Oil Marketing Companies Face Financial Strain as Under-Recoveries Surpass ₹2 Lakh Crore
Fiscal Pressure Mounts on State-Run Fuel Retailers Union Petroleum Minister Hardeep Singh Puri confirmed this week that India’s state-owned Oil Marketing Companies (OMCs) are currently grappling with under-recoveries totaling approximately ₹2 lakh crore for the ongoing quarter. This financial shortfall highlights the deepening strain on companies like Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum…