India’s state-owned fuel retailers are losing nearly 600 crore ($63 million) daily despite price increases, a government official said on Monday, hours after diesel and petrol prices were raised for the fourth time this month to recoup losses driven by higher crude costs.
Government revenue has also been hit by 14,000 crore ($1.47 billion) per month due to excise duty cuts on petrol and diesel, the official told a media briefing. ($1 = 95.3200 Indian rupees)
Published on May 25, 2026
THIS AD SUPPORTS OUR JOURNALISM.
SUBSCRIBE
FOR MINIMAL ADS.
THIS AD SUPPORTS OUR JOURNALISM.
SUBSCRIBE
FOR MINIMAL ADS.
