying expensive raw oil, gas and LPG from the market. But to protect our consumers, they are selling at low prices,” Sujata Sharma, joint secretary, ministry of petroleum and natural gas, said on Friday.
Dit verhaal komt uit de May 09, 2026-editie van Financial Express Lucknow.
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