OMCs lose ₹20 per litre on sale of petrol and ₹100 per litre on diesel: govt
Mint·3h ago·Neutral
What Happened
State-run oil marketing companies lose ₹20 per litre on petrol and ₹100 per litre on diesel sales amid elevated global crude prices. The petroleum ministry denied reports of impending ₹28 per litre fuel price surge after assembly elections, stating government excise duty cuts shield consumers from volatility.
Key Entities
Oil Marketing Companies (OMCs)Ministry of Petroleum and Natural GasSujata SharmaPetrolDieselExcise dutyCrude oil prices