Middle East Conflict Forces Indian Oil Firms into Rs 30,000 Crore Monthly Deficit
India’s state-run oil marketing companies are currently absorbing a staggering financial burden of approximately Rs 30,000 crore every month to maintain stable fuel prices for domestic consumers. This ongoing fiscal strain, exacerbated by escalating geopolitical tensions in the Middle East, has effectively frozen retail prices for petrol, diesel, and LPG despite rising global crude costs….