VERIFIEDET Finance·9 May 2026negative

Oil PSUs suffer ₹30,000 cr under-recoveries a month

AI Summary

·Indian oil companies are incurring monthly under-recoveries of ₹30,000 crore on petrol, diesel, and LPG.
·These losses stem from selling fuels below international market rates, which have seen a sharp increase.
·The earnings of Indian Oil, HPCL, and BPCL are affected, leading to a decline in their share prices.