Indian OMCs incur ₹530 cr daily losses; ₹8 per litre on petrol, ₹9 on diesel and ₹300 on LPG: ICRA
West Asia turmoil pushes OMC fuel losses to ₹530 crore a day. Crude oil prices have risen sharply in recent weeks amid escalating geopolitical tensions and supply disruptions. | Photo Credit: The Hindu Indian oil market companies (OMCs) are estimated to be incurring under-recoveries of ₹8 per litre on petrol, ₹9 per litre on diesel…