Oil firms lost Rs 74,781 crore from April to June amid US-Iran war: Hardeep Puri
State-owned oil companies faced nearly Rs 75,000 crore in losses during April-June 2026 due to soaring global crude oil prices. Despite this, India shielded consumers from price volatility, ensuring uninterrupted fuel supplies. While petrol prices surged in neighboring and European nations, domestic rates remained stable. India is bolstering crude storage and international ties to mitigate future supply shocks.
State-owned oil companies faced nearly Rs 75,000 crore in losses during April-June 2026 due to soaring global crude oil prices. Despite this, India shielded consumers from price volatility, ensuring uninterrupted fuel supplies. While petrol prices surged in neighboring and European nations, domestic rates remained stable. India is bolstering crude storage and international ties to mitigate future supply shocks.
