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VERIFIEDET Markets·negative
Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss
AI Summary
- ·Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike.
- ·Analysts estimate losses of Rs 25 per litre and daily hits of Rs 1,380 crore for IOCL, BPCL, and HPCL.
- ·Brokerages warn further fuel price hikes may be unavoidable unless crude prices cool.