Oil companies are selling petrol at a loss of ₹ 14: ₹ 18 loss on diesel, ₹ 80,000 crore burden on LPG due to costlier crude oil.
Despite the rising prices of crude oil in the international market, due to lack of increase in retail rates, companies are incurring losses on every liter of petrol and diesel. According to rating agency ICRA, oil companies are facing a loss of ₹ 14 per liter on petrol and ₹ 18 per liter on diesel….