Oil ministry drafts relief plan as state fuel retailers face ₹75,000 crore loss
The oil ministry is working on a compensation proposal for Indian Oil, BPCL and HPCL after losses from selling petrol, diesel and LPG below market rates. The plan requires finance ministry clearance before cabinet consideration.
Oil ministry is drafting a relief proposal for state-run OMCs after roughly ₹75,000 crore of April-June losses from selling petrol, diesel and LPG below market rates. Finance ministry and cabinet approvals are required.