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No government financial support planned for fuel retailers' petrol, diesel, ATF losses
The Political and Business Daily
|May 05, 2026
THE government has no plans to extend financial support to state owned fuel retailers for the losses they are incurring on selling petrol, diesel and aviation turbine fuel (ATF) below cost, an official said on Monday.
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Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are incurring substantial losses on sale of petrol and diesel after they extended a four-year freeze on revision in retail rates despite input crude oil prices shooting up since the start of West Asia conflict ove
This story is from the May 05, 2026 edition of The Political and Business Daily.
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