finance
India State Fuel Retailers Report Daily Losses Near 6 Billion Rupees
A government official stated that state-owned fuel retailers continue to lose slightly less than 6 billion rupees per day even after recent price increases. The figure reflects the gap between regulated retail prices and the cost of imported crude and refined products.
May 25, 5:59 AM·1m read1 source
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A government official reported that India's state-owned fuel retailers are incurring daily losses of slightly less than 6 billion rupees despite recent price adjustments. The losses stem from the difference between the prices at which the companies sell petrol and diesel and the higher cost of imported crude oil and refined fuels.
Retail prices have been raised in recent weeks, yet the official indicated that the increases have not fully offset the elevated input costs. State retailers continue to absorb the remaining shortfall, which affects their operating margins and cash flow.
The same official noted that the daily loss figure is calculated after accounting for current retail prices and prevailing international oil benchmarks.
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