Indian Oil Marketing Companies Face ₹30,000 Crore Monthly Losses Amid Pricing Pressures
State-run oil marketing companies (OMCs) in India are currently grappling with financial losses amounting to ₹30,000 crore per month on the sale of petrol, diesel, and liquefied petroleum gas (LPG). Sujata Sharma, Joint Secretary at the Union Petroleum Ministry, confirmed these figures this week, noting that the mounting deficit persists despite recent government interventions to…