BPCL seeks compensation as OMC fuel under-recoveries reach ₹1.88 lakh crore
State oil marketers have sought nearly ₹75,000 crore in government support for April–June losses as elevated crude prices squeezed petrol, diesel and LPG retail margins. BPCL expects a finance ministry decision followed by Cabinet approval.
BPCL expects central-government compensation as state oil marketers seek nearly ₹75,000 crore for April-June fuel losses. Elevated crude prices drove quarterly under-recoveries to ₹1.88 lakh crore, pressuring petrol, diesel and LPG retail margins.
Why this matters
The compensation request extends BPCL’s recent pattern of testing alternative crude amid Gulf shipping risks, losing Russian crude discounts and reporting Q1 losses under fuel-price controls.
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