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Oil PSUs' June quarter losses miss govt's ₹75,000 crore estimate by wide margin

State-run oil firms reported combined net losses of ₹18,149 crore in the June quarter. This figure was significantly lower than the government's initial projection of nearly ₹75,000 crore. Industry executives cited retail price increases and central tax reductions as key cushioning factors. Higher LPG prices also helped offset cooking gas sales losses for these companies. The divergence highlights the political sensitivity surrounding fuel price adjustments and public perception.

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Economic TimesLean R·3h ago
Oil PSUs' June quarter losses miss govt's ₹75,000 crore estimate by wide margin
State-run oil firms reported combined net losses of ₹18,149 crore in the June quarter. This figure was significantly lower than the government's initial projection of nearly ₹75,000 crore. Industry executives cited retail price increases and central tax reductions as key cushioning factors. Higher LPG prices also helped offset cooking gas sales losses for these companies. The divergence highlights the political sensitivity surrounding fuel price adjustments and public perception.
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Oil PSUs' June quarter losses miss govt's ₹75,000 crore estimate by wide margin

How 1 sources are covering this

Oil PSUs' June quarter losses miss govt's ₹75,000 crore estimate by wide margin

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