Download the app
← Latest news

Hardeep Puri explains how long oil companies can keep bearing fuel price losses

Economy
Published on 12 May 2026
Hardeep Puri explains how long oil companies can keep bearing fuel price losses

A fuel hike may come, but the bill is already rising

India’s Oil Minister Hardeep Puri says the public can expect reassurance on potential fuel price hikes, but he admits oil companies are under real strain. He argues the key is acting early to manage the economic pressure created by current pricing approaches, implying losses cannot be absorbed forever without policy changes.

  • Hardeep Puri warns fuel pricing pressure is building
  • Oil companies are absorbing losses amid pricing constraints
  • He emphasizes proactive measures to ease economic strain
  • Potential fuel hikes remain a looming possibility
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.