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The Economic Times

Economy / The Economic Times

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India will need to see how long fuel retailers can bear losses, oil minister says

India's oil minister highlighted the need to address state-run fuel retailers' mounting losses from selling petrol and diesel below market rates. Despite global price surges, pump prices remain unchanged, impacting companies significantly. Officials deem compensation fiscally unsustainable, suggesting a substantial but inflation-conscious price adjustment may be necessary soon.

12 May 2026 4:53 pm